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SBI asset quality remains healthy: Chairman Khara

SBI asset quality remains healthy: Chairman Khara

Finance
Mumbai: The asset quality situation at State Bank of India (SBI) remains healthy and the faster-than-expected economic recovery may limit the impact to lenders' balance sheets, the bank's Chairman Dinesh Kumar Khara said on Thursday. He, however, did not share details on the COVID-related loan restructuring for SBI citing the silent period ahead of the results. It can be noted that in the bi-annual Financial Stability Report (FSR) released last month, the RBI had expected banks' non-performing assets to deteriorate further because of the pandemic and asked them to be cautious. "I would also mention that the asset quality book of the bank remains healthy," Khara told reporters on the sidelines of an event here. The macroeconomic situation is not the same as it was in April, and with the ...

Op-ed: Equities likely to grow, but finding yield remains difficult

Finance
krisanapong detraphiphat | Moment | Getty ImagesBottom-scraping interest rates in 2020 were a major factor fueling a stock market that, after plummeting in March from the pandemic, rallied to post a banner year.Low interest rates also vexed investors seeking yield from bonds purchased to diversify portfolios and reduce risk. But while bond yields likely will remain paltry in 2021, much higher yields are available from alternative fixed-income investments that individual investors typically overlook.Many market sectors are poised to continue growth spurred by the Fed's rate cut last spring — a move whose effectiveness shouldn't have been surprising, given its history of success. Along with low rates, conditions pointing to equity growth in 2021 include the continuation of the Fed's bond-buy...

Lawsuit challenges Indiana laws on disposal of fetal remains

Health
An Indianapolis abortion clinic is suing the state of Indiana, challenging provisions of a state law upheld last year by the U.S. Supreme Court requiring fetal remains to be buried or cremated after an abortionByThe Associated PressDecember 22, 2020, 10:11 PM• 3 min readINDIANAPOLIS -- An Indianapolis abortion clinic is suing the state of Indiana, challenging provisions of a state law upheld last year by the U.S. Supreme Court requiring fetal remains to be buried or cremated after an abortion.The federal lawsuit, filed Monday, contends that requirement and other Indiana statues requiring the same disposition method for fetal remains following a miscarriage violate the Constitution because they force the state’s definition of a person onto women who might not share the same ...
Britney Spears loses bid to stop her father’s control – and says she won’t perform if he remains in charge

Britney Spears loses bid to stop her father’s control – and says she won’t perform if he remains in charge

Entertainment
Britney Spears is scared of her father and will not resume her singing career while he has power over it, her lawyer has said.Samuel D Ingham III was requesting that Spears' father James be suspended from his role in the court conservatorship that has controlled the singer's life and career for 12 years. He told Los Angeles Superior Court Judge Brenda Penny: "My client has informed me that she is afraid of her father. She will not perform again if her father is in charge of her career."The judge declined to suspend Mr Spears' role but did say she would consider future petitions for his suspensions or removal.Mr Spears' lawyer Vivian Lee Thoreen said her client had a perfect record as conservator, which has seen the singer go from being in debt to being worth well over $ 60m. ...
US Election 2020: Tense wait as US election winner remains unclear

US Election 2020: Tense wait as US election winner remains unclear

World
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