Indian Overseas Bank Q1 net down 94.56% at Rs 14.76 crore
Indian Overseas Bank (IOB) today reported 94.56 percent decline in net profit at Rs 14.76 crore for the quarter ended June 30, 2015, compared to the same period last year, on sharp increase in provisioning for bad loans.
Jul 25, 2015, 15:32 PM IST
HDFC Bank Q1 net jumps 21% to Rs 2,695.72 crore
The bank's had earned a net profit of Rs 2,233.04 crore in the April-June quarter of 2014-15.
Jul 21, 2015, 11:58 AM IST
SBI to put in place early warning signals to rein in NPAs
To effectively deal with the problem of bad loans, SBI is in the process of introducing a system of early warning signals to detect NPAs and take corrective action.
Jul 07, 2015, 17:57 PM IST
Sinha pledges required capital support for public sector banks
The government on Wednesday said it's currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them.
Jul 01, 2015, 12:01 PM IST
United Bank tops list with highest bad loans among PSU lenders
United Bank of India has topped the list of public sector lenders with maximum bad loans including restructured assets as a percentage of total advances.
Jun 28, 2015, 11:16 AM IST
BSE Sensex falls, RBI stress test shows likely jump in bad loans for private banks
The RBI also said the probability of slippage of state electricity boards` exposure to bad loans is very high considering the implementation of new regulatory norms effective April 1, 2015.
Jun 26, 2015, 11:56 AM IST
Bad loans main pain area for resilient economy: FSR
Strong macroeconomic fundamentals offer India a "reasonable degree of resilience" to fight uncertainties, but poor asset quality of banks and managing expectations are key challenges for regulators and the government, says the Financial Stability Report.
Jun 25, 2015, 19:18 PM IST
Indebted firms constraining bank lending: RBI report
The ability of India`s debt-burdened firms to repay their debts has worsened as leverage has increased, straining a banking sector burdened by bad loans, according to a report released by the Reserve Bank of India on Thursday.
Jun 25, 2015, 17:40 PM IST
Finance Ministry readying plan to deal with menace of bad loans
To deal with the issue of bad loans on a war footing manner, the Finance Ministry on Wednesday charted out action plans including strengthening of asset reconstruction companies (ARCs) to deal with rising NPAs.
Jun 17, 2015, 21:27 PM IST
Finance minister says sees merit in state banks' demand for more capital
India`s state-owned banks have made a "strong case" for higher capital infusion by the government, Finance Minister Arun Jaitley said on Friday, adding he saw a merit in the demand.
Jun 12, 2015, 15:24 PM IST
RBI for better strategies to deal with problem of bad loans
Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.
Jun 11, 2015, 15:08 PM IST
Re-capitalise state banks for economic prosperity: Expert
India needs to privatise and change the character of its state-owned banks which have massive bad loans that have become a drag on economic growth, a leading financial expert said here.
May 27, 2015, 15:19 PM IST
Keeping fingers crossed on bad loans: FM Jaitley
Terming NPAs at 5.2 percent as high, Finance Minister Arun Jaitley on Friday said it's too early to consider the improvement in the bad loan situation last quarter as a "turnaround" and was keeping his fingers crossed.
May 22, 2015, 17:13 PM IST
SBI Q4 net up 23% at Rs 3742 cr,to focus on recovery this year
For the entire fiscal ended March 2015, SBI's net profit increased 20 percent to Rs 13,101.57 crore as compared to Rs 10,891.17 crore for the year ended March 2014.
May 22, 2015, 15:19 PM IST
SBI Q4 net profit up 23%, bad loan ratio down
SBI reported a better-than-expected 23 percent increase in quarterly profit and a lower bad loan ratio, sending its shares more than 5 percent higher.
May 22, 2015, 13:52 PM IST
FM Jaitley to soon meet PSU bankers on NPA, stake sale issues
Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.
May 19, 2015, 12:56 PM IST
No financial crisis risk, but bad loans still a problem: Raghuram Rajan
Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.
May 14, 2015, 21:37 PM IST
No financial crisis risk, but bad loans still a problem: Rajan
Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan on Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.
May 14, 2015, 20:24 PM IST
Bad loans to rise to Rs 4 lakh cr for banks: Crisil
Asset quality woes of banks may turn worse for banks, with their gross non-performing assets (NPA) expected to rise by Rs 60,000 crore in the current fiscal to Rs 4 lakh crore, credit rating firm Crisil said Tuesday.
May 12, 2015, 23:46 PM IST
17 projects turn non performing assets: Govt
About 23 percent of the 74 projects to which public sector banks provided loans worth about Rs 54,000 crore in 2014-15 have turned non-performing assets (NPAs), Parliament was informed on Tuesday.
May 12, 2015, 18:19 PM IST