Loans worth Rs 54,000 cr granted by public banks turned NPAs
About 23 percent of the 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, 17:17 PM IST
United Bank of India Q4 net down 77% at Rs 104 cr
State-run United Bank of India on Thursday posted a steep 77.7 percent fall in net profit at Rs 104.78 crore for the last quarter of 2014-15 financial year due to rise in bad loans.
May 07, 2015, 18:29 PM IST
JPMorgan says banks may be making 'bad loans' as LBOs boom
JPMorgan Chase & Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview.
Apr 15, 2015, 09:24 AM IST
Central Bank tops list with highest NPAs among PSU banks
According to the data provided by the RBI to the Finance Ministry, Central Bank of India's 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).
Apr 05, 2015, 13:31 PM IST
RBI relaxes bad loans provisioning rules for banks
The relaxation will be applicable for floating provisions held by them as of the end of December 2014.
Mar 30, 2015, 16:12 PM IST
SEBI eases rules for banks to convert bad loans to equity
Mumbai: Indian banks will be able to convert distressed loans owed by listed companies into equity stakes, the Securities and Exchange Board of India (SEBI) said on Sunday, in a move that will allow lenders to reduce bad loans weighing on their balance sheets.
Mar 22, 2015, 20:19 PM IST
SBI results cheer investors as bad loans stable
State Bank of India (SBI), the nation`s top lender by assets, reported on Friday a small increase in bad loans in its fiscal third quarter that was not as much as feared, sending its shares up as much as 6.8 percent.
Feb 13, 2015, 13:23 PM IST
BoI net plunges 70% as bad loans, provisions soar
State-run Bank of India (BoI) today reported a massive 70 per cent dip in its net profit at Rs 173 crore in the quarter to December, from Rs 586 crore a year ago, driven down by a spike in bad loans and the resultant higher provisioning.
Feb 12, 2015, 19:57 PM IST
Bad loans rise at three mid-sized state lenders
UCO Bank and Allahabad Bank, two other state-run lenders that reported quarterly results on Thursday, also saw their bad loan ratios widening, leading to a fall in their share prices.
Feb 05, 2015, 17:28 PM IST
Bank of Baroda shares slump 11.5% on weak Q3 earnings
Shares of Bank of Baroda (BoB) on Friday tumbled 11.5 percent after the company reported a steep 68 percent decline in net profit for the quarter ended December 31, 2014.
Jan 30, 2015, 19:47 PM IST
Union Bank Q3 net profit drops 13% on higher provisioning, bad loans
The gross non-performing assets (NPAs) worsened to 5.08 percent as against 3.85 percent in the same period last year.
Jan 27, 2015, 22:58 PM IST
Gyan Sangam: Low demand for credit an area of concern, says Banking Secretary
Acknowledging that bad loans are "problem area," Financial Services Secretary Hasmukh Adhia on Friday said the low demand for credit is an area of concern and there is need to increase the same.
Jan 02, 2015, 15:53 PM IST
Early end to regulatory forbearance may be the right step: RBI
The central bank's remark comes amidst banks asking for an extension of regulatory forbearance by one year.
Dec 29, 2014, 21:04 PM IST
Bad loans may come down to 4% by March 2016: RBI
Gross non-performing assets (GNPAs) of banking system is likely to drop to 4 percent by March 2016 with expected improvement in macroeconomic indicators going forward, the Reserve Bank said on Monday.
Dec 29, 2014, 19:03 PM IST
AIBOC writes to PM, FM; pitches for tough steps on bad loans
Ahead of high profile 'Gyan Sangam' at Pune, a bank union has suggested to Prime Minister Narendra Modi that banking sector reforms should focus on the objectives of bank nationalisation and initiate stringent measures for recovery of bad loans.
Dec 28, 2014, 14:24 PM IST
Bad loan write offs double to Rs 42,477 cr in 3 years
The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.
Dec 21, 2014, 11:16 AM IST
United Bank, Dhanlaxmi Bank have high NPA ratios: Jayant Sinha
United Bank of India and Dhanlaxmi Bank top the list of public and private sector lenders with maximum incidence of bad loans.
Dec 16, 2014, 15:44 PM IST
NBFCs' bad loans level may go up to 6.1% in over 3 years: Care
NBFCs have witnessed a stress in asset quality during the last two-three years due to weak operating environment and economic downturn.
Dec 07, 2014, 12:46 PM IST
Banks battling big spurt in bad loans: Arun Jaitley
In view of the major increase in their non-performing assets (NPA), banks are taking a number of steps against wilful defaulters to recover loans, Finance Minister Arun Jaitley said Friday.
Dec 05, 2014, 18:40 PM IST
Sharp rise in bad loans; banks taking action: Govt
Jaitley said banks are taking a number of steps against willful defaulters.
Dec 05, 2014, 15:07 PM IST