Bank credit growth will nosedive to 1% due to COVID-19 impact: Crisil
Domestic rating agency Crisil, which estimates bank credit growth to come at 0-1 per cent in this financial year, had earlier predicted it to expand by 8-9 per cent.
Jun 08, 2020, 17:41 PM IST
PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report
The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.
May 05, 2020, 14:10 PM IST
Moody's downgrades Yes Bank's ratings with outlook negative, concludes review for downgrade
Yes Bank`s asset quality deteriorated in the quarter ended June 2019 with its gross non-performing loan (NPL) ratio rising to 5 per cent from 3.2 per cent at the end of March 2019.
Aug 28, 2019, 18:06 PM IST
RBI issues revised circular on resolution of stressed loans
The Supreme Court had earlier quashed the RBI circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore.
Jun 07, 2019, 17:16 PM IST
New NPA resolution norms in 3-4 days: Das
On April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as NPA.
Jun 06, 2019, 13:25 PM IST
PNB narrows Q4 loss to Rs 4,750 crore
The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.
May 28, 2019, 13:18 PM IST
Indian Bank to decide on raising Rs 7,000 crore in Q2: MD
In December 2017, the bank's Board accorded approval to raise equity capital upto Rs 7,000 crore in one or more tranches in the current or subsequent financial years based on requirement through FPO, private placement, QIP/rights issue/preferential issue/institutional placement programme.
May 15, 2019, 14:19 PM IST
Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning
The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.
May 15, 2019, 14:14 PM IST
Canara Bank Q4 loss narrows to Rs 551 cr on lower bad loans
The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal.
May 10, 2019, 18:43 PM IST
Allahabad Bank's Q4 loss widens to Rs 3,834 crore
The public sector lender's net loss in the year-ago period stood at Rs 3,509.63 crore.
May 10, 2019, 18:42 PM IST
Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore
The public sector lender reported a loss of Rs 3,606.73 crore during January-March, 2017-18.
May 10, 2019, 12:26 PM IST
NPA under Mudra Yojana stands at Rs 7,277 crore
Loans under PMMY can be covered under Credit Guarantee Fund for Micro Units (CGFMU).
Feb 13, 2019, 10:10 AM IST
Over 6,000 officers of nationalised banks held responsible for bad loans in FY18: Arun Jaitley
Penalties imposed against the erring officials include dismissal, compulsory retirement and demotion.
Dec 29, 2018, 08:01 AM IST
Doubling limit for filing DRT cases will expedite bad loan recovery: Finmin
The pecuniary limit was raised last week following amendment in the rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993.
Sep 12, 2018, 12:42 PM IST
RBI nominee on PSU boards create illusion of regulatory control, says Rajan
Even Rajan's successor and present RBI Governor Urjit Patel had suggested withdrawal of nominee directors from the boards of public sector banks (PSBs) to avoid any conflict of interest.
Sep 12, 2018, 12:41 PM IST
Heads of 11-PSBs to appear before Parliamentary Panel over mounting bad loans
The banking sector is grappling with rising non-performing assets (NPAs), which touched Rs 8.99 lakh crore or 10.11 percent of total advances at December-end 2017.
Jun 25, 2018, 11:10 AM IST
India should address banking crisis to support investment, says IMF
These steps include the recognition of these non-performing assets, the resolution framework under the Insolvency and Bankruptcy Code, IMF said
Jun 08, 2018, 09:31 AM IST
Government eying merger of four Public Sector Banks amidst rising bad loans
These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.
Jun 05, 2018, 12:28 PM IST
Bank unions to go on two-day nationwide strike; salary withdrawal, ATM transactions to be affected
Bank unions have called for a strike to protest a nominal 2 percent wage hike offered by the Indian Banks' Association (IBA).
May 29, 2018, 10:05 AM IST
Bank unions to go on two-day nationwide strike on May 30, 31
Bank employees have organised a demonstrations on May 29 at State Bank of India' branch main branch in Mumbai.
May 29, 2018, 09:21 AM IST