PNB's recovery of bad loans doubled to Rs 20,000 cr in FY19
The bank suffered losses allegedly after jewellers Nirav Modi, Mehul Choksi and some bank employees collided to defraud PNB of about Rs 1,000 crore. The scam was unearthed in February 2018.
Jun 20, 2019, 10:33 AM 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
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
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
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
Govt to lower number of PSBs to 10-15: FinMin advisor
FinMin advisor said bad loan problems is the first priority and after that the PSU banks could be consolidated.
Oct 06, 2017, 17:34 PM IST
NPA norms welcome, will force decisions: Axis' Shikha Sharma
Axis Bank MD and CEO Shikha Sharma today welcomed changes in NPA resolution as moves that will "force" decisions by cutting layers, and also said the bank is looking for one more life insurance distribution tie-up.
May 11, 2017, 16:44 PM IST
Mounting bad loans next big challenge; stage set for take effective action on NPAs: Jaitley
Terming the mounting bad loans as "next big challenge" for the country, Finance Minister Arun Jaitley today said banks should enforce their right and recover dues in the larger interest of the economy.
Oct 21, 2016, 19:26 PM IST
Indian banking outlook stable; new NPA formation slow: Moody's
The pace of bad loan formation is going to slower resulting in a stable outlook for the Indian banking sector over the next 12-18 months, Moody's Investors Service said.
Sep 19, 2016, 15:31 PM IST
Shocking: One-third of a bank stock you buy is going away as bad loan!
It's not hidden from anyone that the Indian banking sector is in a great mess. The earnings numbers from the 25 banks for FY16 have clearly shown that the scenario is not very encouraging.
May 16, 2016, 19:09 PM IST
Will make list of wilful defaulters public: RBI Governor
Reserve Bank is working on a new system for making public the list of wilful defaulters, while a new mechanism is being put in place for out-of-court settlement of bad loan-related disputes, Governor Raghuram Rajan said.
May 07, 2016, 23:33 PM IST
Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr
The number of wilful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.
May 04, 2016, 11:08 AM IST
SC for making public the loan default amount, RBI opposes
The Supreme Court on Tuesday favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover.
Apr 12, 2016, 22:35 PM IST
Pay dues honourably or face coercive action: FM to Mallya
In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face "coercive action" by lenders and investigative agencies.
Mar 28, 2016, 12:28 PM IST
Government to make wilful default a criminal offence
In order to tackle the crisis on bad loans, the Centre is contemplating a revamp on loan defaulters.
Mar 17, 2016, 10:46 AM IST
Won't write off any bad loans, defaulters won't be spared: Arun Jaitley
Finance Minister Arun Jaitley on Saturday said that defaulters will not be spared as the government will not write off any bad loans.
Mar 05, 2016, 17:08 PM IST
PSU banks register 1,624 FIRs against wilful defaulters
As many as 1,624 First Information Reports (FIRs) have been filed with regard to wilful defaults.
Dec 13, 2015, 17:47 PM IST
Economy recovering from serious challenges; expect banks to cut rate further: FM
Reserve Bank has cut repo rate by 0.75 percent since January but not all banks have passed on the benefit of lower interest rates to customers.
Jun 12, 2015, 13:29 PM IST
RBI's new mechanism for banks to check loan frauds
The RBI on Thursday put in place a new framework to check loan frauds including by way of early warning signals at banks and red flagging of accounts, while swindlers will have no access to further banking finance.
May 07, 2015, 22:16 PM IST
