Finance Ministry to set up high-level panel to tackle NPAs
Concerned over mounting bad loans, the government is planning to set up a high-level panel to effectively deal with the issue, said a senior Finance Ministry official.
Nov 27, 2015, 14:24 PM IST
NPAs Of 37 Banks Record 26.8% Increase In Last One Year
In last one year 37 banks including public banks have shown an increase in NPAs by 26.8% due to halted Infrastructure projects.
Nov 25, 2015, 18:50 PM IST
Clean up balance sheets, you have all powers to deal with wilful defaulters: FM Jaitley to banks
Finance Minister Arun Jaitley Monday asked state-owned banks to clean up their balance sheets at the earliest, stressing that they have all the powers to deal with wilful defaulters.
Nov 23, 2015, 22:28 PM IST
ICRA says NPAs under control, pegs it down at 5.5% from 5.9%
The days of continuously rising bad loans are over for the banks and they are set for revival with an improvement in their gross stressed assets, says rating agency ICRA.
Nov 23, 2015, 20:38 PM IST
Arun Jaitley to meet PSB heads Monday; NPAs, rate cut on agenda
The performance review meeting of public sector banks (PSBs) will also take stock of the credit flow to productive sectors to spur economy and review of 'Indradhanush', the seven-pronged strategy to revive PSBs, sources said.
Nov 22, 2015, 11:12 AM IST
Companies to undergo tougher screening for loan approval from banks, financial institution
Looking at the high non-performing -assets of banks and financial institutions, government has made the loan approval norms for companies more stringent.
Oct 26, 2015, 09:41 AM IST
OBC net plummets 29% at Rs 257.84 crore
The bank reported a net profit of Rs 364.54 crore in the corresponding period of the previous fiscal, OBC said in a BSE filing on Thursday.
Jul 30, 2015, 12:59 PM IST
44 corporate borrowers owed over Rs 5K crore each to five PSBs
The government on Tuesday said as many as 44 corporate borrowers had taken loans in excess of Rs 5,000 crore each from public sector banks as of March 2015.
Jul 21, 2015, 17:25 PM 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
PSU banks need higher capitalisation for dealing with NPAs
"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said here.
Jul 06, 2015, 15:37 PM IST
FM Jaitley's plain speak with banks, asks them to cut rates
"The Finance Minister asked the CEOs of both the public and private banks to effect a corresponding rate cut of 75 basic points in response to RBI rate cut of same basis points since January," an official statement said.
Jun 12, 2015, 18:33 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
ICRA sees NPAs soaring by up to 1.50% to 5.9% this fiscal
Domestic rating agency ICRA today said gross NPAs in the system may jump up to 5.9 percent this fiscal from 4.4 percent despite economic growth because of lagged recognition of bad assets which is resulting in slippage of more restructured accounts into dud loans.
Jun 08, 2015, 22:36 PM IST
FM Jaitley to meet heads of PSU banks this week
The meeting will review credit offtake and the progress made under the Jan Dhan Yojana and Prime Minister social security scheme among other things, sources said.
Jun 07, 2015, 14:27 PM IST
RBI gives more leeway to banks on NPAs sales
The Reserve Bank Thursday extended the time-frame to spread over the shortfall arising out of sale of bad assets to securitisation companies/asset reconstruction companies at a price below the net book value, to March 2016.
May 21, 2015, 22:45 PM IST
Bank of Maharashtra Q4 profit jumps two-fold to Rs 113cr
The scrip ended 1.74 percent up at Rs 37.90 on BSE.
May 14, 2015, 18:42 PM IST
ICICI Bank Q4 net profit up 13.2%, forex gain jumps, NPAs soar
Private sector lender ICICI Bank Monday reported a 13.24 percent increase in its March quarter consolidated net profit at Rs 3,084.92 crore even as bad loans and provisions increased.
Apr 27, 2015, 15:17 PM IST
No stake sale in PSBs at current distressed valuation: Jayant Sinha
The government on Monday said it will not dilute stake in public sector banks at current distressed valuation.
Apr 06, 2015, 23:55 PM IST
Dena Bank plans lower price to sell around Rs 500 cr NPAs
The bank, which is still fighting high bad loans, had put on auction Rs 400-500 crore of stressed assets in the last quarter for asset reconstruction companies (ARCs).
Apr 05, 2015, 13:38 PM 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
