Bad Loans | The Asian Age

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The panel of bankers was formed last month as lenders, already burdened by a near-record 9.5 trillion rupees of soured loans as of last year.

India bankers panel suggests steps to tackle bad loans

The bad loans problem, driven largely by infrastructure sectors including power.

03 Jul 2018 9:16 AM

Finance minister Piyush Goyal (Photo: PTI)

Govt unveils plan on bad loans that protects jobs

Finance minister Piyush Goyal said that the plan focuses on turning around assets in a manner that will not lead to job losses.

03 Jul 2018 6:21 AM

The bank has a market capitalisation of nearly Rs 23,000 crore while its real estate assets as well as its investment portfolio are estimated to be worth over Rs 20,000 crore.

LIC may enter banking sector; eyes majority stake in IDBI Bank

The deal is expected to provide business synergies despite the lender's stressed balance sheet.

27 Jun 2018 1:06 PM

PSBs set 2020 as deadline to exit RBI’s PCA watch

Top officials of the banks made presentations before the panel and responded to queries.

27 Jun 2018 3:13 AM

Public sector banks have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:15 PM

The country's largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.

SBI to auction 12 bad accounts this month to recover over Rs 1325 cr

The lender's gross non-performing assets or bad loans as on March 31, 2018, reached Rs 2.23 lakh crore.

10 Jun 2018 12:58 PM

Around 19 of the 21 state-run banks have reported losses for the fiscal, including country's largest lender State Bank of India.

Govt plans merger of four public sector banks to overcome losses

Asset quality of the bank worsened as gross non-performing assets or bad loans surged.

04 Jun 2018 2:09 PM

The country's second largest PSU bank has suffered a loss of over Rs 14,000 crore on account of fraud carried out allegedly jewellery designer Nirav Modi.

PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 cr

Moody's Investors Service had last month downgraded PNB's rating citing impact of the recent USD 2 billion fraud.

01 Jun 2018 6:49 PM

Net NPAs were at 15.33 per cent of net loans, up from 13.99 per cent in the last quarter of 2016-17.

Indian Overseas Bank's Q4 net loss widens to Rs 3,606.73 cr

Shares of Indian Overseas Bank were trading 2.40 per cent lower at Rs 16.25 apiece on BSE.

30 May 2018 9:55 AM

Bank of India on Monday reported widening of its net loss to Rs 3,969.27 crore in the March quarter due to higher provisioning for mounting bad loans.

Bank of India Q4 loss widens to about Rs 4,000 crore on bad loans

The gross non-performing assets (NPAs) hit 16.58 per cent of the gross advances, as against 13.22 per cent by end March 2017.

28 May 2018 6:35 PM

Country's largest lender SBI will be the biggest beneficiary of resolution of debt-ridden Bhushan Steel as its bottomline will go up by as much Rs 1,300 crore.

SBI biggest beneficiary of Bhushan Steel sale to Tatas

Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.

22 May 2018 7:40 PM

The country's largest lender SBI on Tuesday posted a standalone net loss of Rs 7,718.17 crore for the March quarter due to higher non-performing assets (NPAs).

SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

The bank had reported a net profit of Rs 2,814.82 crore in the corresponding period of 2016-17.

22 May 2018 2:32 PM

Shares of Syndicate Bank on Tuesday tumbled over 12 per cent after the company reported a net loss of Rs 2,195.12 crore in the quarter ended March 2018.

Syndicate Bank shares slump over 12 pc on weak Q4 earnings

The bank had posted a net profit of Rs 103.84 crore in the corresponding January-March quarter of 2016-17.

16 May 2018 5:05 PM

Scam hit Punjab National Bank (PNB) on Tuesday posted largest ever quarterly loss of Rs 13,416.91 crore.

Punjab National Bank posts biggest ever quarterly loss of Rs 13,417 cr

The bank had reported a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17.

15 May 2018 4:02 PM

Two independent directors Ninad Karpe and S Ravi have resigned from the board of state-owned IDBI Bank.

Two independent directors of IDBI Bank quit

Karpe and Ravi cease to be independent directors of IDBI Bank with effect from May 11 and May 12 respectively.

15 May 2018 1:52 PM

South Indian Bank on Monday reported a jump of 51 per cent in net profit at Rs 114.10 crore for March quarter.

South Indian Bank Q4 net profit jumps 51 pc at Rs 114 crore

The bank's net profit during January-March, 2016-17 stood at Rs 75.54 crore.

14 May 2018 4:13 PM

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

Union Bank of India sees improvement after USD 384 million loss

Twenty one banks majority owned by New Delhi account for bulk of India’s bad loans.

11 May 2018 12:04 PM

Kotak Mahindra Bank Ltd, India’s fifth-biggest private sector bank by assets, on Monday reported a 15 per cent rise in fourth-quarter net profit.

Kotak Mahindra Bank Q4 profit rises 15 per cent

Gross bad loans as a percentage of total loans dropped to 2.22 per cent by end-March.

30 Apr 2018 3:31 PM

Private sector Axis Bank on Thursday reported a net loss of Rs 2,188.74 crore for the quarter ended March 2018 due to higher provisioning for bad loans. (Photo:PTI)

Axis Bank posts net loss of Rs 2,189 cr in Q4

Also for the entire fiscal 2017-18, the bank's a net profit fell by 92.5 per cent to Rs 275.68 crore.

26 Apr 2018 7:24 PM

PNB to hire detective agencies to locate untraceable borrowers

PNB has invited applications for empanelment of detective agencies to locate its untraceable borrowers.

25 Apr 2018 3:53 PM

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Shobhaa De