On April 2, the SC had declared as 'ultra vires' the February 12 circular that mandated banks to label even a day's default as NPA.
06 Jun 2019 1:18 PM
During the fiscal, total reduction in NPA accounts stood at Rs 8,584.33 crore.
05 Jun 2019 1:35 PM
Stock of PNB traded at Rs 88.10 on BSE, down 1.34 per cent from its previous close.
28 May 2019 2:12 PM
Compared sequentially, there was a net profit of Rs 471.25 crore during the third quarter ended December 2018.
23 May 2019 9:00 AM
Among the longer-term reforms, Panagariya recommended reform of labour laws.
21 May 2019 11:50 AM
The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.
12 May 2019 5:09 PM
The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during corresponding January-March quarter 2017-18.
10 May 2019 2:43 PM
NCLAT has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.
02 May 2019 4:55 PM
Net profit for the whole financial year 2018-19 increased 45 per cent y-o-y at Rs 1951.50 crore.
02 May 2019 4:46 PM
The bank reported a loss of Rs 1,506.64 crore for fourth quarter ended March 31, owing to rise in provisioning for bad loans.
30 Apr 2019 1:16 PM
Despite the losses in the quarter, the bank board recommended a dividend of Rs 2 a share.
29 Apr 2019 12:37 PM
RBI is in very advanced stage and revised circular should be out before declaration of general elections result.
28 Apr 2019 2:59 PM
Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.
25 Apr 2019 7:54 PM
RBI has asked banks to disclose the IL&FS and group entities exposure in the notes to accounts in a standard proforma.
25 Apr 2019 9:02 AM
The petition has been listed for hearing on April 22 before a bench headed by Justice S A Bobde.
18 Apr 2019 1:44 PM
NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.
17 Apr 2019 8:53 AM
The level of non-performing loans (NPLs) in India remains high.
11 Apr 2019 10:21 AM
The e-auction for the NPA accounts -- Kamachi Industries and SNS Starch --is scheduled for April 25, 2019.
08 Apr 2019 2:56 PM
The ruling came on a petition filed by 34 power companies which alone owe Rs 2.3 lakh crore to banks.
03 Apr 2019 2:22 PM
Uttar Pradesh has the most outstanding dues of Rs 6,497 crore, followed by Maharashtra at Rs 6,179 crore.
24 Mar 2019 3:05 PM