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The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI to sell 8 NPAs to recover dues worth over Rs 3,900 crore

SBI's gross NPAs rose to 10.69 per cent of the total advances at the end of June this year, as against 9.97 per cent a...

18 Sept 2018 10:14 AM IST

The agency had retained its negative outlook on mid-sized and smaller PSBs with weak capitalisation.

PSBs put up Rs 8,500 crore bad loans on block

State-run banks have made a total recovery of Rs 36,551 crore in the first quarter of 2018-19.

17 Sept 2018 12:38 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

NPA resolution not to liquidate cos, but to help save them: Jaitley

Gross NPAs have crossed 9.6 per cent as of March 2017 while stressed loans ratio is over 12 per cent.

19 Aug 2017 1:48 PM IST

Jaypee group is selling its assets to reduce debt.

NCLT admits insolvency petition of IDBI against Jaypee Infra

Allahabad bench of NCLT has admitted the petition filed by IDBI Bank under Section 7 of Insolvency and Bankruptcy Code...

11 Aug 2017 11:40 AM IST

Panic among people during the initial days (of demonetisation) had led customers rushing to banks and deposit their money. (Photo: Representational Image/PTI)

Bank stocks surge up to 9 pc on NPA resolution push

Public sector banks are saddled with NPAs or bad loans to the tune of a staggering Rs 6 lakh crore.

4 May 2017 12:16 PM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Indian banks' bad loans may rise to 15 pc by Mar 2018: S&P

Government has promised to infuse Rs 70,000 crore into its PSU banks over 2016-2019.

30 May 2017 5:35 PM IST

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank Q1 net up 10 per cent to Rs 251 crore

Total income of the bank grew to Rs 12,304.10 crore for the June quarter of 2017-18 as against Rs 11,786.35 crore.

19 July 2017 5:57 PM IST

SBI chief Arundhati Bhattacharya

SBI sees no bad loans surprise after merger with units

Merger of five SBI sister banks is seen as beginning of consolidation in India's public sector banks.

3 April 2017 3:25 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Finance Ministry to name 12 loan defaulters identified by RBI

The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings.

14 Jun 2017 7:56 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI examining relaxing NPA classification limit beyond 90 days

As per some estimates, banks are sitting on unrecognised stressed loans worth Rs 7.7 lakh crore in corporate and SME...

13 Jun 2017 6:26 PM IST

Prime Minister Narendra Modi addresses the St. Petersburg International Economic Forum in St.Petersburg. (Photo: AP)

Stressed balance sheets cast cloud over India rebound

Private capital investments contracted 2.1 per cent in first three months of this year despite surge in govt spending.

9 Jun 2017 9:25 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank sets up dept to manage bad loans

IDBI Bank's annual loss for 2016-17 widened to Rs 5,158 crore, as against Rs 3,665 crore in the previous fiscal.

8 Jun 2017 5:52 PM IST