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Union finance ministry Arun Jaitley

Jaitley defends loan write-offs; says they don't lead to waiver

The country's 21 state-owned banks wrote-off Rs 3.16 lakh crore of loans in four years of the BJP govt.

2 Oct 2018 9:16 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

SBI net profit slips 69 per cent to Rs 576 crore in Q2

The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal.

5 Nov 2018 4:34 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

CIC issues show-cause notice to RBI governor Urjit Patel

Show-cause notice to Urjit Patel for

5 Nov 2018 10:48 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar

The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.

2 Nov 2018 1:24 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI expects loan demand to rise with government spending

Next tranche of capital allocation will be strictly based on performance of banks against reform measures suggested by...

25 Jan 2018 10:05 AM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Govt to infuse over Rs 88,000 crore in 20 public banks

During the current fiscal, ending March 31, SBI will get Rs 8,800 cr capital and Bank of India, Rs 9,232 crore.

24 Jan 2018 5:02 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 third-quarter profit slumps 61 per cent

Net profit came in at 1.26 billion rupees for quarter ended Dec 31, compared with 3.22 billion rupees a year ago.

24 Jan 2018 4:37 PM IST

IndusInd Bank Ltd has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd.

IndusInd Bank Q3 net rises 25 per cent to Rs 936.25 crore

Interest earned by the bank jumped about 16 per cent in the quarter to 42.87 billion rupees.

11 Jan 2018 2:28 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI puts Allahabad Bank under prompt corrective action

Central bank has so far ordered corrective action for about 10 lenders, mostly due to their high bad loan ratios.

4 Jan 2018 11:14 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI's new NPA norms may undermine bank earnings: Fitch

The new framework's overall focus is on recognising and quickly resolving bad loans.

22 Feb 2018 3:27 PM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

Lead by PSBs, NPAs soar 34.5 pc in Q3; pain to linger on: report

PSBs had a weaker performance on various indicators, including key parameter of NPAs and also profitability.

13 Feb 2018 5:26 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI wrote off bad loans worth over Rs 20,000 cr last fiscal

PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.

12 Feb 2018 12:01 PM IST