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The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

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.

1 Jun 2018 6:49 PM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

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.

4 Jun 2018 2:09 PM IST

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

IDBI Bank Q1 loss widens to Rs 2,410 crore

IDBI Bank posted a loss of Rs 853 crore in the April-June quarter of last fiscal, 2017-18.

14 Aug 2018 4:12 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 eyes return to profitability in third-quarter

SBI's gross non-performing loans eased quarter on quarter to 2.13 trillion rupees by the end of June.

11 Aug 2018 10:13 AM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank shares soar nearly 9 pc; m-cap rises by Rs 9,519 crore

Buying was also seen in other bank stocks, with Axis Bank surging 3.86 per cent and SBI rising 2.53 per cent on BSE.

9 Aug 2018 6:33 PM 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 eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Govt, banks may have to float USD 9 billion AMC/ARC

The government will have to infuse $26.5 billion into the state-run banks (excluding SBI) in FY19-20.

29 Aug 2018 8:35 AM IST

PM Narendra Modi with MoS Manoj Sinha during the launch of India Post Payments Bank in New Delhi on Saturday. (Photo:G.N. JHA)

PM Modi blames Congress for bad loan mess, vows recovery

Launches India Post Payments Bank with network of 1.55 Lakh branches.

2 Sept 2018 4:46 AM IST

Punjab National Bank (PNB) is also among probable names for consolidation. (Photo: Representational/PTI)

'Ailing' PSU banks get Cabinet nod for consolidation

Consolidated bad loans or non-performing assets of these banks stand at Rs 8-11 lakh crore.

23 Aug 2017 3:52 PM IST

Finance Minister Arun Jaitley and RBI governor Urjit Patel at an undated event. (Photo: PTI)

Give more funds to banks to end bad loans crisis: Patel

Patel says extra funds could be raised at market and through govt diluting its stake in state-run banks.

19 Aug 2017 1:14 PM IST

Reserve Bank Governor Urjit Patel. (Photo: PTI)

NPA resolution: RBI chief calls for recapitalisation of banks

Gross NPA ratio of the banking system at 9.6 per cent and stressed advances ratio at 12 per cent as of March 2017.

19 Aug 2017 1:13 PM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

Long-term lenders a must for India's industrial growth

The bad loans in the Indian banking system have risen by nearly 6.5 times to Rs 6.15 lakh crore.

4 Aug 2017 3:50 AM IST