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Jain said the bank will look at reducing its operational cost and sell non-core assets over a period of time.

IDBI Bank crafts turnaround plan; to focus on NPA recoveries

The bank's gross NPAs almost doubled to 21.25 per cent of the gross advances in the fourth quarter of the last fiscal.

25 May 2017 7:23 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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 refuses to disclose list of loan defaulters

Apex court had stated that the RBI is supposed to uphold public interest and not the interest of individual banks.

23 May 2017 2:39 PM IST

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

This is how RBI will deal with $150-bn bad loans

Only two weeks ago, government gave central bank greater power to tame bad loans.

23 May 2017 10:44 AM IST

Chief Economic Adviser Arvind Subramanian

Subramanian supports idea of national bad bank

CEA said that bailing out big borrowers will lead to the allegations of corruption and crony capitalism.

14 March 2017 2:13 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Resolution of NPAs is still work in progress: Jaitley

High NPA levels also impact the capacity of the banking system to support growth.

1 Jun 2017 3:28 PM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Reform measures to broaden tax base, cut debt: Moody's

GST will have a muted short-term impact, but its benefits will accrue over medium term.

1 Jun 2017 12:32 PM IST

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

Working on resolution of large NPA accounts: RBI

RBI changed the consent required for approval of a proposal to 60 per cent by value instead of 75 per cent earlier.

7 Jun 2017 8:20 PM IST

Several investment-linked sectors such as real estate and capital goods continue to face headwinds. (Representational image)

Elevated NPA levels in banks to remain: Crisil

These trends would also reduce slippages to NPAs in the banking sector in fiscal 2018.

4 April 2017 12:15 AM IST

NDB Chief KV Kamath. (Photo: File)

SBI merger good first step; scope for more consolidation: Kamath

Gross NPAs of public sector banks have risen from Rs 5.02 lakh crore at the end of March 2016.

2 April 2017 12:09 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPA resolution: PMO to review progress on June 19

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.

17 Jun 2017 12:47 PM IST

'Essar, Bhushan Steel among 12 defaulters on insolvency list'

RBI identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 cr of outstanding loans..

17 Jun 2017 12:31 PM IST

For the fiscal ended March 2017, the bank reported a net loss of Rs 2,439 crore, against a loss of Rs 1,418 crore in 2015-16.

Central Bank shares down 4 pc after RBI move

Net non-performing assets also jumped to 10.20 per cent of net advances for the fiscal from 7.36 per cent year ago.

15 Jun 2017 1:04 PM IST