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Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

PSBs recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18:...

Write-offs of NPAs is a regular exercise of the banks to clean up their balance sheet, tax benefit and capital...

14 Dec 2018 5:57 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

The bank had reported a net profit of Rs 2,814.82 crore in the corresponding period of 2016-17.

22 May 2018 2:32 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

Bank of India Q4 loss widens to about Rs 4,000 crore on bad loans

The gross non-performing assets (NPAs) hit 16.58 per cent of the gross advances, as against 13.22 per cent by end March...

28 May 2018 6:35 PM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

RBI governor to brief parliamentary panel on mounting NPAs

Patel will talk about the conditions of nationalised banks in view of rising NPAs and the future course of action to...

27 May 2018 5:02 PM IST

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., has announced a new feature hybrid flexi option.

Bajaj Finance Q4 net profit jumps 61 per cent to Rs 721 crore

It had registered a net profit of Rs 449 crore in the same period a year earlier.

17 May 2018 4:36 PM IST

Karnataka Bank on Tuesday reported 92 per cent slump in net profit at Rs 11 crore for the March quarter due to multi-fold jump in provisioning for bad assets.

Karnataka Bank Q4 net dives 92 pc as NPA provisioning swells

Provisioning amount for the full year more than doubled at Rs 1,163.01 crore against Rs 527.85 crore in the preceding...

15 May 2018 5:45 PM IST

Standard & Poors is an American financial services company. (Photo: File)

Banking sector could witness turnaround in FY20: S&P

Demonetisation and GST implementation hurdles and continuing global recovery provide the stimuli to the country's trade...

21 March 2018 5:29 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 issues corrective framework for PSBs

RBI has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks.

17 March 2018 1:14 PM IST

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank widens Q4 net loss at Rs 1225 cr as bad assets soar

For the entire fiscal, 2017-18, the bank has posted a net loss of Rs 1,923.15 crore.

11 May 2018 5:22 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI refuses to ease NPA norm, shocks power sector

RBI is not in favour of any special forbearance for the sector that would have prevented the loans from being...

9 May 2018 12:59 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

PSBs need to pass reform test for recapitalisation

Till March 31, 2018, the finance ministry disbuÂ¬rÂ¬sed Rs 88,000 crore under the plan.

9 May 2018 8:24 AM 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)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 March 2018 3:50 PM IST