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Business

PNB Housing Finance Q4 net profit up 44 per cent

Net interest income for the year rose to Rs 1,592.6 crore as against Rs 1,034.8 crore registering a growth of 54 per...

3 May 2018 6:05 PM IST

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

Business

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:15 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

Next parliamentary panel meeting on finance to be held on June 19

The standing committee meeting is likely to discuss ways to tackle the growing menace of chit fund agencies.

12 Jun 2018 7:11 PM IST

Business

SBI to auction 12 bad accounts this month to recover over Rs 1325 cr

The lender's gross non-performing assets or bad loans as on March 31, 2018, reached Rs 2.23 lakh crore.

10 Jun 2018 12:58 PM IST

Business

NPA situation likely to worsen further, says Reserve Bank of India

The RBI said stress in the banking sector continues as gross non-performing advances ratio rises further.

26 Jun 2018 7:01 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.

Business

State-run banks wiped out the USD 13-billion capital infusion by the...

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

1 Jun 2018 3:36 PM IST

The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.

Business

Banks gross NPA may peak at around 11.5 pc this fiscal: Crisil

GNPAs increased to around Rs 10.3 lakh crore, or 11.2 per cent of advances compared with Rs 8 lakh crore.

5 Jun 2018 3:52 PM IST

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

Business

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

India

Bank officials to brief parliamentary panel on Non-Performing Assets,...

The Parliamentary Standing Committee on Finance has called the Indian Banks' Association officials to appear before it...

3 Jun 2018 9:13 PM IST

Business

SBI shares tumble over 5 per cent on Q1 hefty loss of Rs 4,876 cr

The bank had earned a net profit of Rs 2,006 crore in the April-June period of the previous fiscal.

10 Aug 2018 3:37 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Business

Govt aid will give capital relief to banks, but stress will remain:...

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

21 Aug 2018 2:11 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs...

29 Aug 2018 3:40 PM IST