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The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore

The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.

12 July 2019 9:34 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Budget 2019: NPAs worth Rs 4 lakh crore recovered in past four years

Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs.

5 July 2019 12:59 PM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

5 July 2019 9:39 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Economic Survey: Banking sector performance improved due to fall in...

The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth...

4 July 2019 1:06 PM IST

Citing rules, Sitharaman stated that Section 178(5) and 178(6) of the Companies Act. (Photo: ANI)

Govt considering giving more powers to RBI to regulate NBFCs:...

As on June 23, 2019, 9,643 NBFCs were registered with RBI.

1 July 2019 5:06 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)

From 27 to 12, Finance Minister announces mega PSU bank mergers

Non-performing assets have also been brought down from Rs 8.65 lakh crore to Rs 7.9 lakh crore.

30 Aug 2019 4:55 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank shares tank over 12 per cent after Q1 earnings

The scrip tanked 12.33 per cent to touch its 52-week low at Rs 23.80 on the BSE.

16 Aug 2019 1:50 PM IST

Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

12 Aug 2019 5:06 PM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

Rs 3 tln of capital infusion only helped PSBs trim losses, not drive...

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing...

9 Aug 2019 9:14 AM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Finance Minister Sitharaman to meet CEOs of PSU banks on Friday

The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.

1 Aug 2019 10:18 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

No stressed MSME loan to be declared NPA till March 2020: FM

FM said banks have been asked to follow that circular and not declare any stressed MSME loan as NPA till March.

19 Sept 2019 8:24 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr

The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA...

9 Sept 2019 10:06 AM IST