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State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sept 2018 10:19 AM IST

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

Banks asked to set up one platform for sale of loan defaulters' assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

12 Sept 2018 11:37 AM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

NPAs rise, Jaitley to meet bank bosses to review scenario

26 banks together both private and public reporting gross NPAs of over Rs 7.31lakh crore.

12 Sept 2018 8:54 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

Rajan drops a bombshell; Cong in dock, flags MUDRA, farm loan waiver...

A brutal exposition of all the warts that adorn India's perilously poised banking system.

12 Sept 2018 8:48 AM IST

Raghuram Rajan blames 'over optimistic bankers' for mounting bad loans

A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong.

11 Sept 2018 10:21 AM IST

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 to sell 8 NPAs to recover dues worth over Rs 3,900 crore

SBI's gross NPAs rose to 10.69 per cent of the total advances at the end of June this year, as against 9.97 per cent a...

18 Sept 2018 10:14 AM IST

Finance Minister Arun Jaitley (Photo: PTI)

NPA resolution not to liquidate cos, but to help save them: Jaitley

Gross NPAs have crossed 9.6 per cent as of March 2017 while stressed loans ratio is over 12 per cent.

19 Aug 2017 1:48 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Wilful defaulters owe Rs 92,000 crore to PSU banks

Outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17.

15 Aug 2017 2:58 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).

Rising NPAs in MSME sector in West Bengal worrisome: SBI

Till March 2017 SBI accounted for 33 per cent of all the MSME advances made in the state.

10 Aug 2017 4:09 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 swings into black in Q1 on lower NPAs

Net NPAs or bad loans also fell to 6.70 per cent of the net advances by June end this year.

9 Aug 2017 2:34 PM IST

The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

Bankers review progress of 12 large NPA accounts under IBC

IAC has referred all accounts whose fund and non-fund based loans are greater than Rs 5,000 crore.

8 Aug 2017 9:19 AM IST

Former Reserve Bank of India Governor C Rangarajan

Bank merger should be need-based, says ex-RBI chief Rangarajan

On NPA resolution, C Rangarajan said, clean-up exercise has to be done and some 'haircut' is inevitable.

11 July 2017 4:54 PM IST