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Punjab National Bank (PNB) is also among probable names for consolidation. (Photo: Representational/PTI)

'Ailing' PSU banks get Cabinet nod for consolidation

Consolidated bad loans or non-performing assets of these banks stand at Rs 8-11 lakh crore.

23 Aug 2017 3:52 PM IST

State Bank of India

NPAs eat into SBI's profit after merger

This is the first quarterly result from SBI after merging with five of its associate banks with it from April 1, 2017.

12 Aug 2017 3:47 AM IST

Panic among people during the initial days (of demonetisation) had led customers rushing to banks and deposit their money. (Photo: Representational Image/PTI)

7 PSU banks get new heads; MDs of PNB, BoI shifted

Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-Dec 2016-17.

6 May 2017 11:26 AM IST

Union Finance Minister Arun Jaitley during a conversations on C Peter Mc Colough Series on International Economics at Council on Foreign Relations in New York City. (Photo: PTI)

RBI given more powers to tackle NPAs: Arun Jaitley

President Pranab Mukherjee last night signed ordinance to amend Banking Regulation Act.

5 May 2017 6:05 PM IST

Prime Minister Narendra Modi. (Photo: PTI)

Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

5 May 2017 5:53 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Bad loans ordinance: RBI gets powers for 'clean banks'

With sweeping powers, central bank can now give ditections to banks to resolve huge bad loans issue.

5 May 2017 3:10 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

IDBI Bank on RBI's radar for bad loans

RBI may also impose restrictions on the bank on borrowings from interbank market.

10 May 2017 2:01 PM IST

Dena Bank is a public sector bank,

Dena Bank loss widens to Rs 575 crore as NPA rises

Bank had reported a loss of Rs 326.38 crore in same period of previous fiscal.

9 May 2017 5:21 PM IST

Finance minister Arun jaitley

New anti-graft law to protect honest civil servants: Jaitley

He said the amendments to the anti-graft law have been brought to Parliament to which the select committee has suggested...

26 March 2017 9:18 AM IST

Finance minister ArunJaitley

Arun Jaitley chairs high-level meet on bank NPAs

As on Sept 30, 2016, gross NPAs of public sector banks rose to Rs 6.3 lakh crore.

9 March 2017 2:15 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