Thu, Jul 20, 2023
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 5.13 per cent of gross advances at the end of the June quarter from 5.87 per cent a year ago.
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Sat, Apr 22, 2023
Its executive director Sandeep Batra told reporters that nearly half of its loans are linked to the repo rate, and get automatically repriced with every rate hike by the Reserve Bank, whereas the deposit rates increase with a lag, which helped the margins.
Thu, Nov 03, 2022
The state-owned lender posted a net profit of Rs 411 crore in the second quarter ended September of the current fiscal year, down by nearly 63 per cent from a year ago same period.
Wed, Sep 21, 2022
This was on the back of benefits from the proposed sale of NPAs to the National Asset Reconstruction Company Ltd (NARCL), recovery in economy post pandemic and higher credit growth.
Tue, Sep 13, 2022
Presenting India's case in terms of ease of doing business, he said post liberalisation, foreign direct investment in the insurance sector was raised from 26 per cent to 49 per cent in 2015 and further to 74 per cent in 2021.
Fri, Aug 26, 2022
The last date of submission of expression of interest is August 31, 2022 while the due diligence is to be completed by September 7, said the lender.
Sun, Aug 21, 2022
The bank under PCA faces RBI restrictions on dividend distribution, branch expansion, management compensation or requiring promoters to infuse capital.
Fri, Jul 29, 2022
"We expects to recover Rs 8,000 crore every quarter and would ensure that its recoveries are higher than fresh slippages," Punjab National Bank's Managing Director A K Goel said
Mon, Jul 18, 2022
Government and RBI (Reserve Bank of India) regularly issue guidelines and have taken several initiatives aimed at resolution of long-standing stressed assets on the books of banks as well as timely identification and recognition of stress immediately upon default and take corrective action for mitigation of the same.
Mon, Jul 11, 2022
Bank credit offtake is expected to pick up following normalisation of economic activities aided by the government thrust on public expenditure in current fiscal year, a report said.
Thu, Jun 16, 2022
Rao said, the pandemic saw the financial sector enjoying favourable momentum with an increase in liquidity, the flow of credit and normal spending on relief programmes.
Sun, Dec 05, 2021
SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore.
Tue, May 05, 2020
The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.
Mon, Apr 15, 2019
The brokerage report said for the past nine years, the banking system has grappled with non-performing assets, where ballooning credit costs impaired their capital, constrained credit supply, and was associated with a decline in credit and investment growth.
Sun, Jan 06, 2019
Mumbai-headquartered Pratap Cooperative Bank (PCoB) has notched a record of zero non-performing assets (NPAs) for 10 years. It has now been named for the Maharashtra State Cooperative Banks Association Ltd. (MSCBAL) 23rd award for last fiscal, an official said on Saturday.
Thu, Jan 03, 2019
PK Gupta, MD, State Bank of India, speaks about his expectation for 2019, outlook, NPAs, credit growth and capital raising plans during an interview with Swati Khandelwal, Zee Business. Excerpts:
Mon, Apr 02, 2018
Once NPA worries are over, focus will return to core activities of credit growth and operational profit but seemed to suggest that the ongoing frauds like the nearly Rs 12,900-crore Nirav Modi scam and allegations of quid pro-quo at ICICI Bank could play a dampener.
Wed, Jan 24, 2018
According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round. Infrastructure, metals and engineering goods were key contributors to the bad debt.
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
Sun, Aug 20, 2017
The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, from Rs 76,685 crore at the end of last fiscal 2015-16 -- up 20.4%.
Sat, Aug 19, 2017
Gross NPAs have crossed 9.6 per cent as of March 2017, while the stressed loans ratio is over 12 per cent.
Reserve Bank Governor Urjit Patel today called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 per cent of the system is not acceptable.
Tue, Aug 15, 2017
Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year.
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