Search For "bad loans"
PNB reports net loss of Rs 4,750 cr in Q4 due to higher provisioning for b
Updated : 6 years, 10 months ago IST
New Delhi [India], May 28 (ANI): Government-owned Punjab National Bank (PNB) on Tuesday reported a net loss of Rs 4,750 crore in the fourth quarter of 2018-19, largely due to higher provisioning for bad loans.
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Syndicate Bank reports net loss of Rs 2,587 crore in FY 19
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 11 (ANI): Government-owned Syndicate Bank suffered a net loss of Rs 2,587 crore during 2018-19 on account of bad loans compared to a net loss of Rs 3,223 crore in the previous fiscal year.
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ICICI Bank Q4 profit drops 5 pc due to higher provisioning for bad loans
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 6 (ANI): Private lender ICICI Bank on Monday posted a 5 per cent drop in profit at Rs 969 crore in the quarter ended March 31 due to higher expenses.
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IBC helping banking sector clean up bad loans: Jaitley
Updated : 7 years, 4 months ago IST
New Delhi [India], Oct 27 (ANI): Union Finance Minister Arun Jaitley on Saturday said the Insolvency and Bankruptcy Code (IBC) is helping the banking sector of the country in cleaning up bad loans, adding that the fear of the IBC has made defaulters approach their respective banks to clear t
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Smriti Irani corners Congress for NPA crisis, National Herald scam
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 11 (ANI): Union Textiles Minister Smriti Irani on Tuesday launched a scathing attack on the Congress over former Reserve Bank of India (RBI) governor Raghuram Rajan's remarks that most bad loans that account for Indian banks' Non Performing Assets (NPA) originated duri
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Chidambaram asks PM Modi to reveal number of bad loans under NDA
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 02 (ANI): Former finance minister P Chidambaram on Sunday hit back at Prime Minister Narendra Modi on his recent remarks on loans given during the United Progressive Alliance (UPA) regime, asking the National Democratic Alliance (NDA) government to reveal the number
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Govt will set up system to tackle bad loans: Piyush Goyal
Updated : 7 years, 9 months ago IST
Mumbai (Maharashtra) [India], Jun 8 (ANI): Union Railways and Coal Minister Piyush Goyal, who is also holding the finance portfolio for a brief period, said on Friday the government is committed to supporting all state-run banks and will set up a dedicated mechanism to tackle bad loan issues
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RBI slaps Rs.3 Cr monetary penalty on IDBI bank
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 12 (ANI): The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.
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Tech-based approach can help NBFCs meet credit demand: Study
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 7 (ANI): Amid increasing pressure on the banking system due to bad loans and NPAs, an ASSOCHAM-PwC joint study noted that in order to meet credit demand, non-banking financial companies (NBFCs) in India could explore investments in newer technology, particularly in the
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Jaitley to meet PSB chiefs today to assess NPA situation
Updated : 8 years, 7 months ago IST
New Delhi [India], June 12 (ANI): Finance Minister Arun Jaitley is scheduled to meet the heads of the Public Sector Banks (PSBs) on Monday to discuss the current situation of non-performing assets (NPAs) and the measures being taken to recover voluminous bad loans worth over Rs six lakh cror
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IDBI Bank on RBI's radar for bad loans
Updated : 8 years, 7 months ago IST
New Delhi [India], May 10 (ANI): The Reserve Bank of India (RBI) on Wednesday invoked prompt corrective action (PCA) on government-owned IDBI Bank due to its bad loans and return on assets (ROA).
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ICICI Bank Q4 profit jumps three fold; bad loans up 26 pct
Updated : 8 years, 7 months ago IST
New Delhi [India], May 4 (ANI): Country's largest private sector lender ICICI Bank on Thursday announced its fourth quarter standalone profit up 188.4 percent (nearly three-fold) to Rs. 2,024.6 crore.
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