Federal Bank Posts 28% Jump In December Quarter Profit, Beats Street Estimates
Business | Thomson Reuters | Thursday January 17, 2019
Asset quality was largely stable, with gross bad loans as a percentage of total loans at 3.14 per cent at the end of December, compared to 3.11 per cent in the previous quarter and 2.52 per cent a year earlier.
RBI Cautions Government Over Spike In Bad Loans Under Mudra Scheme: Report
Business | Indo-Asian News Service | Sunday January 13, 2019
The RBI has said that the spike in NPAs under the Pradhan Mantri Mudra scheme has taken the bad loans to Rs 11,000 crore. The Mudra scheme was launched on April 8, 2015. Under the scheme, banks are required to finance micro and small entrepreneurs for up to Rs 10 lakh.
IndusInd Bank Profit Rises 5% In December Quarter
Business | Thomson Reuters | Wednesday January 9, 2019
Gross bad loans as a percentage of total loans stood at 1.13 per cent at the end of December, compared with 1.09 per cent in the previous quarter and 1.16 per cent a year earlier.
IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report
Business | Thomson Reuters | Wednesday January 9, 2019
In October, the government took control of IL&FS, after a string of defaults on debt obligations by the infrastructure financing and construction company spooked domestic markets.
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Business | NDTV Profit Team | Thursday January 3, 2019
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
Banks Likely To Recover Bad Loans Worth Rs 70,000 Crore By March-End: Arun Jaitley
Business | Thomson Reuters | Thursday January 3, 2019
Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, Jaitley said.
Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger
Business | Thomson Reuters | Thursday January 3, 2019
Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each, while Vijaya Bank shareholders would get 402 Bank of Baroda shares of Rs 2 each for every 1,000 shares of Rs 10 each. Last year, the government revealed plans to merge state-run Dena Bank, Vijaya Bank and Bank of B...
Banks' Gross Bad Loans Improved To 10.8% In September: Reserve Bank of India
Business | Press Trust of India | Monday December 31, 2018
The net NPAs ratio also witnessed a fall at 5.3 per cent in September 2018 as against 6.2 per cent in March 2018, RBI said in its Financial Stability Report.
Banking Sector On "Course To Recovery" As Bad Loans Fall: RBI Governor Shaktikanta Das
Business | Press Trust of India | Monday December 31, 2018
According to RBI's report, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018.
Non-Performing Assets Hit Banks' Profitability In 2018: Reserve Bank Of India
Business | Indo-Asian News Service | Saturday December 29, 2018
The consolidated balance sheet of NBFCs expanded in 2017-18 and during the first-half of 2018-19, the RBI said.
Action Taken Against Over 6,000 Public Sector Bank Officials For Bad Loans: Arun Jaitley
Business | Press Trust of India | Friday December 28, 2018
The 19 nationalised banks, including PNB and Canara Bank, reported a net loss of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the similar period of 2017-18.
Bad Loans Worth Rs 60,730 Crore Recovered In 6 Months
Business | Thomson Reuters | Thursday December 20, 2018
Financial Services Secretary said the government would give funds to four to five banks under a PCA plan after considering their financial results.
Arvind Subramanian Calls For A "Grand Bargain" To Fix Bad Loans Crisis
Business | Indo-Asian News Service | Monday December 3, 2018
"Fundamental reform of the PSBs (public sector banks) is facilitated by allowing majority private-sector participation in the PSBs," Mr Subramanian says.
Bad Loans Are Results Of Congress Government's Misdeeds: Amit Shah
India News | Press Trust of India | Friday November 30, 2018
BJP chief Amit Shah targeted Congress president Rahul Gandhi on Friday for raising the issue of bank loans and non-performing assets (NPA) in poll rallies, saying those were the results of the misdeeds of the previous Congress-led government.
IDBI Bank Reports Eighth Straight Quarterly Loss On Higher Provisions
Business | Thomson Reuters | Wednesday November 14, 2018
Provisions for bad loans at IDBI Bank, which has the highest bad loan ratio in the sector, jumped 92.9 per cent to Rs 5,482 crore.
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End
Jan 3, 2019
Majoritarianism Divides, Raghuram Rajan Tells Prannoy Roy
Dec 16, 2018
"RBI's Independence Vital, Should Not Be Politicised": Arvind Subramanian
Dec 8, 2018
The Biggest Stories Of October 30, 2018
Oct 30, 2018
I'm Against Violence, Vigilantism: Union Minister Jayant Sinha
Oct 20, 2018
IL&FS Crisis: Are Your Savings Being Used For Bailouts?
Oct 1, 2018
Walk The Talk With Arundhati Bhattacharya (Aired: March, 2016)
Sep 14, 2018
How Can Banking Sector Be Cleaned Up?
Jul 6, 2018
RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Jun 12, 2018
Federal Bank Posts 28% Jump In December Quarter Profit, Beats Street Estimates
Business | Thomson Reuters | Thursday January 17, 2019
Asset quality was largely stable, with gross bad loans as a percentage of total loans at 3.14 per cent at the end of December, compared to 3.11 per cent in the previous quarter and 2.52 per cent a year earlier.
RBI Cautions Government Over Spike In Bad Loans Under Mudra Scheme: Report
Business | Indo-Asian News Service | Sunday January 13, 2019
The RBI has said that the spike in NPAs under the Pradhan Mantri Mudra scheme has taken the bad loans to Rs 11,000 crore. The Mudra scheme was launched on April 8, 2015. Under the scheme, banks are required to finance micro and small entrepreneurs for up to Rs 10 lakh.
IndusInd Bank Profit Rises 5% In December Quarter
Business | Thomson Reuters | Wednesday January 9, 2019
Gross bad loans as a percentage of total loans stood at 1.13 per cent at the end of December, compared with 1.09 per cent in the previous quarter and 1.16 per cent a year earlier.
IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report
Business | Thomson Reuters | Wednesday January 9, 2019
In October, the government took control of IL&FS, after a string of defaults on debt obligations by the infrastructure financing and construction company spooked domestic markets.
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Business | NDTV Profit Team | Thursday January 3, 2019
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
Banks Likely To Recover Bad Loans Worth Rs 70,000 Crore By March-End: Arun Jaitley
Business | Thomson Reuters | Thursday January 3, 2019
Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, Jaitley said.
Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger
Business | Thomson Reuters | Thursday January 3, 2019
Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each, while Vijaya Bank shareholders would get 402 Bank of Baroda shares of Rs 2 each for every 1,000 shares of Rs 10 each. Last year, the government revealed plans to merge state-run Dena Bank, Vijaya Bank and Bank of B...
Banks' Gross Bad Loans Improved To 10.8% In September: Reserve Bank of India
Business | Press Trust of India | Monday December 31, 2018
The net NPAs ratio also witnessed a fall at 5.3 per cent in September 2018 as against 6.2 per cent in March 2018, RBI said in its Financial Stability Report.
Banking Sector On "Course To Recovery" As Bad Loans Fall: RBI Governor Shaktikanta Das
Business | Press Trust of India | Monday December 31, 2018
According to RBI's report, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018.
Non-Performing Assets Hit Banks' Profitability In 2018: Reserve Bank Of India
Business | Indo-Asian News Service | Saturday December 29, 2018
The consolidated balance sheet of NBFCs expanded in 2017-18 and during the first-half of 2018-19, the RBI said.
Action Taken Against Over 6,000 Public Sector Bank Officials For Bad Loans: Arun Jaitley
Business | Press Trust of India | Friday December 28, 2018
The 19 nationalised banks, including PNB and Canara Bank, reported a net loss of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the similar period of 2017-18.
Bad Loans Worth Rs 60,730 Crore Recovered In 6 Months
Business | Thomson Reuters | Thursday December 20, 2018
Financial Services Secretary said the government would give funds to four to five banks under a PCA plan after considering their financial results.
Arvind Subramanian Calls For A "Grand Bargain" To Fix Bad Loans Crisis
Business | Indo-Asian News Service | Monday December 3, 2018
"Fundamental reform of the PSBs (public sector banks) is facilitated by allowing majority private-sector participation in the PSBs," Mr Subramanian says.
Bad Loans Are Results Of Congress Government's Misdeeds: Amit Shah
India News | Press Trust of India | Friday November 30, 2018
BJP chief Amit Shah targeted Congress president Rahul Gandhi on Friday for raising the issue of bank loans and non-performing assets (NPA) in poll rallies, saying those were the results of the misdeeds of the previous Congress-led government.
IDBI Bank Reports Eighth Straight Quarterly Loss On Higher Provisions
Business | Thomson Reuters | Wednesday November 14, 2018
Provisions for bad loans at IDBI Bank, which has the highest bad loan ratio in the sector, jumped 92.9 per cent to Rs 5,482 crore.
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End
Jan 3, 2019
Majoritarianism Divides, Raghuram Rajan Tells Prannoy Roy
Dec 16, 2018
"RBI's Independence Vital, Should Not Be Politicised": Arvind Subramanian
Dec 8, 2018
The Biggest Stories Of October 30, 2018
Oct 30, 2018
I'm Against Violence, Vigilantism: Union Minister Jayant Sinha
Oct 20, 2018
IL&FS Crisis: Are Your Savings Being Used For Bailouts?
Oct 1, 2018
Walk The Talk With Arundhati Bhattacharya (Aired: March, 2016)
Sep 14, 2018
How Can Banking Sector Be Cleaned Up?
Jul 6, 2018
RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Jun 12, 2018
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