Indian Overseas Bank Bad Loans
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Indian Overseas Bank Shares Rise 4% After Reporting A 58% Jump In Profit
Indian Overseas Bank's shares gained over 4 per cent on Wednesday after it reported a near 58 per cent bounce in its net profit to Rs 552 crore in the March quarter.
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Indian Overseas Bank, UCO Bank Post Q1 Loss As Bad Loans Jump
State-run Indian Overseas Bank, which has the highest bad loan ratio among the nation's lenders, reported a first-quarter net loss of Rs 1,451 crore with a further rise in its sour assets.
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PSU Banks Write Off Rs 59,547-Crore Loan In FY16
Public sector banks (PSBs) have written off loans worth Rs 59,547 crore in 2015-16, Parliament was informed on Tuesday.
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Government To Make Capital Infusion In PSU Banks Soon: Report
The Finance Ministry has finalized plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
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Indian Overseas Bank Slumps 12% As Q3 Loss Soars to Rs 1,425 Crore
IOB made a provision of Rs 1,896 crore for bad loans, up 60 per cent from Rs 1,183 crore in the year-ago quarter.
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Nifty Slumps to Lowest in 20 Months as Banking Stocks Bleed
Lenders that had reported earnings yesterday continued to be hammered down. Punjab National Bank (PNB), which posted an operational loss because provisions for bad loans doubled in Q3, closed nearly 9 per cent lower today. The stock has shed 16 per cent in the previous two sessions.
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Bad Loans Rise at Three Mid-Sized State Lenders
Kolkata-based UCO Bank said net profit fell 3.5 per cent to Rs 304 crore for the three months to December. Its gross bad loans ratio widened to 6.5 per cent from 5.2 per cent in the September quarter.
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Take stern steps to recover loans from wilful defaulters: Finance Minister
NPAs, or bad loans, of public sector banks rose 28.5 per cent to Rs 2.36 lakh crore in September last year from Rs 1.83 lakh crore in March 2013.
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SBI hit by sector's asset quality worries
Shares in State Bank of India fell 1.2 percent on concerns of a potential increase in bad loans in the July-September quarter, after other state-run banks such as Punjab National Bank and Indian Overseas Bank posted a surge in non-performing assets.
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PSU bank shares hit over asset quality worries
Shares in State Bank of India fell 1.2 per cent on concerns of a potential increase in bad loans in the July-September quarter, after other state-run banks such as Punjab National Bank and Indian Overseas Bank posted a surge in non-performing assets.
-
Indian Overseas Bank Shares Rise 4% After Reporting A 58% Jump In Profit
Indian Overseas Bank's shares gained over 4 per cent on Wednesday after it reported a near 58 per cent bounce in its net profit to Rs 552 crore in the March quarter.
-
Indian Overseas Bank, UCO Bank Post Q1 Loss As Bad Loans Jump
State-run Indian Overseas Bank, which has the highest bad loan ratio among the nation's lenders, reported a first-quarter net loss of Rs 1,451 crore with a further rise in its sour assets.
-
PSU Banks Write Off Rs 59,547-Crore Loan In FY16
Public sector banks (PSBs) have written off loans worth Rs 59,547 crore in 2015-16, Parliament was informed on Tuesday.
-
Government To Make Capital Infusion In PSU Banks Soon: Report
The Finance Ministry has finalized plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
-
Indian Overseas Bank Slumps 12% As Q3 Loss Soars to Rs 1,425 Crore
IOB made a provision of Rs 1,896 crore for bad loans, up 60 per cent from Rs 1,183 crore in the year-ago quarter.
-
Nifty Slumps to Lowest in 20 Months as Banking Stocks Bleed
Lenders that had reported earnings yesterday continued to be hammered down. Punjab National Bank (PNB), which posted an operational loss because provisions for bad loans doubled in Q3, closed nearly 9 per cent lower today. The stock has shed 16 per cent in the previous two sessions.
-
Bad Loans Rise at Three Mid-Sized State Lenders
Kolkata-based UCO Bank said net profit fell 3.5 per cent to Rs 304 crore for the three months to December. Its gross bad loans ratio widened to 6.5 per cent from 5.2 per cent in the September quarter.
-
Take stern steps to recover loans from wilful defaulters: Finance Minister
NPAs, or bad loans, of public sector banks rose 28.5 per cent to Rs 2.36 lakh crore in September last year from Rs 1.83 lakh crore in March 2013.
-
SBI hit by sector's asset quality worries
Shares in State Bank of India fell 1.2 percent on concerns of a potential increase in bad loans in the July-September quarter, after other state-run banks such as Punjab National Bank and Indian Overseas Bank posted a surge in non-performing assets.
-
PSU bank shares hit over asset quality worries
Shares in State Bank of India fell 1.2 per cent on concerns of a potential increase in bad loans in the July-September quarter, after other state-run banks such as Punjab National Bank and Indian Overseas Bank posted a surge in non-performing assets.
