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Canara Bank aims cash recovery of Rs 6,500 crore this fiscal

Last Updated: Saturday, August 16, 2014, 16:59

State-owned Canara Bank on Saturday said it aims cash recovery of Rs 6,500 crore this fiscal which may result in lowering of non-performing assets (NPA).

Over Rs 3,350-cr worth NPAs with Union Bank of India

Last Updated: Monday, July 28, 2014, 17:46

Union Bank of India has Non-Performing Assets (NPAs) worth about Rs 3,350 crore from 20 defaulters.

'Govt, bank mgmts not making serious efforts to recover NPAs'

Last Updated: Sunday, July 27, 2014, 19:59

The Bank Employees Federation of India (BEFI) Sunday came down heavily on the central government and the bank managements over accumulation of Non-Performing Assets (NPA) to the tune of Rs 2 lakh crore.

Indian Overseas Bank Q1 Net zooms over 2-fold to Rs 271.72 crore

Last Updated: Saturday, July 26, 2014, 16:49

Public sector Indian Overseas Bank has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.

'Govt, pvt sector need to work for affordable housing for all'

Last Updated: Thursday, July 24, 2014, 21:58

To meet its target of providing housing to all by 2022, the government alongwith the private sector needs to work to increase the supply of low-income houses, which would translate into business opportunity of Rs nine lakh crore for the developers, a recent report said.

SBI sells NPA worth Rs 3,590 cr to ARCs last fiscal

Last Updated: Tuesday, July 15, 2014, 17:04

State Bank of India sold non-performing assets worth Rs 3,590 crore to various asset reconstruction companies (ARCs) during 2013-14.

Economic Survey 2013-14: Growth of NPAs is a cause for concern

Last Updated: Wednesday, July 09, 2014, 15:46

The four-fold rise in bad loans over the past two years, mainly of public sector banks is a matter of concern and steps are being taken to improve the situation, the Economic Survey said.

Asset quality of banks deteriorating at frightening pace: Study

Last Updated: Wednesday, May 14, 2014, 18:57

The asset quality in banks has deteriorated at a "frightening pace" during 2013-14 fiscal with public sector banks bearing the maximum brunt of bad loans, a RBI panel report has said.

CII suggests measures to improve asset quality of banks

Last Updated: Sunday, May 04, 2014, 14:48

Expressing concerns over the deteriorating asset quality of banks, industry body CII has suggested a 5-point action plan to deal with the rising non- performing assets (NPAs).

Fitch sees level of NPAs, recast loans rising to 15% in FY15

Last Updated: Thursday, April 17, 2014, 19:43

Stressed assets, which include gross non-performing assets and restructured debt, stood at 10.2 percent as of September.

Rajan concerned about NPAs, expects situation to improve

Last Updated: Friday, March 28, 2014, 21:26

Expressing concern over rising NPAs, Reserve Bank Governor Raghuram Rajan on Friday said the situation would improve with stabilisation of the economy.

RBI doesn't have magic wand to help United Bank: Chakrabarty

Last Updated: Thursday, March 20, 2014, 19:19

United Bank posted a net loss of Rs 1,238 crore in the three months to December.