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Syndicate Bank Q1 profit up 7% at Rs 485 crore

Syndicate Bank Q1 profit up 7% at Rs 485 crore

Last Updated: Friday, August 01, 2014, 00:05

State-owned Syndicate Bank on Thursday reported 7 percent increase in net profit to Rs 485 crore for the first quarter ended June 2014.

'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.

PNB Q1 profit rises 10% to Rs 1,405 crore

Last Updated: Friday, July 25, 2014, 14:00

State-owned Punjab National Bank on Friday posted a 10.2 percent growth in net profit at Rs 1,405 crore during the April-June quarter, helped by a rise in interest income.

'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.

Canara Bank Q1 Net marginally up at Rs 806.86 cr

Last Updated: Monday, July 21, 2014, 19:51

Public sector Canara Bank today reported a marginal 1.86 percent increase in net profit at Rs 806.86 crore in the first quarter ended June 30 on higher provisioning.

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.

Six wounded in Philippine clash with communist rebels

Last Updated: Wednesday, July 09, 2014, 13:38

Philippine police and troops have clashed with dozens of communist guerrillas in a remote southern mountain village, leaving six troopers wounded, the military said today. <br><br> Police Special Action Force commandos and army troops were patrolling on Talomo mountain outside Davao city on Mindanao island when they encountered at least 30 New People`s Army (NPA) rebels, triggering the gunbattle yesterday.

Top leftist rebel leader caught in Philippines

Last Updated: Tuesday, July 08, 2014, 13:42

Security forces arrested a top ranking female leftist rebel leader in the southern Philippines Monday, a military official said Tuesday. <br><br> Military officials identified the captured leader of the New People`s Army (NPA) as Mercy B. Maghinay, alias Joyceee, Xinhua reported.

PSU banks' asset quality woes likely to continue: Fitch

Last Updated: Monday, June 16, 2014, 14:17

Gross NPA level of commercial banks stood at 3.9 per cent as of March-end as compared with 4.2 per cent till September 2013.

CII suggests action plan for revival of NBFCs

Last Updated: Sunday, June 15, 2014, 20:19

Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.

Steps to address issue of rising bad loans likely in Budget

Last Updated: Monday, June 02, 2014, 19:29

The Finance Ministry is likely to announce steps to deal with rising bad loan situation in the Budget to be presented some time early next month.

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.