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NPA sales down to a trickle of just 2% of total bad loans

Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.

Govt banks may remain shut for six days

Government banks across the state could remain closed for six days starting from January 21.

Govt agrees to infuse Rs 12,517 cr into PSU banks by March

The government on Thursday approved a proposal to inject Rs 12,517 crore in public sector banks to help them enhance the lending activity and meet the capital adequacy norms.

13 PSU banks fail to meet agriculture lending target

As many as 13 public sector banks, including big ones such as Bank of Baroda, Central Bank of India and Union Bank of India, have failed to achieve the annual farm sector lending target during the last fiscal.

Bank of India cuts deposit rates by up to 50 bps

State-owned Bank of India has slashed deposit rates across certain maturities by up to 50 basis points.