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Indian Bank to decide on raising Rs 7,000 crore in Q2: MD

In December 2017, the bank's Board accorded approval to raise equity capital upto Rs 7,000 crore in one or more tranches in the current or subsequent financial years based on requirement through FPO, private placement, QIP/rights issue/preferential issue/institutional placement programme.

May 15, 2019, 14:19 PM IST

Union Bank net loss widens to Rs 3,370 cr in Q4 on higher provisioning

The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.

May 15, 2019, 14:14 PM IST

Canara Bank Q4 loss narrows to Rs 551 cr on lower bad loans

The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal.

May 10, 2019, 18:43 PM IST

Allahabad Bank's Q4 loss widens to Rs 3,834 crore

The public sector lender's net loss in the year-ago period stood at Rs 3,509.63 crore.

May 10, 2019, 18:42 PM IST

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore

The public sector lender reported a loss of Rs 3,606.73 crore during January-March, 2017-18.

May 10, 2019, 12:26 PM IST

NPA under Mudra Yojana stands at Rs 7,277 crore

Loans under PMMY can be covered under Credit Guarantee Fund for Micro Units (CGFMU).

Feb 13, 2019, 10:10 AM IST

Over 6,000 officers of nationalised banks held responsible for bad loans in FY18: Arun Jaitley

Penalties imposed against the erring officials include dismissal, compulsory retirement and demotion.

Dec 29, 2018, 08:01 AM IST

Doubling limit for filing DRT cases will expedite bad loan recovery: Finmin

The pecuniary limit was raised last week following amendment in the rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993.

Sep 12, 2018, 12:42 PM IST

RBI nominee on PSU boards create illusion of regulatory control, says Rajan

Even Rajan's successor and present RBI Governor Urjit Patel had suggested withdrawal of nominee directors from the boards of public sector banks (PSBs) to avoid any conflict of interest.

Sep 12, 2018, 12:41 PM IST

Heads of 11-PSBs to appear before Parliamentary Panel over mounting bad loans

The banking sector is grappling with rising non-performing assets (NPAs), which touched Rs 8.99 lakh crore or 10.11 percent of total advances at December-end 2017.

Jun 25, 2018, 11:10 AM IST

India should address banking crisis to support investment, says IMF

These steps include the recognition of these non-performing assets, the resolution framework under the Insolvency and Bankruptcy Code, IMF said

Jun 08, 2018, 09:31 AM IST

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

Jun 05, 2018, 12:28 PM IST

Bank unions to go on two-day nationwide strike; salary withdrawal, ATM transactions to be affected

Bank unions have called for a strike to protest a nominal 2 percent wage hike offered by the Indian Banks' Association (IBA).

May 29, 2018, 10:05 AM IST

Bank unions to go on two-day nationwide strike on May 30, 31

Bank employees have organised a demonstrations on May 29 at State Bank of India' branch main branch in Mumbai.

May 29, 2018, 09:21 AM IST

Bank unions call for two-day nationwide strike from May 30

In the wage negotiation meeting held on May 5, 2018, IBA made a propositions to offer 2 percent hike in the wage bill cost as on March 31, 2017.

May 24, 2018, 17:21 PM IST

Banks' final push for NPA recognition to hurt near-term profitability: Moody's

While this push will increase the already-high non-performing assets (NPAs) ratios and provisioning burdens for India's banks, and strain their profitability in the near term, cleaner balance sheets in the long run will be credit positive for the sector, Moody's said in a statement.

May 02, 2018, 13:47 PM IST

Constitution of BBB a progressive decision of government: Vinod Rai

The very step to solving the problem of NPAs is to recover maximum from the loan account and it can't be done overnight, Rai said.

Apr 03, 2018, 15:00 PM IST

Fishy loans: CBI registers 3 FIRs in Rs 743 crore bad loans in IDBI bank

It is alleged that the loans were issued without proper loan documents, without conducting pre-sanction and post sanction inspections.

Mar 29, 2018, 18:21 PM IST

RBI slaps penalty of Rs 3 crore on Axis Bank, 2 crore on Indian Overseas Bank

Axis Bank attracted fine for flouting NPA norms and state-run Indian Overseas Bank for KYC breach.

Mar 05, 2018, 20:31 PM IST

PNB scam fallout: Probe NPAs above Rs 50 Crore, govt asks PSBs

The 12 large NPA accounts referred to NCLT at the behest of Reserve Bank of India have outstanding loans of Rs 1.75 lakh crore.

Feb 28, 2018, 00:40 AM IST