FM Sitharaman announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Her press conference comes just a little ahead of the release of India's latest Gross Domestic Product (GDP) growth numbers.

Aug 30, 2019, 16:35 PM IST

Q1 bank loan growth fell 1.2% due to low interest income: Report

For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.

Aug 20, 2019, 15:00 PM IST

DHFL seeks repayment moratorium, assures ''no haircut on principal''

In its resolution plan, the company has also sought funding from banks and the National Housing Bank for starting retail funding activity.

Aug 06, 2019, 16:18 PM IST

Mudra loans amounting to Rs 17,651 crore turned into NPAs since inception of scheme

Reasons for NPAs for loans extended under PMMY are, inter-alia, first time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices, poor credit appraisal, wilful default by borrowers, impaired cash flows of the units due to slowdown in business etc.

Jul 16, 2019, 15:18 PM IST

Gross NPAs of Public Sector Banks declined by Rs 89,189 crore in March

Gross NPAs of PSBs have declined by Rs  89,189 crore from the peak of Rs 8,95,601 crore in March 2018 to Rs 8,06,412 crore in March 2019, FM Sitharaman said.

Jun 26, 2019, 14:14 PM IST

Gross NPAs of banks may reduce to 8% by March 2020: Report

NPA in the banking system had peaked at 11.5 percent in March 2018 and then declined to 9.3 percent in March 2019.

Jun 25, 2019, 15:56 PM IST

Larger number of bad loans originated in 2006-2008: Rajan

Rajan pointed out that the loan waivers vitiate the credit culture and an all-party agreement to this effect would be in the country`s interest in view of impending elections.

Sep 11, 2018, 18:00 PM IST

Raghuram Rajan’s statement proves Congress is behind rise in NPAs: Smriti Irani

The Bharatiya Janata Party (BJP) on Tuesday said that a statement by former Reserve Bank of India (RBI) Governor Raghuram Rajan proves that the Congress party is responsible to the rise in non performing assets (NPAs). Addressing a press conference, Union minister Smriti Irani accused Congress president Rahul Gandhi, Sonia Gandhi and Robert Vadra of sabotaging taxpayers’ money.

Sep 11, 2018, 14:41 PM IST

Parliamentary panel calls ex-RBI gov Rajan to brief on mounting NPAs

The panel has already questioned senior finance ministry officials, including Finance Secretary Hasmukh Adhia and top brass of banks, about rising bad loans.

Aug 20, 2018, 18:30 PM IST

Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India

There are 11 banks under PCA framework on account of their high bad loans.

Jun 26, 2018, 22:35 PM IST

Wisdom is not heritable: Arun Jaitley takes a dig at Rahul Gandhi, says Congress obsessed with Narendra Modi

Senior BJP leader Arun Jaitley said on Wednesday that Rahul Gandhi with his customary inaccuracies could one day give to the country his monumental work on 'The rediscovery of Coca-Cola'.

Jun 13, 2018, 18:16 PM IST

Except SBI, rest state-run banks should be privatised, says Arvind Panagariya

The former NITI Aayog vice-chairman also said that political parties should mention privatisation of PSBs in their 2019 general election manifesto.

Mar 25, 2018, 18:05 PM IST

PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks

FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.

Feb 19, 2018, 17:35 PM IST

Bad loans hurt state-run banks, push SBI to surprise third-quarter loss

Bad loans in PSBs have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt.

Feb 10, 2018, 00:43 AM IST

Accretion of fresh NPAs has virtually stopped, says Bibek Debroy

According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.

Feb 07, 2018, 23:02 PM IST

Union Budget 2018: What it holds for Banking & Telecom sectors

The Union Budget for 2018-19 is significant for the Modi government as it will be the first budget post the implementation of the Goods and Services Tax regime.

Jan 31, 2018, 16:10 PM IST

Rise in inflation likely to keep RBI on hold: Morgan Stanley

Retail inflation rose to 5-month high of 3.36 percent in August due to costlier vegetables and fruits.

Sep 14, 2017, 15:40 PM IST

Slowdown of credit pre-dates banks drive against NPAs: Raghuram Rajan

Rajan describes how the Reserve Bank of India`s (RBI) repeated attempts to seek a resolution of stressed assets issue met with tepid response from bankers. 

Sep 03, 2017, 16:28 PM IST

FY18 challenging for Indian banks, NPAs to rise: Icra

Terming FY18 as a "challenging" year for Indian banking, domestic rating agency Icra on Thursday said newer segments like MSMEs and farmers are also reporting stress, and NPAs for listed banks will shoot up to 10.2 percent by FY18-end.

Aug 31, 2017, 18:20 PM IST

Bank NPAs register a significant growth during January-June: Survey

About 35 per cent reported tightening of credit standards for large enterprises during the first half of 2017 and about 40 percent expect further tightening in the next six months.

Aug 10, 2017, 21:35 PM IST