Mon, Nov 25, 2024
The gross NPA as on March 31, 2024, for State bank of India (SBI) was Rs 84,276 crore, while for Punjab National Bank (PNB), it was Rs 56,343 crore.
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Mon, Dec 19, 2022
The banking system's credit growth will slow down to 11-11.6 per cent in FY24, after a very healthy growth of 15.2-16.1 per cent expected in FY23, the rating agency said.
Mon, Sep 26, 2022
NPAs in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter.
Fri, Jul 29, 2022
"We expects to recover Rs 8,000 crore every quarter and would ensure that its recoveries are higher than fresh slippages," Punjab National Bank's Managing Director A K Goel said
Mon, Jul 18, 2022
The net NPAs came down to 0.88 per cent (Rs 1,206.43 crore) from 2.22 per cent (Rs 2,352.75 crore).
Wed, Feb 16, 2022
Shares in the NBFC space have shown a healthy gains on Wednesday as the RBI provided an extension for the implementation of the new NPA rules.
Wed, Oct 20, 2021
GNPAs and NNPAs stood at 8.6 per cent and three per cent, respectively, as on March 31, 2020.
Tue, Jun 08, 2021
As many as 22 bad loans worth Rs 89,000 crore have been identified by the banks to be transferred to the National Asset Reconstruction Company Ltd (NARCL) also called a bad bank in the initial phase, confirmed Indian Banks’ Association Chairman Rajkiran Rai G.
Thu, Dec 12, 2019
"Indian Bank's corporate lending has grown by 12% and we expect that it will improve in the fourth quarter", says Padmaja Chunduru, Managing Director and CEO, Indian Bank.
Mon, Jun 10, 2019
RBI placed a new guidelines prudential framework for resolution of stressed assets by banks in the wake of the judgment of the Supreme Court of India.
Wed, Feb 06, 2019
On the asset front, the bank witnessed rise in its gross non-performing assets (NPAs) at 17.81 per cent of the gross advances as at December-end 2018, as against 14.38 per cent by December 2017.
Tue, Feb 05, 2019
The bank's total income, fell by 2.64 per cent to Rs 14,854.24 crore for the quarter under review from Rs 15,257.5 crore in the year-ago quarter.
Mon, Nov 26, 2018
According to the report, the root cause responsible for increase in bank fraud incidents "appears to not having been adequately addressed".
Wed, Nov 07, 2018
State-run lenders require an urgent Rs 1.2 trillion in capital in the next five months and government will have to take a bulk of the tab due to the weak market valuations of these NPA-saddled banks, says report.
Thu, Oct 25, 2018
He also said rating agencies have an important role as gatekeepers in maintaining trust of investors in bond market and Sebi would consider further necessary changes in norms for them in consultation with stakeholders, after a number of steps taken to rationalise their governing structure and for close monitoring of ratings.
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