India's largest bank SBI net profit up 81% to ₹4,189 crore in Q1
Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year
Carmakers tie-up with banks to offer low interest rate schemes to attract customers
So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over the past week
Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related provisions
During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same period a year ago
Rahul Gandhi rakes up bad loans issue in Lok Sabha
Gandhi asked the government to name wilful bank loan defaulters, but was not allowed another supplementary question
Nearly 3 per cent of Mudra loans turn into bad loans: Govt
Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.
DHFL, Altico default on payments
Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.
PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr
The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.
IDBI Bank shares tank over 12 per cent after Q1 earnings
The scrip tanked 12.33 per cent to touch its 52-week low at Rs 23.80 on the BSE.
IL&FS may not have disclosed bad loans for years: RBI report
The Indian government took control of IL&FS late last year after it defaulted on some of its debt.
PSBs' bad loans have declined by over Rs 89,000 crore till March: Govt
Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46 lakh cr by the govt.