bad loans
Govt expects to finalise roadmap for MSME bad loans by March
Online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks.
SBI expects loan demand to rise with government spending
Next tranche of capital allocation will be strictly based on performance of banks against reform measures suggested by govt.
Govt to infuse over Rs 88,000 crore in 20 public banks
During the current fiscal, ending March 31, SBI will get Rs 8,800 cr capital and Bank of India, Rs 9,232 crore.
Canara Bank third-quarter profit slumps 61 per cent
Net profit came in at 1.26 billion rupees for quarter ended Dec 31, compared with 3.22 billion rupees a year ago.
IndusInd Bank Q3 net rises 25 per cent to Rs 936.25 crore
Interest earned by the bank jumped about 16 per cent in the quarter to 42.87 billion rupees.
RBI puts Allahabad Bank under prompt corrective action
Central bank has so far ordered corrective action for about 10 lenders, mostly due to their high bad loan ratios.
RBI’s data on banks’ bad loans disturbing
The defaults of a few big borrowers amount to over 70 per cent of bad loans, according to the All-India Bank Employees Association.
Banks set to refer 23 of 28 large dud accounts to NCLT
Banks will also have to make a provision of 50 per cent on these accounts by March 2018.
Massive NPA under-reporting: RBI says no ruels changed
Lenders started reporting divergences since this June for having under-reported NPAs in FY16.
ICICI Bank second-quarter profit falls, lags estimates
Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September.