Bad Loans | The Asian Age

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Jaitley defends loan write-offs; says they don't lead to waiver

The country's 21 state-owned banks wrote-off Rs 3.16 lakh crore of loans in four years of the BJP govt.

02 Oct 2018 9:16 AM

PM Narendra Modi with MoS Manoj Sinha during the launch of India Post Payments Bank in New Delhi on Saturday. (Photo: G.N. JHA)

PM Modi blames Congress for bad loan mess, vows recovery

Launches India Post Payments Bank with network of 1.55 Lakh branches.

02 Sep 2018 4:46 AM

Gross NPAs at the end of the quarter ended June 30, 2018 were Rs 82,888.79 cr¬ore, which was a rise of 43 per cent over the same time last year.

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM

The court instead asked the Centre to talk to the central bank to get some relief for the petitioners using the provisions of the RBI Act within 15 days.

Govt, banks may have to float USD 9 billion AMC/ARC

The government will have to infuse $26.5 billion into the state-run banks (excluding SBI) in FY19-20.

29 Aug 2018 8:35 AM

The provision for bad loan alone was Rs 4,602.55 crore, as against Rs 1,873.21 crore.

IDBI Bank Q1 loss widens to Rs 2,410 crore

IDBI Bank posted a loss of Rs 853 crore in the April-June quarter of last fiscal, 2017-18.

14 Aug 2018 4:12 PM

SBI’s gross bad loans as a percentage of total loans fell to 10.69 per cent at the end of June from 10.91 per cent in the previous quarter.

SBI eyes return to profitability in third-quarter

SBI’s gross non-performing loans eased quarter on quarter to 2.13 trillion rupees by the end of June.

11 Aug 2018 10:13 AM

ICICI Bank shares soared nearly 9 per cent in intra-day trade on Thursday after the company denied media reports alleging covering up of bad loans.

ICICI Bank shares soar nearly 9 pc; m-cap rises by Rs 9,519 crore

Buying was also seen in other bank stocks, with Axis Bank surging 3.86 per cent and SBI rising 2.53 per cent on BSE.

09 Aug 2018 6:33 PM

The bank noted that NPA additions during FY'2019 are expected to be significantly lower than FY'2018.

Provision against bad loans to remain elevated in FY'19: ICICI Bank

The bank made a provision of Rs 17,307 crore against bad loans in 2017-18 as against Rs 15,208 crore.

31 Jul 2018 4:13 PM

Shares of Axis Bank on Tuesday fell by 2.5 per cent after the private lender reported a 46 per cent drop in net profit for April-June quarter.

Axis Bank shares down 2.5 per cent after Q1 results

The bank had registered a net profit of Rs 1,306 crore in the June quarter of 2017-18.

31 Jul 2018 1:03 PM

Reserve Bank had launched AQR in the second half of 2015 under which its inspectors checked the books of all banks and identified bad assets.

RBI lists 240 new accounts for NPA tag

List of NPAs could be released in September quarter because a new bunch of NPAs are being reported.

31 Jul 2018 8:58 AM

Private lender Axis Bank on Monday reported a 46 per cent decline in net profit to Rs 701.09 crore for the April-June quarter on account of increase in bad loans.

Axis Bank Q1 profit slips 46 per cent to Rs 701 crore

In absolute terms, gross NPAs rose at Rs 32,662.40 crore as on June 30, 2018 compared to Rs 22,030.87 crore a year earlier.

30 Jul 2018 7:19 PM

Public sector lender Bank of Baroda on Friday reported a more than two-fold jump in net profit at Rs 528.26 crore for the first quarter of 2018-19 as provisions for bad loans dropped.

Bank of Baroda net profit up over two-times at Rs 528 crore

The bank had reported a net profit of Rs 203.39 crore in the same quarter of 2017-18.

28 Jul 2018 2:15 PM

India’s third-largest lender by assets, ICICI Bank reported a shocking net loss of Rs 120 crore in the three months to 30 June.

ICICI Bank posts first ever loss since listing in 2001 on bad loans

Gross bad loans as a percentage of total loans was 8.81 per cent.

28 Jul 2018 1:52 PM

Government was open to giving RBI more powers to regulate PSU banks.

‘RBI has broad powers to address banking issues’

Powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks.

25 Jul 2018 8:46 AM

Govt siphons off more than the money it injects into public sector banks.

Fund infusion may not help much, say bankers

Centre infused Rs 1.29 lakh crore as capital into the banking system.

20 Jul 2018 9:19 AM

Kotak Mahindra Bank on Thursday reported 12.29 per cent rise in standalone net profit at Rs 1,024.94 crore for April-June, 2018-19. (Photo: PTI)

Kotak Mahindra Bank Q1 net profit up 12 per cent to Rs 1,025 crore

The bank's net profit stood at Rs 912.73 crore in the corresponding period of 2017-18.

19 Jul 2018 2:39 PM

The finance ministry is likely to infuse about Rs 10,000 crore within a few days in some state-owned lenders including PNB, Corporation Bank and Central Bank of India, to help them meet regulatory capital requirement, sources said.

Finance ministry likely to infuse about Rs 10,000 cr in PSU banks

The sources said that capital infusion may take place this week itself or latest by next week.

17 Jul 2018 3:16 PM

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year.

PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 Jul 2018 3:48 PM

The inter-creditor agreement is a participatory process for effective communication among banks.

Banks finalise inter-creditor agreement to resolve NPAs

Inter-creditor agreement will be a legal document and enforceable in any court of law.

06 Jul 2018 10:38 AM

Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a USD 2 billion fraud, according to four sources with knowledge of the decision.

PNB to shutter most operations at fraud-hit Mumbai branch, say sources

India’s second-largest state lender seeks to tighten controls and restore its reputation.

03 Jul 2018 5:48 PM

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Mohan Guruswamy