Non-performing Assets | The Asian Age

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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

LIC employee unions have said that they are against the proposal for the insurer to acquire 51 per cent stake in IDBI Bank.

LIC unions oppose acquisition of IDBI Bank by insurer

LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.

10 Jul 2018 4:17 PM

Cost accountants' apex body ICAI has suggested constituting a central agency, with cost accountants and experts from other fields, to evaluate applications for large loans before banks give their approval. (Photo: Brijesh Bhatt)

Set up central agency to evaluate big loan proposals, says ICAI

Big banks have better means for research and development and they can better evaluate the loan proposals.

08 Jul 2018 6:05 PM

Public sector banks are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms.

PSU banks plan to raise over Rs 50,000 crore equity capital in FY19

Leading the pack is the Central Bank of India, which has already got shareholders' approval.

08 Jul 2018 3:11 PM

Nitin Gadkari on Monday warned that taking action against every defaulting entrepreneur will chill economic activity and the country will be left with no people willing to take business risks.

Is govt planning to go soft on defaulters?

There is a need to distinguish between bona fide and mala fide intentions.

03 Jul 2018 12:41 PM

Finance minister Piyush Goyal (Photo: PTI)

Govt unveils plan on bad loans that protects jobs

Finance minister Piyush Goyal said that the plan focuses on turning around assets in a manner that will not lead to job losses.

03 Jul 2018 6:21 AM

Public sector banks have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:15 PM

The Parliament's next standing committee meeting on finance is scheduled for June 19. The standing committee meeting is likely to discuss ways to tackle the growing menace of chit fund agencies around the country.

Next parliamentary panel meeting on finance to be held on June 19

The standing committee meeting is likely to discuss ways to tackle the growing menace of chit fund agencies.

12 Jun 2018 7:11 PM

The country's largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.

SBI to auction 12 bad accounts this month to recover over Rs 1325 cr

The lender's gross non-performing assets or bad loans as on March 31, 2018, reached Rs 2.23 lakh crore.

10 Jun 2018 12:58 PM

In FY18, the banking system reported a net loss of Rs 40,000 crore because of the sharp rise in NPAs.

Banks gross NPA may peak at around 11.5 pc this fiscal: Crisil

GNPAs increased to around Rs 10.3 lakh crore, or 11.2 per cent of advances compared with Rs 8 lakh crore.

05 Jun 2018 3:52 PM

Around 19 of the 21 state-run banks have reported losses for the fiscal, including country's largest lender State Bank of India.

Govt plans merger of four public sector banks to overcome losses

Asset quality of the bank worsened as gross non-performing assets or bad loans surged.

04 Jun 2018 2:09 PM

The meeting is being called after RBI governor Urjit Patel said the Central Bank did not have adequate powers to deal with public sector banks. (Representational Image)

Bank officials to brief parliamentary panel on Non-Performing Assets, frauds

The Parliamentary Standing Committee on Finance has called the Indian Banks' Association officials to appear before it on Monday.

03 Jun 2018 9:13 PM

Bank of India on Monday reported widening of its net loss to Rs 3,969.27 crore in the March quarter due to higher provisioning for mounting bad loans.

Bank of India Q4 loss widens to about Rs 4,000 crore on bad loans

The gross non-performing assets (NPAs) hit 16.58 per cent of the gross advances, as against 13.22 per cent by end March 2017.

28 May 2018 6:35 PM

RBI Governor Urjit Patel will appear before a parliamentary panel on June 12, of which former prime minister Manmohan Singh is a member, to brief them about banking frauds and mounting non-performing assets (NPAs).

RBI governor to brief parliamentary panel on mounting NPAs

Patel will talk about the conditions of nationalised banks in view of rising NPAs and the future course of action to tackle bank frauds.

27 May 2018 5:02 PM

Country's largest lender SBI will be the biggest beneficiary of resolution of debt-ridden Bhushan Steel as its bottomline will go up by as much Rs 1,300 crore.

SBI biggest beneficiary of Bhushan Steel sale to Tatas

Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.

22 May 2018 7:40 PM

The country's largest lender SBI on Tuesday posted a standalone net loss of Rs 7,718.17 crore for the March quarter due to higher non-performing assets (NPAs).

SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

The bank had reported a net profit of Rs 2,814.82 crore in the corresponding period of 2016-17.

22 May 2018 2:32 PM

Bajaj Finance on Thursday reported a jump of 61 per cent in its standalone net profit at Rs 721 crore in the last quarter ended March 2018.

Bajaj Finance Q4 net profit jumps 61 per cent to Rs 721 crore

It had registered a net profit of Rs 449 crore in the same period a year earlier.

17 May 2018 4:36 PM

Karnataka Bank on Tuesday reported 92 per cent slump in net profit at Rs 11 crore for the March quarter due to multi-fold jump in provisioning for bad assets.

Karnataka Bank Q4 net dives 92 pc as NPA provisioning swells

Provisioning amount for the full year more than doubled at Rs 1,163.01 crore against Rs 527.85 crore in the preceding year.

15 May 2018 5:45 PM

Dena Bank on Friday reported widening of its net loss to Rs 1,225.42 crore in the March quarter on mounting bad loans and higher provisioning to cover them.

Dena Bank widens Q4 net loss at Rs 1225 cr as bad assets soar

For the entire fiscal, 2017-18, the bank has posted a net loss of Rs 1,923.15 crore.

11 May 2018 5:22 PM

The banking regulator rarely makes allowances for specific sectors and that principle will extend to the power sector as well.

RBI refuses to ease NPA norm, shocks power sector

RBI is not in favour of any special forbearance for the sector that would have prevented the loans from being categorised as NPA.

09 May 2018 12:59 PM

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Sunil Gatade