Tuesday, May 21, 2024 | Last Update : 12:10 AM IST

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SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on March 26.

12 Mar 2019 5:09 PM

Law can't be 'blind', shouldn't treat every default as NPA: Goyal to RBI

Sections of the industry have moved Supreme Court for special treatment to power sector when it comes to classification of NPAs.

04 Mar 2019 12:39 PM

Over Rs 2 lakh crorebad loans settled, says govt offical

Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and Bankruptcy Laws'.

01 Mar 2019 4:14 PM

IBC brought back Rs 3 lakh crore into banking system: Jaitley

On the issue of non-performing assets (NPAs), he said the curve is going down.

01 Mar 2019 11:42 AM

Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.

28 Feb 2019 5:32 PM


Kotak ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM

Govt keen on merger of PSBs to create globally competitive, healthy large banks: Jaitley

Reserve Bank insisted that banks should provision for all stressed assets so that only sound banks survive.

28 Feb 2019 3:53 PM

Fund infusion into PSBs not sufficient to support lending growth: Fitch

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM

RBI proposes variable pay for bank CEOs

As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of ‘Material Risk Takers.

26 Feb 2019 3:49 PM

Lot of headway being made in IL&FS matter, says corp affairs secy

The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months.

26 Feb 2019 12:33 PM


India lacks good economic, jobs data due to informal economy: Debroy

It is difficult to draw an inference as to what is happening on labour and employment: Debroy.

25 Feb 2019 6:22 PM

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.

25 Feb 2019 3:30 PM

Accounts of IL&FS, group cos cannot be declared NPA without NCLAT nod

The tribunal's direction came during the hearing over the govt's plan for the resolution of IL&FS group companies.

25 Feb 2019 12:49 PM

Banking sector on way to recovery: Niti Aayog

The banking sector remains fragmented which makes the cost of capital quite high, says Niti Aayog Vice Chairman.

22 Feb 2019 2:57 PM

Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19

So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).

21 Feb 2019 10:01 AM


SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans

The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.

20 Feb 2019 4:20 PM

Liquidity constraints continue in the market despite bank recoveries: FICCI-IBA

At the same time, over 90 per cent of respondents said infrastructure continues to remain a key sector with high NPAs.

18 Feb 2019 11:48 AM

Banks expect liquidity to remain tight in Q4: Survey

The liquidity scenario remained in deficit in the third quarter of 2018-19, the survey said.

18 Feb 2019 10:28 AM

RBI threatens action against Yes Bank for disclosing nil divergence report

Yes Bank had said the RBI has not found any divergence in the asset classification, provisioning done by the lender during 2017-18.

16 Feb 2019 2:10 PM

Yes Bank shares zoom 30 per cent; m-cap rises by Rs 8,590 crore

The shares after opening the day on a positive note further skyrocketed 28.95 per cent to Rs 218 on BSE.

14 Feb 2019 11:49 AM