Indian Overseas Bank Q1 net down 94.56% at Rs 14.76 crore

Last Updated: Saturday, July 25, 2015, 15:32

Indian Overseas Bank (IOB) today reported 94.56 percent decline in net profit at Rs 14.76 crore for the quarter ended June 30, 2015, compared to the same period last year, on sharp increase in provisioning for bad loans.

Indian banks opt for offbeat tactics to tackle $49 billion of bad debts

Last Updated: Thursday, July 23, 2015, 08:32

Under pressure to do more to cut a $49 billion mountain of bad debt, India`s state-owned banks are reversing years of lax recovery efforts, naming and shaming smaller borrowers and even using big TV screens at shopping malls to advertise seized assets for sale.

HDFC Bank Q1 net jumps 21% to Rs 2,695.72 crore

Last Updated: Tuesday, July 21, 2015, 11:58

The bank's had earned a net profit of Rs 2,233.04 crore in the April-June quarter of 2014-15.

Federal Bank fears more bad loan pain in Q2

Last Updated: Sunday, July 19, 2015, 16:15

The bank's exposure to this company is at around Rs 100 crore and it is evaluating multiple options to deal with the stress, he added.

Federal Bank Q1 Net drops 36% at Rs 141 crore

Last Updated: Saturday, July 18, 2015, 18:47

Federal Bank on Saturday reported a 35.8 percent fall in its net profit at Rs 141.39 crore for the first quarter of 2015-16.

SBI to put in place early warning signals to rein in NPAs

Last Updated: Tuesday, July 7, 2015, 17:57

To effectively deal with the problem of bad loans, SBI is in the process of introducing a system of early warning signals to detect NPAs and take corrective action.

Sinha pledges required capital support for public sector banks

Last Updated: Wednesday, July 1, 2015, 12:01

The government on Wednesday said it's currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them.

United Bank tops list with highest bad loans among PSU lenders

Last Updated: Sunday, June 28, 2015, 11:16

United Bank of India has topped the list of public sector lenders with maximum bad loans including restructured assets as a percentage of total advances.

BSE Sensex falls, RBI stress test shows likely jump in bad loans for private banks

Last Updated: Friday, June 26, 2015, 11:56

The RBI also said the probability of slippage of state electricity boards` exposure to bad loans is very high considering the implementation of new regulatory norms effective April 1, 2015.

Bad loans main pain area for resilient economy: FSR

Last Updated: Thursday, June 25, 2015, 19:18

Strong macroeconomic fundamentals offer India a "reasonable degree of resilience" to fight uncertainties, but poor asset quality of banks and managing expectations are key challenges for regulators and the government, says the Financial Stability Report.

Indebted firms constraining bank lending: RBI report

Last Updated: Thursday, June 25, 2015, 17:40

The ability of India`s debt-burdened firms to repay their debts has worsened as leverage has increased, straining a banking sector burdened by bad loans, according to a report released by the Reserve Bank of India on Thursday.

Public sector banks should disclose details of bad debts: HC

Last Updated: Wednesday, June 24, 2015, 19:29

Public sector banks should disclose details of cases pertaining to persons and establishments whose bad debts of over Rs 100 crore have been written off, the Delhi High Court has held.