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.

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 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.

Finance Ministry readying plan to deal with menace of bad loans

Last Updated: Wednesday, June 17, 2015, 21:27

To deal with the issue of bad loans on a war footing manner, the Finance Ministry on Wednesday charted out action plans including strengthening of asset reconstruction companies (ARCs) to deal with rising NPAs.

Finance minister says sees merit in state banks' demand for more capital

Last Updated: Friday, June 12, 2015, 15:24

India`s state-owned banks have made a "strong case" for higher capital infusion by the government, Finance Minister Arun Jaitley said on Friday, adding he saw a merit in the demand.

Finance Minister to meet heads of PSU banks tomorrow

Last Updated: Friday, June 12, 2015, 12:37

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.