PNB shares gain 5% on improvement in Q1 asset quality

Last Updated: Tuesday, July 28, 2015, 18:47

Shares of PNB rose 5 percent Tuesday as the country's second largest public sector lender's asset quality improved on a quarter-on-quarter basis.

PNB identifies 400 wilful defaulters; to sell Rs 3,000 crore NPAs

Last Updated: Tuesday, July 28, 2015, 16:59

Saddled with bad loans, PNB on Tuesday said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs 3,000 crore to ARCs in the current fiscal.

BoI Q1 Net plummets 84% on higher bad loan provisioning

Last Updated: Tuesday, July 28, 2015, 14:27

The bank had a net profit of Rs 805.69 crore in the first quarter of 2014-15 fiscal.

ICICI to sell Rs 1000 crore NPAs from Tulip Tele, Falcon to ARCs

Last Updated: Monday, July 27, 2015, 21:24

The largest private sector lender ICICI Bank has put two stressed assets with an exposure of Rs 1,000 crore on the block to be sold to asset reconstruction companies, market sources said Monday.

HDFC Bank shares pare early gains; down 1.5% at close

Last Updated: Tuesday, July 21, 2015, 19:53

Shares of HDFC Bank pared early gains and ended 1.5 percent lower Tuesday amid an overall weakness in the broader market even as the company reported 20.72 per cent growth in net profit for the quarter ended June.

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.

Rs 2.22 lakh crore NPAs: CBI chief suggests strong action

Last Updated: Friday, July 17, 2015, 20:47

CBI Director Anil Sinha on Friday favoured "strong action with surgical precision" to check banking frauds which has led to accumulation of non-performing assets (NPA) worth Rs 2.22 lakh crore with the banks.

South Indian Bank shares tank 5.5% post results

Last Updated: Thursday, July 16, 2015, 18:25

Shares of South Indian Bank tumbled 5.5 percent Thursday on weaker-than-expected June quarter numbers.

Home loan delinquencies more than halve in last 5 years: Cibil

Last Updated: Tuesday, June 23, 2015, 18:39

The percentage of non-performing assets (NPAs) from the home loans segment has dropped to 0.57 in March 2015 compared to 1.06 at the end of 2010, it said in a report.

Allow IFCs to buy projects turning into NPAs: Assocham

Last Updated: Tuesday, June 16, 2015, 17:55

Government should allow infrastructure finance companies to buy projects that turn into non-performing assets, industry body Assocham said on Tuesday.

RBI Governor Rajan meets FM Jaitley

Last Updated: Thursday, June 11, 2015, 13:42

Reserve Bank Governor Raghuram Rajan on Thursday met Finance Minister Arun Jaitley and discussed macroeconomic issues.

ICRA sees NPAs soaring by up to 1.50% to 5.9% this fiscal

Last Updated: Monday, June 8, 2015, 22:36

Domestic rating agency ICRA today said gross NPAs in the system may jump up to 5.9 percent this fiscal from 4.4 percent despite economic growth because of lagged recognition of bad assets which is resulting in slippage of more restructured accounts into dud loans.