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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.

Economy recovering from serious challenges; expect banks to cut rate further: FM

Last Updated: Friday, June 12, 2015, 13:29

Reserve Bank has cut repo rate by 0.75 percent since January but not all banks have passed on the benefit of lower interest rates to customers.

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.

RBI for better strategies to deal with problem of bad loans

Last Updated: Thursday, June 11, 2015, 15:08

Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.

Re-capitalise state banks for economic prosperity: Expert

Last Updated: Wednesday, May 27, 2015, 15:19

India needs to privatise and change the character of its state-owned banks which have massive bad loans that have become a drag on economic growth, a leading financial expert said here.

Keeping fingers crossed on bad loans: FM Jaitley

Last Updated: Friday, May 22, 2015, 17:13

Terming NPAs at 5.2 percent as high, Finance Minister Arun Jaitley on Friday said it's too early to consider the improvement in the bad loan situation last quarter as a "turnaround" and was keeping his fingers crossed.

SBI Q4 net up 23% at Rs 3742 cr,to focus on recovery this year

Last Updated: Friday, May 22, 2015, 15:19

For the entire fiscal ended March 2015, SBI's net profit increased 20 percent to Rs 13,101.57 crore as compared to Rs 10,891.17 crore for the year ended March 2014.

SBI Q4 net profit up 23%, bad loan ratio down

Last Updated: Friday, May 22, 2015, 13:52

SBI reported a better-than-expected 23 percent increase in quarterly profit and a lower bad loan ratio, sending its shares more than 5 percent higher.

FM Jaitley to soon meet PSU bankers on NPA, stake sale issues

Last Updated: Tuesday, May 19, 2015, 12:56

Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.

Dena Bank net plunges 70% as bad loans & wage provisions soar

Last Updated: Friday, May 15, 2015, 19:25

Dena Bank shares closed 2.88 percent up at Rs 51.85 apiece on the BSE.

No financial crisis risk, but bad loans still a problem: Raghuram Rajan

Last Updated: Thursday, May 14, 2015, 21:37

Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.