BoI Net plunges 84% as NPA provisions soar over 2-fold

Last Updated: Tuesday, July 28, 2015, 20:00

State-run Bank of India on Tuesday reported a massive 84 percent plunge in its April-June quarter net profit at Rs 130 crore, dragged by an increase in provisioning and higher non-performing assets.

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.

Blackmoney: E-filing link to declare illegal assets launched

Last Updated: Tuesday, July 21, 2015, 15:02

According to the scheme, such a declaration filed online by an individual or entity will have to mandatorily bear a "digital signature" for validation.

Black Money: PMLA action if illegal foreign assets not disclosed by Sept 30

Last Updated: Monday, July 20, 2015, 15:35

Those holding illegal foreign assets abroad and not disclosing it by September 30 will face action under the stringent anti-money laundering law, the taxman has warned.

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.

Forex reserves down by $156.9 million to $354.360 billion

Last Updated: Friday, July 17, 2015, 20:44

The country's foreign exchange reserves declined marginally by USD 156.9 million to USD 354.360 billion in the week to July 10, due to fall in foreign currency assets, according to the RBI weekly data.