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.

Public sector banks' NPAs would come down gradually: FM

Last Updated: Tuesday, May 26, 2015, 22:28

Finance Minister Arun Jaitley on Tuesday said non performing assets of public sector banks would come down gradually over the next two-three quarters.

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.

RBI gives more leeway to banks on NPAs sales

Last Updated: Thursday, May 21, 2015, 22:45

The Reserve Bank Thursday extended the time-frame to spread over the shortfall arising out of sale of bad assets to securitisation companies/asset reconstruction companies at a price below the net book value, to March 2016.

Bad loans to rise to Rs 4 lakh cr for banks: Crisil

Last Updated: Tuesday, May 12, 2015, 23:46

Asset quality woes of banks may turn worse for banks, with their gross non-performing assets (NPA) expected to rise by Rs 60,000 crore in the current fiscal to Rs 4 lakh crore, credit rating firm Crisil said Tuesday.

17 projects turn non performing assets: Govt

Last Updated: Tuesday, May 12, 2015, 18:19

About 23 percent of the 74 projects to which public sector banks provided loans worth about Rs 54,000 crore in 2014-15 have turned non-performing assets (NPAs), Parliament was informed on Tuesday.

Loans worth Rs 54,000 cr granted by public banks turned NPAs

Last Updated: Tuesday, May 12, 2015, 17:17

About 23 percent of the projects to which public sector banks provided loans worth about Rs 54,000 crore in 2014-15 have turned non-performing assets (NPAs), Parliament was informed on Tuesday.

Asset quality woes not over for banks; GNPAs to rise: Crisil

Last Updated: Tuesday, May 12, 2015, 15:06

The scheme allows banks to refinance or sell long-term project loans after every five years. For banks to avail such a facility, the loan tenor cannot be more than 25 years.

RBI's new mechanism for banks to check loan frauds

Last Updated: Thursday, May 7, 2015, 22:16

The RBI on Thursday put in place a new framework to check loan frauds including by way of early warning signals at banks and red flagging of accounts, while swindlers will have no access to further banking finance.

HDFC Bank net up 20.6% at Rs 2,807 crore

Last Updated: Thursday, April 23, 2015, 16:12

HDFC Bank on Thursday reported 21 percent rise in its net profit at Rs 2,806.91 crore for the fourth quarter ended March 2015.

HDFC Bank Q4 net profit rises 21% to Rs 2,806.91 crore

Last Updated: Thursday, April 23, 2015, 15:09

Private lender HDFC Bank on Thursday reported 21 percent jump in net profit at Rs 2,806.91 crore for the fourth quarter ended March 2015.

Finance ministry calls meeting of bank heads on April 28

Last Updated: Sunday, April 19, 2015, 18:32

The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.