United Bank profit at Rs 41.78 cr in Q3

Last Updated: Tuesday, February 10, 2015, 15:07

State-owned United Bank of India today posted net profit of Rs 41.78 crore for its third quarter ended December 31 despite increase in bad loans.

Guidelines soon for converting banks' NPAs to equity in cos

Last Updated: Tuesday, December 9, 2014, 22:27

As banks seek to convert their distressed debt into equity in cases of corporate defaults on loans, financial regulators SEBI and RBI are in discussions to put in place a mechanism for such share purchases by lenders.

NBFCs' bad loans level may go up to 6.1% in over 3 years: Care

Last Updated: Sunday, December 7, 2014, 12:46

NBFCs have witnessed a stress in asset quality during the last two-three years due to weak operating environment and economic downturn.

SC seeks Centre's response on law declaring NPAs

Last Updated: Friday, November 28, 2014, 22:10

The Supreme Court on Friday sought a response from the Centre and the State Bank of India (SBI) on a plea challenging the constitutional validity of certain provisions of a law under which a bank declares an account Non Performing Assets (NPA).

Gross NPAs of PSU banks rise to 5.33% at September end FY15

Last Updated: Friday, November 28, 2014, 17:15

The gross NPAs of state-run lenders stood at 4.72 percent of total advances at the end of March 2014.

Canara Bank Q3 net profit drops 42.39% on higher provisioning

Last Updated: Friday, January 31, 2014, 20:04

The bank's gross NPA stood at Rs 8,074 crore, with a gross NPA ratio of 2.79 percent compared to 2.77 percent as in December 2012.

SBI fears more strain on asset quality

Last Updated: Tuesday, January 14, 2014, 18:32

SBI's gross NPA fell to 5.64 percent of total advances as on September 2013.

Commerce for the poor is more viable than commerce for the rich: K C Chakrabarty

Last Updated: Monday, January 13, 2014, 14:45

We certainly hope 2014 turns out to be better than 2013. RBI believes the worst is over for the economy.

Philippine rebels stage attack just before Christmas truce

Last Updated: Tuesday, December 24, 2013, 15:24

Communist insurgents in the southern Philippines torched three taxis barely an hour before their 48-hour Christmas truce took effect, police said Tuesday.

Rajan says NPAs not alarming, but time for corrective steps

Last Updated: Wednesday, December 18, 2013, 17:18

Asked whether the RBI believes in the private data on NPAs and whether the central bank has any different set of numbers, Rajan answered in the negative.

RBI launches discussion paper on NPAs

Last Updated: Tuesday, December 17, 2013, 20:17

The development comes amidst fear of bad loans hitting a record high of around Rs 2.9 trillion by the end of the fiscal or 4.5 percent of the total banking assets.