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.

Punjab National Bank Q4 net profit plummets 62% to Rs 306 crore

Last Updated: Friday, May 8, 2015, 13:26

State-run lender Punjab National Bank on Friday reported a whopping 62 percent decline in its standalone net profit to Rs 306.56 crore in the fourth quarter ended March 31.

United Bank of India Q4 net down 77% at Rs 104 cr

Last Updated: Thursday, May 7, 2015, 18:29

State-run United Bank of India on Thursday posted a steep 77.7 percent fall in net profit at Rs 104.78 crore for the last quarter of 2014-15 financial year due to rise in bad loans.

JPMorgan says banks may be making 'bad loans' as LBOs boom

Last Updated: Wednesday, April 15, 2015, 09:24

JPMorgan Chase & Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview.

Central Bank tops list with highest NPAs among PSU banks

Last Updated: Sunday, April 5, 2015, 13:31

According to the data provided by the RBI to the Finance Ministry, Central Bank of India's 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).

RBI relaxes bad loans provisioning rules for banks

Last Updated: Monday, March 30, 2015, 16:12

The relaxation will be applicable for floating provisions held by them as of the end of December 2014.

Debt conversion into equity unlikely to help lenders: Report

Last Updated: Thursday, March 26, 2015, 19:58

Relaxations given to banks by Sebi for conversion of debt in distressed companies into equity is unlikely to help lenders to solve bad loans problem, India Ratings said Thursday.

SEBI eases rules for banks to convert bad loans to equity

Last Updated: Sunday, March 22, 2015, 20:19

Mumbai: Indian banks will be able to convert distressed loans owed by listed companies into equity stakes, the Securities and Exchange Board of India (SEBI) said on Sunday, in a move that will allow lenders to reduce bad loans weighing on their balance sheets.

SBI results cheer investors as bad loans stable

Last Updated: Friday, February 13, 2015, 13:23

State Bank of India (SBI), the nation`s top lender by assets, reported on Friday a small increase in bad loans in its fiscal third quarter that was not as much as feared, sending its shares up as much as 6.8 percent.

SBI Q3 net profit surges 30%; keeps NPAs, costs under control

Last Updated: Friday, February 13, 2015, 12:38

Country's largest lender State Bank of India Friday reported a 30 percent rise in net profit at Rs 2,910 crore for the third quarter ended December 2014 helped by higher treasury income and tight cost control steps.

BoI net plunges 70% as bad loans, provisions soar

Last Updated: Thursday, February 12, 2015, 19:57

State-run Bank of India (BoI) today reported a massive 70 per cent dip in its net profit at Rs 173 crore in the quarter to December, from Rs 586 crore a year ago, driven down by a spike in bad loans and the resultant higher provisioning.

Bad loans rise at three mid-sized state lenders

Last Updated: Thursday, February 5, 2015, 17:28

UCO Bank and Allahabad Bank, two other state-run lenders that reported quarterly results on Thursday, also saw their bad loan ratios widening, leading to a fall in their share prices.