SBI says bankruptcy code can't solve all problems for banks

Last Updated: Monday, August 31, 2015, 22:19

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

IDBI not selling bad loans to ARCs; PNB thinks of new ways

Last Updated: Tuesday, August 25, 2015, 23:24

Even as they sit on mountain of bad loans, public sector lender IDBI Bank Tuesday said it's not selling stressed loans to ARCs, while its larger peer PNB said it prefers innovative ways to tackle the situation.

Public sector banks get revamp plan, political interference to be checked: FM

Last Updated: Friday, August 14, 2015, 19:38

The government has decided to inject Rs 70,000 crore in PSBs in four-year period starting this fiscal with Rs 25,000 crore.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

State Bank of India Q1 net profit rises 6% to Rs 4,714 crore

Last Updated: Tuesday, August 11, 2015, 15:09

State Bank of India on Tuesday reported a 5.9 percent increase in net profit at Rs 4,713.57 crore for the first quarter ended June on the back of a decline in bad loans.

Chinese banks bad loan ratio goes up in Q2 ?

Last Updated: Monday, August 10, 2015, 21:04

Chinese banks bad loan ratio has increased by 1.5 per cent at the end of June, 0.11 per cent higher than March with the value of outstanding non- performance loans went up by USD 17.6 billion, the communist giant's banking regulator said.

Stressed loans to add $16 billion to Indian banks' capital needs

Last Updated: Thursday, August 6, 2015, 13:34

Most state-run lenders have high levels of bad loans and their shares are trading below their book values.

Govt seeks Parliament nod for Rs 25,500 cr additional spending

Last Updated: Friday, July 31, 2015, 16:38

The Finance Ministry on Friday sought Parliament's nod to spend an additional Rs 25,500 crore in the current fiscal, nearly half of which will be spent on capital infusion into state-owned banks to help them overcome the high bad loans situation.

Dena Bank net plummets 81% as bad loans jump in Q1

Last Updated: Thursday, July 30, 2015, 15:49

Mid-sized public sector lender Dena bank on Thursday said its net profit for the June quarter plunged 81.4 percent to Rs 15.16 crore on account of higher operating expenses as well as provisioning for bad loans.

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.

Banks to witness bad-loans pressure in FY'16: Moody's

Last Updated: Tuesday, July 28, 2015, 15:40

State-owned banks have little capacity to improve their generally weak capital buffers through retained earnings as capital infusion, including from government, is likely to remain scarce, it said.

Banks to witness bad-loans pressure in FY'16: Moody's

Last Updated: Tuesday, July 28, 2015, 15:40

State-owned banks have little capacity to improve their generally weak capital buffers through retained earnings as capital infusion, including from government, is likely to remain scarce, it said.