LIC Housing Finance looks at securitisation of Rs 5,000 crore loan

Last Updated: Saturday, September 12, 2015, 15:48

Simply put securitisation of loan is selling the loan portfolio to a buyer for a consideration. The loan book that thus sold will not figure in the balance sheet of the seller.

UBI looks to bring down gross NPA below Rs 6,000 cr

Last Updated: Friday, August 28, 2015, 17:33

The gross NPA level in percentage terms was around 9.5 percent.

ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15

Last Updated: Wednesday, August 26, 2015, 21:24

The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.

All-out efforts on to bring down PSU banks' NPA: Jaitley

Last Updated: Friday, August 21, 2015, 14:27

Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.

Difficult to give fresh loans to NPA accounts: SBI

Last Updated: Thursday, August 20, 2015, 15:50

Country's largest lender State Bank of India on Thursday expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not have any incentive by doing so.

Worst is over on asset quality: SBI

Last Updated: Tuesday, August 11, 2015, 22:29

Country's largest lender SBI Tuesday said its worst asset-quality woes are behind it, expressing confidence that the situation will only improve going forward.

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.

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.

Rajan warns of action against banks hiding true NPA numbers

Last Updated: Tuesday, August 4, 2015, 22:02

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

Yes Bank shares gain nearly 3% on rise in Q1 net profit

Last Updated: Wednesday, July 29, 2015, 18:39

Shares of Yes Bank rose nearly 3 percent Wednesday after the company reported 27.7 percent rise in net profit during the first quarter ended June, 2015.

RBI says 'watchful' of banks' bad loans levels

Last Updated: Wednesday, July 29, 2015, 10:01

Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."

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.