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  SBI Q4 profit jumps 80 pc to Rs 6,451 crore as bad loans situation improves

  Business | May 21, 2021 17:25 IST

  SBI had earned a profit of Rs 3,580.81 crore during the January-March period of 2019-20, the lender said in a regulatory filing.

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  Rahul Gandhi raises issue of bad loans in Lok Sabha, uproar in House

  Politics | March 16, 2020 14:15 IST

  Congress leader Rahul Gandhi on Monday raised in Lok Sabha the issue of bad loans and sought a list of 50 top wilful defaulters.

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  Strict action taken against over 6,000 erring PSB officials for bad loans in FY18: Arun Jaitley

  Business | December 28, 2018 19:04 IST

  In a written reply in the Lok Sabha, Finance Minister Arun Jaitley said that stringent action including dismissal, compulsory retirement and demotion, was taken against these officials in connection with the bad loans.

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  Public sector banks recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Shiv Pratap Shukla

  Business | December 14, 2018 19:06 IST

  Bank of Baroda also had NPAs to the tune of Rs 46,454 crore, Canara Bank Rs 41,907 crore, Central Bank of India Rs 37,411 crore, Indian Overseas Bank Rs 35,607 crore and UCO Bank Rs 28,822 crore.

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  NPA cases worth Rs 8,000 cr likely to be resolved during this fiscal: IFCI

  Business | September 16, 2018 17:34 IST

  As many as seven cases were resolved through the National Company Law Tribunal (NCLT) and payment has been received in Bhushan Steel, Basai Steel & Power Limited and Monnet Ispat cases, he said.

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  IDBI Bank’s net loss widens to Rs 5,663 crore in Q4; NPAs soar to 28%

  Business | May 25, 2018 16:19 IST

  IDBI Bank’s gross NPA soared to 27.95% of its loans at March 2018-end compared to 21.25% at the end of March 2017. Similarly, the net NPAs were 16.69% compared to 13.21%.

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  SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

  Business | May 22, 2018 15:22 IST

  Total income during the January-March quarter was up at Rs 68,436.06 crore, from Rs 57,720.07 crore in the same period a year earlier.

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  SBI, UCO Bank look for buyers to sell Rs 1,245 cr NPAs; e-bidding on March 23

  Business | March 12, 2018 12:57 IST

  The gross non-performing assets (NPAs) of all the banks in the country amounted to Rs 8.41 lakh crore at end-December, bulk of which is in the books of public sector banks (PSBs).

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  Banks hit by NPAs, scams need to overcome problems fast to lend large credit: Former RBI governor

  Business | March 07, 2018 13:11 IST

  "I think that through recapitalisation and other measures, we really need to ensure that the banking system gets strong enough to be able to begin the process of lending."

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  New NPA framework not to cut Axis Bank too deep, says chief Shikha Sharma

  Business | February 14, 2018 19:29 IST

  Banks are already bleeding due to the systemic clean-up of their books undertaken by RBI over the past three years and the newer accounting system may only aggravate the pains.

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  RBI’s revised NPA resolution framework long-term positive: Report

  Business | February 14, 2018 17:29 IST

  The report states that the new framework has the potential to bring about a big change in the approach of banks to monitor their exposures and resolution of non-performing assets (NPAs).

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  As NPAs soar 34.5% in Q3, new RBI guidelines expected to add further stress on public sector banks

  Business | February 14, 2018 7:17 IST

  Worse may not be over for the banking sector. As the bad loans are on a steady rise, new RBI guidelines are expected to add over Rs 2.8 trillion worth of loans in NPA category.

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  Key highlights of RBI’s revised guidelines to deal with NPAs

  Business | February 13, 2018 20:05 IST

  The Central bank also abolished half a dozen existing loan-restructuring mechanisms.

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  RBI's new norms on bad loans wake up call for defaulters: Govt

  Business | February 13, 2018 19:20 IST

  Financial Services Secretary Rajiv Kumar said the RBI's new rules are a "wake up call" for defaulters.

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  RBI notifies revised framework to deal with bad loans

  Business | February 13, 2018 6:34 IST

  Among other things, the RBI has decided to do away with the Joint Lenders’ Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued.

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  Arun Jaitley blames erstwhile UPA regime for bad loans; says ‘govt putting all resources to resolve NPAs’

  Business | January 04, 2018 19:46 IST

  Jaitley said that it was reckless lending by banks during the boom years in the previous government that had led to accumulation of such huge NPAs in the banking system.

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  Creditors need to take haircut in resolving bankruptcy, says Finance Minister Arun Jaitley

  India | December 29, 2017 21:51 IST

  Jaitley was replying to the debate in the Lok Sabha on Friday after it passed the amendments to the Insolvency and Bankruptcy Code (IBC) which seek to plug potential loopholes in the Code.

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  Congress hits back at Modi government, says NPAs increased drastically after May 2014

  Politics | December 14, 2017 18:11 IST

  Congress spokesperson Randeep Singh Surjewala said that Prime Minister Narendra Modi’s charge that banks were forced to give loans to select industrialists during UPA rule are baseless.

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  Bankers decide to refer 22-23 large NPA accounts to NCLT

  Business | December 13, 2017 19:52 IST

  The lenders have also sought RBI's permission to extend the December 13 deadline for Videocon Industries, where they have huge exposure, said another banker.

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  Bad loans to banks by Congress-led UPA regime a big scam: PM Modi

  Politics | December 13, 2017 19:25 IST

  Speaking at the 90th AGM of industry association FICCI, Modi said that the non-performing asset (NPA) or bad loans problem is a "liability" handed over by "economists" in the previous regime.