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  Rs 2.6 lakh crore may slip into NPA category in next 12-18 months: India Ratings

  May 17, 2017 20:42 IST

  Domestic rating agency India Ratings and Research today said around 35 per cent of Rs 7.7 lakh crore loans may slip into the NPA category in the next 12-18 months.

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  PAC calls heads of public sector banks to discuss NPAs, Mallya loans

  February 21, 2017 21:39 IST

  Heads of public sector banks will soon appear before the Public Accounts Committee (PAC) to explain issues relating to NPAs, including the loans given to Vijay Mallya-led firms.

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  Sale of Essar Oil likely to reduce bank's NPA by 10%: Analysts

  October 18, 2016 9:31 IST

  With government mounting pressure on defaulting firms to sell their profitable assets to reduce their debts, the 86000 crore acquisition of Essar Oil, India's second biggest private oil firm, by Russian giant Rosneft will salvage

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  Sitaram Yechury asks PM Modi to name India's top 100 loan defaulters

  Politics | July 08, 2016 17:55 IST

  CPI-M General Secretary Sitaram Yechury has asked Prime Minister Narendra Modi to start recovering loans from top 100 defaulters in the country.

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  Significant part of bank NPAs a result of fraud: CAG

  July 01, 2016 18:44 IST

  New Delhi: Comptroller and Auditor General (CAG) of India Shashi Kant Sharma today said that a significant part of banks' non-performing assets (NPAs) were a resilt of loans obtained through fraudulent methods. "There is a

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  Rising NPAs, loan frauds drive banks to detectives’ alley

  June 19, 2016 13:49 IST

  New Delhi: Burgeoning cases of non-performing assets (NPAs) and piling loan frauds have led banks to private detectives for conducting ‘undercover’ operations to unearth hidden data against defaulters who have cheated them of crores of

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  At Rs 5,367cr, PNB posts biggest ever loss in Indian banking history

  May 18, 2016 16:28 IST

  Creating history of sorts, state-run Punjab National Bank has posted a loss of Rs 5,367 crore for the quarter ending March 2016, making it the biggest ever quarterly posted by an Indian bank in the industry.

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  ED files money laundering case against liquor baron Vijay Mallya

  March 07, 2016 17:09 IST

  New Delhi: In a move that could spell more trouble for beleagured liquor baron Vijay Mallya, the Enforcement Directorate(ED) today registered a frrsh money laundering case against him based on an FIR filed by the

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  Public banks' NPAs up at Rs 2.67 lakh crore in FY 2015: Jayant Sinha

  July 21, 2015 21:50 IST

  New Delhi: Bad loans at public sector banks have increased to Rs 2.67 lakh crore at the end of March 2015 from Rs 2.16 lakh crore a year ago, minister of state for finance Jayant

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  Jaitley to soon meet PSU bankers on NPA, stake sale issues

  May 19, 2015 12:44 IST

  New Delhi: Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.“Banks are coming to meet

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  IOB logs Rs 516 crore net loss and growth in NPA

  February 05, 2015 19:07 IST

  Chennai: Government-owned lender Indian Overseas Bank (IOB) on Thursday reported a whopping net loss of Rs.516 crore for the quater ended Dec 31, 2014 as against a net profit of Rs.75 crore earned for corresponding

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  Need to clean up bad debts in banks within a year: Rajan

  January 03, 2015 21:16 IST

  Pune: Reserve Bank Governor Raghuram Rajan today made a strong case for cleaning up bad debts of banks and restructures other possible NPAs within a year to put the economy back on track.He also favoured

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  Banking services affected as PSU employees go on strike

  November 12, 2014 12:23 IST

  New Delhi: The United Forum of Bank Unions (UFBU), an umbrella body of some nine bank unions in the public sector banking industry (and in some old generation private banks), is on all India strike

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  Trainee IPS officer drowns at police academy in Hyderabad

  India | August 29, 2014 13:17 IST

  Hyderabad: A trainee police officer drowned in a swimming pool at Sardar Vallabhbhai Patel National Police Academy (NPA) here late Thursday night, sources said.Manu Mukt Manav, a trainee Indian Police Service (IPS) officer belonging to

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  Kochhar says NPA crisis of banking sector over

  July 14, 2014 16:38 IST

  Mumbai: Top banker Chanda Kochhar has said there can be some addition to the non-performing assets (NPAs) of banks during the current fiscal, but the worst appears to be over. “There will be some addition to

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  Rise in NPA drags Central Bank of India Q4 Net down 4 pc

  May 10, 2014 19:29 IST

  Mumbai: State-run Central Bank of India today reported a decline of 4 per cent in net profit to Rs 162.44 crore for the January-March period due to rise in non-performing assets.The bank had reported a

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  SBI to sell Rs.3,000 cr bad loans this fiscal

  March 23, 2014 20:56 IST

  New Delhi: State Bank of India (SBI) will sell bad loans amounting to Rs.3,000 crore in the last quarter of the ongoing fiscal, chairman Arundhati Bhattacharya said here on Saturday.“We will sell bad loans of

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  In the midst of rising NPA, United Bank of India boss quits

  February 22, 2014 12:55 IST

  Kolkata/New Delhi: Archana Bhargava, chairman and managing director of United Bank of India, resigned here, on Friday.  Bhargava, who joined the Kolkata-based bank 10 months ago, quit on medical grounds, finance ministry officials said.The bank

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  SBI says Rs 11,200 crore infusion may be too low

  February 17, 2014 21:09 IST

  Mumbai: Country's largest bank SBI today said the Rs 11,200-crore budgetary allocation for state-run banks' recapitalisation for FY'15 may not be sufficient given the systemic credit growth and migration to the capital-intensive Basel-III framework.“The proposed

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  Vote on account 2014: Govt plans to infuse Rs 11,200 crore in PSU banks in 2014-15

  February 17, 2014 15:51 IST

  New Delhi: Finance Minister P Chidambaram today proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year."In 2014-15, I propose to provide Rs 11,200 crore for