September 17, 2020 7:34 am
Mudra loan disbursements by state-owned banks rose to Rs 3.82 lakh crore in 2019-20, from Rs 3.05 lakh crore in 2018-19 and Rs 2.12 lakh crore in 2017-18. NPAs as a percentage of total loans rose to 4.92 per cent in 2019-20 from 3.42 per cent in 2017-18.
July 25, 2020 12:30 am
According to the RBI, nearly 50 per cent of the customers, accounting for around half of outstanding bank loans, opted to avail the benefit of the relief measures — loan moratorium — to tackle the lockdown impact.
March 15, 2020 1:43 pm
While the State Bank of India announced equity infusion of Rs 7,250 crore on March 12, ICICI Bank, Kotak Mahindra Bank, HDFC and Axis Bank on Friday said their boards have approved investments of Rs 1,000 crore, Rs 500 crore, Rs 1,000 crore and Rs 600 crore, respectively, in Yes Bank
June 06, 2019 3:55 pm
The RBI on February 12, 2018, issued a framework on the resolution of stressed assets under which banks were asked to disclose defaults even of a day and have to find a resolution plan within 180 days in case of large account of Rs 2,000 crore and above failing which it would send for bankruptcy.
December 14, 2018 5:00 am
The poor financial health of both MSMEs and larger corporates in Gujarat does not augur well for the state government which is looking to attract major investments in the upcoming Vibrant Gujarat summit in January 2019.
October 04, 2018 9:20 pm
Profits for the entire banking system are expected to start improving from the second half of this fiscal and turn positive for the whole fiscal, as most large private banks are expected to report profits, ratings agency Crisil said in its report.
September 18, 2018 10:20 am
In the first quarter ended June of the current fiscal, SBI has reported a hefty loss of Rs 4,876 crore due to higher NPAs or bad loans. Banks, especially state-owned, are sitting on heavy bad loans and are adopting an aggressive approach to resolve them by making recoveries through various modes.
May 20, 2018 1:03 am
A Reserve Bank of India (RBI) study has said banks were unable to increase interest rates further when gross non-performing assets (NPAs) rose amid competitive pressures.
August 13, 2017 12:35 pm
NITI Aayog's report is expected to set the tone for consolidation roadmap. Five associate banks and Bharatiya Mahila Bank (BMB) became part of SBI on April 1, 2017, catapulting the country's largest lender to among the top 50 banks in the world.
July 26, 2017 1:49 am
Axis bank’s net NPAs or bad loans increased to 2.30 per cent of net advances furnished by June-end from 1.08 per cent a year ago. In absolute terms, gross NPAs stood at Rs 22,030.87 crore as on June 30, 2017 compared to Rs 9,553.17 crore a year earlier.