GNPAs of state-run lenders improved to 14.8 percent in September 2018 from 15.2 percent in March 2018, the report said.
Second strike in a week cripples banking services across nation; cheques worth Rs 2 lakh crore held up in three states alone
In Maharashtra, Goa and Gujarat alone, cheques worth Rs 2 lakh crore were held up during the strike, a union official claimed.
Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector
Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.
Bad loans mess: Forensic audits at PSBs are a good start, but structural reforms are the need of the hour
Forensic audits of PSB loan accounts will be useful only if learnings are used to frame better policies and implement substantial structural reforms.
Rs 2.11 lakh crore recapitalisation package will also strengthen PSU banks' balance sheets: Urjit Patel
In October, govt announced Rs 2.11-trn recapitalisation or capital infusion into NPA-hit public sector banks over next two years
Jaitley said the new GST, once implemented, would have a "transformational" impact by creating a common market in India for the first time
Rajan defended the actions taken by the central bank, including ordering state-run banks to conduct comprehensive asset quality reviews of their balance sheets
Banks have recovered an aggregate Rs 2,494 crore ($371.98 million), Mallya said
For years, Indian lenders, especially state-run banks, were engaged in volume game to balloon their balance sheets and appease their promoter (the government).
S S Mundra, speaking at a business school in Mumbai, warned that merging a weak bank with a strong bank might weaken the stronger lender
This is a wake up call for other state-run banks too to begin tapping the fresh investor appetite before the market gets crowded by a series of similar issues
Union Bank’s numbers are in contrast to its private peers which have witnessed an improvement in NPA situation
Beyond the pacifying words on autonomy and support at the Gyan Sangam, Jaitley will have to bring himself some concrete roadmap in the budget
Public sector banks are witnessing an increase in their non-performing assets (NPA), a look at the earnings announced thus far indicates.
Citigroup, HSBC, Bank of America Merrill Lynch and Barclays are slashing jobs in their Indian operations at the fastest pace since the 2008 global credit crisis amid slowing operations.