NON PERFORMING ASSETS

  • State Bank of India Q3 net profit dips 34% at Rs 2,234 crore February 14, 2014

    Mumbai: State Bank of India (SBI) on Friday posted a 34 per cent decline in net profit at Rs 2,234.34 crore for the third quarter ended December 31, 2013 on account of higher provisioning for bad loans. The country's largest bank had a net profit of Rs 3,396 crore on standalone...
  • NPAs not alarming, but time for corrective steps, says Raghuram Rajan December 18, 2013

    Asserting that the level of bad loans is not alarming, Governor Raghuram Rajan on Wednesday said the Reserve Bank has come out with a discussion paper on stressed asset management to prevent any further threat to the system and revive units that have the potential to generate revenue. "The level of...
  • PC to meet heads of PSU banks on March 18 March 10, 2013

    New Delhi: Amid moderation in economic growth, Finance Minister P Chidambaram is likely to prod banks to step up lending at a meeting with heads of public sector banks on March 18. The broad agenda of the meeting include direct benefit transfer, deteriorating asset quality and credit growth. Non-performing assets of...
  • Pranab asks banks to reduce nonperforming assets June 13, 2012

    New Delhi: Finance Minister Pranab Mukherjee on Tuesday asked banks to reduce nonperforming assets (NPAs) for the financial health of the sector. "I am happy that banks have taken up the challenge to reduce NPAs and made a record recovery against prudential writeoff in the last quarter ending March 2012... I...
  • Indian banks healthy but stress signals showing October 5, 2011

    The past three months have been tough for Indian banking. High interest rates and threats of a global recession have taken their toll on bank stocks. The NSE banking index fell 15 per cent compared with the Niftys 11 per cent slide in the past three months. Indian banks, ironically,...