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Tag: non-performing assets (NPAs)

PNB targets to recover bad loans worth Rs.20,000 crore in FY2020

India’s second-largest public sector lender, Punjab National Bank (PNB), hopes to recover non-performing assets worth Rs.20,000 crore in the current financial year. The bank aims to perform...

SBI and OBC invite bids from ARCs to sell stressed assets...

Public sector banks State Bank of India (SBI) and Oriented Bank of Commerce (OBC) have placed stressed assets worth Rs.5,740 crore on sale to recover their...

ICICI Bank third-quarter net profit drops 3%

ICICI Bank’s net profit dropped by 2.7% to Rs.1,604.91 crore for the third quarter which ended December as compared to Rs.1,650 crore profit it...

Syndicate Bank creates Stressed Asset Management vertical to recover NPAs

In a bid to recover its non-performing assets (NPAs), Syndicate Bank has established the Stressed Asset Management (SAM) vertical comprising credit and legal experts....

Indian Bank posts Q2 net profit of Rs.150 crore

Indian Bank recently announced its results for the second quarter of the year, with the bank posting a net profit of Rs.150 crore during...

South Indian Bank, IndusInd Bank register profits in Q2

South Indian Bank and IndusInd Bank recorded a strong performance in Q2 of the current fiscal, with both banks registering an increase in their...

Govt. expects to recover Rs.1.8 lakh crore worth bad loans in...

The government expects to recover non-performing assets (NPAs) worth Rs.1.8 lakh crore during the fiscal year 2018-19. During a press conference, India’s finance minister...

Bank of India invites bids for 45 stressed accounts worth Rs.8,800...

Bank of India, the state-owned public sector bank based in Mumbai, has invited bids from asset reconstruction companies for the sale of Rs.8,800 crore...

Bank of India to raise Rs.1,000 crore through sale of non-core...

Bank of India, a public sector bank based in Mumbai, is reportedly looking forward to raising Rs.1,000 crore by selling some of its non-core...

Rs.64,106 crore of NPAs recovered by PSBs in FY2018, reveals RTI...

A response to an RTI query has revealed that public sector banks (PSBs) in the country have made actual recoveries of non-performing assets (NPAs)...