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State-owned bank’s losses increase in Q2 due to bad loans

Though banks are reaching some sort of stability following the recent provisions by the Government of India to help banks focus on their lending...

SBI to sell NPAs worth Rs.3,900 crore to asset reconstruction companies

India’s largest lender State Bank of India (SBI) is planning to sell non-performing assets (NPAs) worth Rs.3,900 to asset reconstruction companies (ARCs) and various...

Rs.383 crore NPAs put up for sale by State Bank of...

In order to make up for their losses from non-performing assets, State Bank of India has fixed a bid for 10 September 2018, in...

PNB receives Rs.2,816 crore capital infusion from the government

India’s second largest public sector bank Punjab National Bank (PNB) received Rs.2,816 crore under the capital infusion program proposed by the government. PNB announced...

Allahabad Bank to raise Rs.1,900 crore through issuance of equity shares

Allahabad Bank, one of the state-owned banks in the country, aims to raise about Rs.1,900 crore through various means. While the total requirement is...

Capital infusion into PSBs not sufficient to support credit growth: Moody’s

Global credit rating agency Moody’s stated that the government’s ambitious plan of capital infusion to the tune of Rs.2.11 lakh crore into public sector...

Punjab National Bank aims to recover bad loans amounting to Rs.20,000...

While most assumed that Punjab National Bank (PNB) would be put under prompt corrective action (PCA) by the Reserve Bank of India for their...

Punjab National Bank not to be put under PCA by the...

Despite Punjab National Bank posting the highest loss by a domestic bank in the country at the end of Q4 (January to March, 2018),...

Bank of Baroda Q4 losses cross Rs.31 billion

With a number of banks across the country in the soup with the surge of bad loans in their books, Bank of Baroda has...

Union Cabinet clears ordinance for amendment of bankruptcy code

The Union Cabinet has approved an ordinance to incorporate new amendments to the Insolvency and Bankruptcy Code (IBC). These new amendments have relaxed the...