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ICICI Bank reports its first ever quarterly loss

According to a report released by Financial Express, ICICI Bank has reported its first quarterly loss in 16 years. As per the report, ICICI...

SBI hopes to recover 50% of NPAs from RBI’s first list...

India’s largest lender State Bank of India (SBI), which is marred by issues concerning non-performing assets (NPAs), hopes to recover at least 50% of...

Union Finance Minister to meet PSBs to improve bad loan scenario

In what has been a dismal year for public sector banks (PSBs) across the country, resulting in 19 PSBs reporting losses for FY 2017-2018,...

NPAs to touch Rs.9.5 lakh crore by March 2018: Assocham-Crisil study

The non-performing assets (NPAs) of public sector banks in India will cross Rs.9.5 lakh crore by the end of March 2018, according to a...

Banks may not have priced risks correctly while lending large loans:...

The Reserve Bank of India (RBI)’s deputy governor NS Vishwanathan stated that public sector banks in India may not have priced risks correctly while...

NPAs in PSU banks have crossed Rs.8.5 lakh crore, says MoS

According to Minister of State for Finance Shiv Pratap Shukla, non-performing assets (NPA) of public sector banks in the country have crossed Rs.8.5 lakh...

PSB Manthan: Finance Ministry urges banks to take swift action against...

The finance ministry has urged public sector banks in the country to take swift action against the big problem of non-performing assets (NPA). The...

RBI prepares a second list of loan defaulters

August 30, 2017 Two months after requesting banks to begin bankruptcy proceedings against 12 of the nation’s top loan defaulters, RBI has pulled out names...

Public sector banks take action against wilful defaulters

August 27, 2017 Public sector banks in the country have taken action against 5,954 wilful defaulters who owe around Rs.70,000 crore. The banks took loan...

Bank of India launches a new initiative for tackling bad loans

July 18, 2017 Bank of India (BOI) has launched a new initiative called Project Connect to tackle its problem of non-performing assets (NPAs) or bad...