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asset quality

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Minister of state for finance and corporate affairs Anurag Thakur addressing mediapersons at CII’s northern region headquarters in Sector 31, Chandigarh, on Sunday.(HT PHOTO)

Centre aims to make India 3rd largest economy by 2025: Anurag Thakur

Hindustan Times, Chandigarh | By HT Correspondent, Chandigarh
PUBLISHED ON MAR 02, 2020 12:28 AM IST
Union minister Says Vivad se Vishwas scheme will resolve 90% pending tax cases
The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile.(Reuters/File Photo)
The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile.(Reuters/File Photo)

SBI misses fourth-quarter profit estimate, provisions up quarter-on-quarter

Reuters | By Reuters
UPDATED ON MAY 10, 2019 02:52 PM IST
The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile.
A farmer winnows paddy crops at a field on the outskirts of Agartala, the capital of the northeastern state of Tripura, on December 2, 2018.(AFP)
A farmer winnows paddy crops at a field on the outskirts of Agartala, the capital of the northeastern state of Tripura, on December 2, 2018.(AFP)

Expect India’s real GDP to grow 7.2% in FY 18-19, says Moody’s

New Deli | By Press Trust India
UPDATED ON DEC 03, 2018 10:13 AM IST
It said the outlook on Indian banks was stable due to the strength of the economy and weak but steady asset quality.
There is some concern in the government that the books of banks have deteriorated under the RBI’s watch, and that the blame for this is being passed on without adequate accountability(Hindustan Times)
There is some concern in the government that the books of banks have deteriorated under the RBI’s watch, and that the blame for this is being passed on without adequate accountability(Hindustan Times)

The RBI can do better than this on the autonomy front

By Shishir Gupta
UPDATED ON OCT 31, 2018 12:01 PM IST
Instead of excluding the central government and players in the financial sector in a quixotic show of independence, it should work with them
The combined institution would have the second largest branch network, with about 9,500 outlets nationwide, Moody’s added.(AFP)
The combined institution would have the second largest branch network, with about 9,500 outlets nationwide, Moody’s added.(AFP)

Merger of Bank of Baroda, Vijaya Bank and Dena Bank credit positive, says Moody’s

Hyderabad | By Press Trust of India
PUBLISHED ON SEP 20, 2018 04:12 PM IST
The merged bank would have a market share of about 7.2 per cent in deposits and 6.8 per cent in loans, based on March 2018 data, which would make it the second-largest bank by deposits and the third-largest by loans, Moody’s said in its report on Wednesday.
A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad.(Reuters File Photo)
A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad.(Reuters File Photo)

Fitch downgrades PNB’s viability rating on deteriorating credit profile

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON JUN 04, 2018 05:26 PM IST
PNB’s viability rating has been downgraded to ‘b’ from ‘bb-’ and maintained on ‘rating watch negative’ (RWN).The viability rating reflects PNB’s weak capitalisation and profitability due to poor asset quality.
A man walks past the signboard displayed at the State Bank of India main branch in Mumbai.(Reuters File Photo)
A man walks past the signboard displayed at the State Bank of India main branch in Mumbai.(Reuters File Photo)

Regulator unearths nearly $7 billion worth bad loans at big PSU banks

Bloomberg | By Jeanette Rodrigues
UPDATED ON MAY 29, 2018 11:35 AM IST
Hidden bad debt is a blow to the banking sector sector given that half of India’s 22 state-run banks are already under the RBI’s strict Prompt Corrective Action program that restricts lending and expansion.
The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File)
The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File)

Bank of Baroda posts Rs 3,102 crore loss for Q4 as bad loans surge

Press Trust of India, New Delhi | By Press Trust of India, New Delhi
UPDATED ON MAY 25, 2018 07:26 PM IST
Asset quality of the bank worsened as gross non-performing assets or bad loans surged to 12.26% of gross advances as on March 31, 2018, against 10.46% as on March 31, 2017
DENA BANK(HT Photo)
DENA BANK(HT Photo)

RBI puts Dena Bank under prompt corrective action, bars from giving fresh credit

Press Trust of India, New Delhi | By Press Trust of India, New Delhi
UPDATED ON MAY 12, 2018 12:41 PM IST
Dena bank on Friday reported widening of its net loss to Rs 1,225.42 crore in the March quarter on mounting bad loans and higher provisioning to cover them.
ICICI Bank’s soured assets have weighed on the bank’s shares, which are the worst performers among private-sector peers since May 2009, when Kochhar took over as CEO.(Hemant Mishra/mint)
ICICI Bank’s soured assets have weighed on the bank’s shares, which are the worst performers among private-sector peers since May 2009, when Kochhar took over as CEO.(Hemant Mishra/mint)

ICICI shares soar, CEO Kochhar says bank getting grip on bad loan problem

Bloomberg | By Anto Antony
UPDATED ON MAY 08, 2018 12:27 PM IST
ICICI jumped 6.3% as of 10.20 am, set for the biggest gain since Oct. 25, and was the top stock on Bloomberg’s Asia Pacific Banks Index.
HDFC bank in Connaught place in New Delhi, India.(Livemint File Photo)
HDFC bank in Connaught place in New Delhi, India.(Livemint File Photo)

HDFC Bank profit up 20% to Rs 4,799.3 crore in Q4, to raise up to Rs 50K cr

Press Trust of India, Chennai | By Press Trust of India
UPDATED ON APR 21, 2018 07:33 PM IST
The HDFC Bank board has also approved raising up to Rs 50,000 crore through private placement of perpetual debt instruments in the next 12 months , the bank said in a filing to BSE.
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