Banks' asset quality to remain under pressure this year: S&P
Indian banks' asset quality and capitalisation are likely to remain under pressure in the next 12 months mainly because of tepid industrial activity and high leverage by some corporates, Standard & Poor's said Tuesday.
Mar 22, 2016, 18:47 PM IST
Crisil downgrades 8 PSBs, puts Syndicate Bank on negative watch
Credit rating agency Crisil Thursday downgraded eight PSBs including Bank of India and Canara Bank, following deterioration in their asset quality and also revised the outlook on five of them to negative.
Mar 10, 2016, 23:45 PM IST
King of bad times: This is how much Vijay Mallya owes banks!
From a 'Sweetheart deal' of $75 million with Diageo turning sour to the Supreme Court issuing notice, nothing seems to be right for the once 'King of good times' Vijay Mallya.
Mar 09, 2016, 17:22 PM IST
Expert group on consolidation of banks soon: Jaitley
Government will soon set up an expert group to look into consolidation of public sector banks as the country needs stronger rather than a large number of banks, Finance Minister Arun Jaitley said here on Saturday.
Mar 05, 2016, 19:11 PM IST
Govt to provide more capital to PSU banks, if needed: Sinha
The government today said it has a "very good sense" of the problem of bad loans in banking sector and will continue to provide funds to strengthen state-owned banks.
Mar 04, 2016, 16:28 PM IST
Budget credit negative for PSBs: Moody's
Moody's Investors Service on Thursday said the Budget for 2016-17 is "credit negative" for PSU banks as the capital infusion road map falls short of the required Rs 1.45 lakh crore.
Mar 03, 2016, 11:02 AM IST
Banks welcome RBI's new capital valuation norms
The Reserve Bank's decision to amend the capital valuation rules as per the Basel-III framework will help boost core equity of lenders, bankers said Wednesday.
Mar 02, 2016, 22:04 PM IST
PSU banks rally on RBI move, shares surge to 12.5%
Shares of state-run banks soared by up to 12.5 percent Wednesday after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles.
Mar 02, 2016, 21:56 PM IST
PSU banks rally on RBI move; shares surge up to 12%
Shares of state-run banks today soared by up to 12 percent after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles.
Mar 02, 2016, 13:52 PM IST
Govt mulls a bank to deal with bad loans
The government is looking at a proposal to set up a bank or a company to deal with the burgeoning bad loans of state-owned banks, even as the views on the issue are "vertically divided".
Feb 17, 2016, 17:20 PM IST
Rising capital needs put PSU banks at downgrade risk: S&P
Capital requirements of PSU banks for provisioning of bad loans are likely to shoot up exposing them to possible downgrades, S&P said today as it trimmed outlook on Bank of India to 'negative' from 'stable'.
Feb 16, 2016, 21:22 PM IST
SC asks RBI to give list of defaulters of over Rs 500 crore loan
The apex court also asked the Reserve Bank of India (RBI) to provide within six weeks the list of companies whose loans have been restructured under corporate debt restructuring schemes.
Feb 16, 2016, 18:13 PM IST
Supreme Court asks RBI to disclose names of India's biggest loan defaulters
The Supreme Court on Tuesday has sought a list of companies from the Reserve Bank of India (RBI) who have defaulted in paying back loan to the PSU banks and have contributed to the massive loan default of more than Rs 500 crore.
Feb 16, 2016, 15:22 PM IST
Govt to bring in more banking reforms soon: Arun Jaitley
Hinting at major banking sector reforms in the offing, Finance Minister Arun Jaitley Sunday said the country is not at a stage where the government can completely exit its holding in the 27 public sector banks.
Feb 14, 2016, 17:31 PM IST
Bad loans, weak earnings haunt PSU banks; shares tumble 11%
Investors continued to desert state -run lenders with stocks plunging by up to 11 percent Thursday amid concerns over mounting bad loans and disappointing earnings reported by them.
Feb 11, 2016, 18:40 PM IST
PSU banks hit hard by bad loans; shares plummet up to 12%
Shares of state-run lenders plunged by up to 12.4 percent Wednesday as investor sentiment was hit by mounting bad loans and disappointing earnings reported by them.
Feb 10, 2016, 20:05 PM IST
27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15
A whopping Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance sheet clean-up.
Feb 08, 2016, 22:00 PM IST
Banks impaired asset ratio to rise to 12.5% by FY17: Ind-Ra
Stressed assets in the banking system is likely to rise to 12.5 percent by the next fiscal against an estimated 12 percent in the current financial year, India Ratings said today.
Feb 01, 2016, 22:47 PM IST
No rethink on Mar'17 deadline for banks on balance sheets: RBI
The restructured and bad assets combined together have gone over 13 percent.
Jan 29, 2016, 23:48 PM IST
Finance ministry seeks banks' view on more capital infusion
Pursuant to public sector banks' revamp plan, Indradhanush, Finance Ministry has asked NPA-laden state-run lenders to present their business plans to understand their incremental capital requirement following the RBI directives to clean up their books.
Jan 26, 2016, 18:39 PM IST
