16 of 22 PSU banks skip dividend in FY16 on mounting NPAs
Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.
Nov 20, 2016, 15:51 PM ISTPSU bad loans: Will not spare defaulters looting our banks, says PM Modi
Prime Minister Narendra Modi has said that the government will not spare those who have been looting the banks by not repaying the huge loans borrowed by them, and deal with them appropriately.
Mar 27, 2016, 11:17 AM IST