Bank strike likely on February 28, to hit most PSU bank services
Operations at public sector banks may be hit on Tuesday as most unions under the aegis of UFBU have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans in the banking sector.
Feb 26, 2017, 13:18 PM IST
Finance Ministry revises criteria for recapitalisation of PSU banks
State-owned banks looking forward to the next round of capital infusion will need to fulfill a new set of criteria, including credit recovery, as the Finance Ministry has revised the recapitalisation norms.
Sep 11, 2016, 11:33 AM IST
Indian banks' bad loans may rise to 8.5% by March 2017: RBI
Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews, a Reserve Bank of India (RBI) report said on Tuesday.
Jun 28, 2016, 17:40 PM IST
'Intermediate mechanism for NPA resolution on anvil'
Worried over mounting bad loans, the Bank Board Bureau (BBB) is working out an "intermediate mechanism" to ensure early resolution of the problem and also to provide comfort to the bank management with regard to settlement of dues.
May 20, 2016, 16:58 PM IST
No bonus for PSU bank chiefs for missing targets!
Zee Media Bureau
Mounting bad loans of banks in India are eating into the profitability of the top banking chiefs too!
May 20, 2016, 11:43 AM IST
Corporate debt worth $178 billion at default risk: BNP Paribas
A whopping 16.1 percent or USD 178 billion worth of corporate credit in India is at risk of default, making the domestic banking system the worst in Asia in terms of bad loans, says a report.
Apr 19, 2016, 21:26 PM IST
More steps in offing to empower banks to recover bad loans: FM
Finance Minister Arun Jaitley today said the government is considering more steps to empower banks to recover bad loans, and in any case the volume and extent of the problem should not be exaggerated so as to lead to any panic.
Feb 12, 2016, 15:39 PM IST
