Updated : 1 month ago IST
Srinagar (Jammu and Kashmir) [India], May 16 (ANI): J&K Bank has reported 129 per cent growth in net profit for financial year 2018-19 at Rs 465 crore as compared to Rs 202 crore in the previous fiscal.
Updated : 1 month, 1 week ago IST
Mumbai (Maharashtra) [India], May 11 (ANI): Government-owned Syndicate Bank suffered a net loss of Rs 2,587 crore during 2018-19 on account of bad loans compared to a net loss of Rs 3,223 crore in the previous fiscal year.
Mumbai (Maharashtra) [India], May 10 (ANI): State Bank of India (SBI) on Friday reported standalone net profit at Rs 838 crore for the March quarter of the financial year 2018-19.
Updated : 1 month, 2 weeks ago IST
New Delhi [India], May 2 (ANI): Delhi's National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the banker to declare loan and Infrastructure Leasing and Financial Services (IL&FS) as a non-performing asset that has defaulted on the payments.
Updated : 1 month, 3 weeks ago IST
Mumbai (Maharashtra) [India], Apr 25 (ANI): Private lender Axis Bank on Thursday reported a net profit of Rs 1,505 crore during January to March of 2019 due to improved asset quality compared to a loss of R 2,189 crore in the corresponding period of last year.
Updated : 2 months ago IST
New Delhi [India] Apr 18 (ANI): A petition has been filed in the Supreme Court seeking to stop political quarters from offering loan waivers and other monetary schemes in their election manifestos, citing that these plans involve public money and can also adversely affect the economy.
Updated : 3 months, 3 weeks ago IST
New Delhi [India], Feb 28 (ANI): The Insolvency and Bankruptcy Code (IBC) has brought back close to Rs 3 lakh crore back into the banking system, Finance Minister Arun Jaitley said on Thursday.
Updated : 5 months, 3 weeks ago IST
New Delhi [India[, Dec 28 (ANI): The latest statutory report by Reserve Bank of India on Trend and Progress of Banking in India 2017-18 indicates that the Non-Performing Assets (NPAs) have begun to stabilise, albeit at an elevated level; capital positions have been buffered and the provision
Updated : 8 months, 3 weeks ago IST
New Delhi [India], Sep 25 (ANI): Union Finance Minister Arun Jaitley on Tuesday highlighted the impact of the formalisation of the Indian economy - through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments - on Public Sector Banks (PSBs), while also stress
Updated : 1 year ago IST
New Delhi [India], June 11 (ANI): The Bharatiya Janata Party (BJP) on Monday held the United Progressive Alliance (UPA) fully responsible for Non-Performing Assets (NPAs).
New Delhi [India], May 23 (ANI): The Centre has approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC), providing a relief to home buyers.
Updated : 1 year, 3 months ago IST
New Delhi [India], Mar. 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound financial health of banks.