Search For "non performing assets"
SBI Q4 net profit jumps 41 per cent to Rs 9,113 crore
Updated : 1 week, 5 days ago IST
New Delhi [India], May 13 (ANI): The country's largest lender State Bank of India (SBI) on Friday reported Rs 9,113.53 crore net profit for the fourth quarter of 2021-22, 41.27 per cent higher than Rs 6,450.75 crore recorded in the corresponding period of the previous year.
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HDFC Bank gross NPA declines to 1.17 per cent in March 2022
Updated : 1 month, 1 week ago IST
Mumbai (Maharashtra) [India], April 16 (ANI): The asset quality of India's largest private sector lender HDFC Bank has improved as the bank's gross non-performing assets (NPAs) declined to 1.17 per cent of gross advances as on March 31, 2022, as against 1.32 per cent as on March 31, 2021, a
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Writing off does not mean completely waiving money due from NPAs: Sitharam
Updated : 1 month, 4 weeks ago IST
New Delhi [India], March 29 (ANI): Finance Minister Nirmala Sitharaman on Monday said that writing off does not mean "completely waiving the amount" and banks follow up on loans to recover the outstanding dues.
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Kotak Mahindra Bank Q3 profit rises 31 per cent to Rs 3,403 crore
Updated : 3 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], January 28 (ANI): Kotak Mahindra Bank on Friday said its consolidated net profit rose 31 per cent to Rs 3,403 crore during the third quarter of the current financial year from Rs 2,602 crore recorded in the corresponding quarter of the previous year.
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Canara Bank Q3 profit surges 115.8 per cent
Updated : 3 months, 4 weeks ago IST
Mumbai [India], January 27 (ANI): Canara Bank said on Thursday its net profit surged 115.8 per cent year-on-year to Rs 1,502 crore in the third quarter of the current financial year as against Rs 696 crore recorded in the corresponding quarter of previous year.
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HDFC Bank Q3 net profit rises by 18 per cent to Rs 10,342 crore
Updated : 4 months, 1 week ago IST
Mumbai [India], January 15 (ANI): HDFC Bank said on Saturday its net profit for the third quarter of the current financial year rose to Rs 10,342.2 crore, posting an increase of 18.1 per cent over the corresponding quarter of last year.
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Banks' gross NPAs may rise to 9.5 per cent in Sept 2022: RBI
Updated : 4 months, 3 weeks ago IST
Mumbai [India], December 29 (ANI): The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday.
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Income Tax Department conducts searches in Mumbai
Updated : 5 months, 1 week ago IST
New Delhi [India], December 15 (ANI): The Income Tax Department has carried out search and seizure operations on four Asset Reconstruction Companies (ARCs) in Mumbai, informed the Ministry of Finance on Wednesday.
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Reforms initiated in financial system, public sector banks over last 7 yea
Updated : 6 months, 2 weeks ago IST
New Delhi [India], November 12 (ANI): Prime Minister Narendra Modi on Friday said that in the last seven years, non-performing assets were recognized with transparency in the country and pointed out that multiple reforms were carried out in the financial system and public sector banks in
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SC refuses to entertain Swamy's plea for guidelines to check NPAs, says
Updated : 7 months, 2 weeks ago IST
New Delhi [India], October 7 (ANI): The Supreme Court on Thursday declined to entertain a plea filed by Subramanian Swamy seeking direction to frame guidelines to deal with the ever-increasing Non-Performing Assets (NPAs) in the banking sector.
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SC declines to entertain plea seeking guidelines to tackle rising NPAs in
Updated : 7 months, 2 weeks ago IST
New Delhi [India], October 7 (ANI): The Supreme Court on Thursday declined to entertain a plea filed by BJP MP Subramanian Swamy seeking direction to frame guidelines to deal with the ever-increasing Non-Performing Assets (NPA) in the banking sector.
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After Centre's four R's strategy, banks recovered Rs 5,01,479 crores in pa
Updated : 8 months, 1 week ago IST
New Delhi [India], September 16 (ANI): In the last six financial years, after the Centre's four 'Rs' strategy (Recognition, Resolution, Recapitalisation and Reforms) was executed, banks have recovered Rs 5,01,479 crores, said Union Finance Minister Nirmala Sitharaman on Thursday.
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