Avoid indiscriminate lending to curb NPAs: Arun Jaitley to banks
In a bid to curb the rising menace of Non-Performing Assets (NPAs), Union Finance Minister Arun Jaitley directed the banks…
28 AUG 2018
non-performing assets
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Around 24 banks sign-in for Project Sashakt to combat NPAs
In a bid to speed up the recovery of Non-Performing Assets (NPAs), around 24 banks have signed inter-credior agreement (ICA)…
25 JUL 2018
RBI to set framework against faulty bank auditors
The Reserve Bank of India (RBI) is all set design a framework to put a check on any lapses by…
02 JUL 2018
PSBs write off NPAs worth Rs 1.20 lakh crore in FY18
Bringing major setback to the ongoing banking struggles, public sector banks wrote off Non Performing Assets (NPAs) worth Rs 1.20…
16 JUN 2018
RBI restricts Dena Bank from fresh credit exposure and staff recruitment
The Reserve Bank of India (RBI) has barred Dena Bank from fresh credit exposure and recruitment of new staff. The…
14 MAY 2018
AIBEA opposes CII’s proposal on PSU banks’ stake dilution
The All India Bank Employees’ Association (AIBEA) has shown it’s strong opposing against the recommendation of the Confederation of Indian…
19 DEC 2017
Union Bank records 12.5 % net profit rise in Jan-March
Robust growth in non-interest income and reversal in tax provisions helped the Union Bank of India to record a 12.5…
09 MAY 2017
Union Bank profits slip 68% in first quarter
The Union Bank has reported a 67.90 per cent decline in net profit to Rs. 166.30 crore in the quarter…
08 AUG 2016
FinMin nod to 1st round of capital infusion in PSBs likely soon
In line with its announcement earlier, the Finance Ministry is likely to soon clear the first round of capital infusion…
19 JUL 2016
