Indian Overseas Bank to Offload ₹11,500-Cr NPAs to ARCs
State-owned Indian Overseas Bank (IOB) has announced plans to sell ₹11,500 crore worth of non-performing assets (NPAs) to asset reconstruction…
10 JAN 2025
NPAs
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Federal Bank Q2 Results: Net Profit surges 36% to Rs 954 Crore
Federal Bank, a private sector lender, reported a growth in net interest revenue that helped the company’s standalone net profit…
17 OCT 2023
India’s banks collectively wrote bad loans worth Rs 2 trillion in 2018-19
42 Indian scheduled commercial banks (SCBs) collectively wrote off bad loans worth Rs 2.12 trillion worth in 2018-19, as per…
29 NOV 2019
‘Cyber security Preparedness Programmes, A Necessity for Every Bank’
With the rapidly rising significance of technology, ensuring adequate Cyber Security preparedness at the banks on an ongoing basis is…
11 MAY 2019
RBI relaxes bond-loss provisions, would ease PSB’s margins
In a significant relief to the lenders hit by treasury losses and bad loans, the Reserve Bank of India (RBI)…
07 JUN 2018
Centre expects banks to write back over Rs 1 lakh cr with clearance of 12 major NPAs
Union Ministry of Finance is expecting the banks to get back over Rs 1 lakh crore with the resolution of…
21 MAY 2018
SBI steps up NPA plans, not to fund project finance
In a bid to curb the rising menace of Non-Performing Assets (NPAs), public lender State Bank of India (SBI) has…
04 MAR 2018
Government closes 35 overseas PSB branches; puts 69 offices under review
The Centre has ordered the shutting down of 35 overseas branches of Indian Public Sector Banks (PSBs) and also reviewing…
03 MAR 2018
Newsmakers in BFSI Sector- 2017
As the year draws to a close, The Banking & Finance Post presents a look back at some of the…
26 DEC 2017
Shutdown loss-making branches: Finance Ministry directs public sector banks
In a bid to mellow down the rising menace of Non-Performing Assets (NPAs) in public sector banks, Ministry of Finance…
25 DEC 2017
