Bad Loans In India
- All
- News
- Videos
-
Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
-
Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry
Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.
-
SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
-
Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
-
Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.
-
Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
-
Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister
RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.
-
Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.
-
Bank of Baroda's Net Profit Rises 59% To Rs 3,313 Crore In Q2
State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income.
-
State Bank of India (SBI) Net Profit Jumps 74% To Rs 13,265 Crore In September Quarter
State Bank of India (SBI) on Saturday said its standalone profit jumped 74 per cent to Rs 13,265 crore in the second quarter of FY23, aided by lower bad loans and higher interest income.
-
Yes Bank Q2 Profit Falls 32% To Rs 153 Crore On Provisioning
India's Yes Bank said on Saturday its profit fell in the July-September quarter as it set aside more provisions for bad loans recorded in previous quarters.
-
Lower Bad Loans Push Public Sector Banks' Profitability In June Quarter
Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters.
-
Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
-
Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry
Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.
-
SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
-
Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
-
Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.
-
Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
-
Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister
RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.
-
Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.
-
Bank of Baroda's Net Profit Rises 59% To Rs 3,313 Crore In Q2
State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income.
-
State Bank of India (SBI) Net Profit Jumps 74% To Rs 13,265 Crore In September Quarter
State Bank of India (SBI) on Saturday said its standalone profit jumped 74 per cent to Rs 13,265 crore in the second quarter of FY23, aided by lower bad loans and higher interest income.
-
Yes Bank Q2 Profit Falls 32% To Rs 153 Crore On Provisioning
India's Yes Bank said on Saturday its profit fell in the July-September quarter as it set aside more provisions for bad loans recorded in previous quarters.
-
Lower Bad Loans Push Public Sector Banks' Profitability In June Quarter
Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters.
