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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Yes Bank Reports Surprise 80% Plunge In Quarterly Profit
Yes Bank reported a surprise 80% plunge in quarterly profit on Saturday as provisions for bad loans increased.
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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.
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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.
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In Biggest Deal Till Date, Yes Bank Transfers $5.81 Billion Of Bad Loans
The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors.
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Centre Cleared Pending Road Projects, Saved Banks From Rs 3 Lakh Crore Bad Loans: Minister
"We have saved Indian bank from 3 lakh crore NPAs," Road Transport and Highways Minister Nitin Gadkari told the members.
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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.
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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.
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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.
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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.
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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.
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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.
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Yes Bank Reports Surprise 80% Plunge In Quarterly Profit
Yes Bank reported a surprise 80% plunge in quarterly profit on Saturday as provisions for bad loans increased.
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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.
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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.
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In Biggest Deal Till Date, Yes Bank Transfers $5.81 Billion Of Bad Loans
The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors.
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Centre Cleared Pending Road Projects, Saved Banks From Rs 3 Lakh Crore Bad Loans: Minister
"We have saved Indian bank from 3 lakh crore NPAs," Road Transport and Highways Minister Nitin Gadkari told the members.
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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.
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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.
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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.
