Bad loan mounts: Five public sector banks such as Bank of Baroda, UCO Bank, Central Bank of India, Allahabad Bank and Dena Bank on Friday registered a combined net loss of over Rs 6,700 crore for the quarter ended March 2016
Flagging "under-recognition" of bad loans by banks as a concern, ratings agency Moody's said asset quality of the 11 rated PSU banks may face further stress as restructured loans may eventually turn into NPAs.
Rural Electrification Corporation (REC) has invested R1,500 crore in the additional tier-1 (AT-1) bonds or perpetual bonds of Indian Bank, Syndicate Bank and Vijaya Bank, reports Bhavik Nair in Mumbai.
We remain cautious on PSU banks, as we see continued asset quality stress. We think the macro turnaround is not imminent, and this should drive further worsening of the asset quality cycle, with credit costs remaining elevate
According to an official, the regulator did not find anything wrong with its investment pattern in PSU banks. Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the f
Since the financial year ending March 2014, the government has infused Rs 35,547 crore of equity into 21 public sector banks, including State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB).