Feb 10, 2017 at 16:52 | Source: Moneycontrol.com
Public sector lender Bank of Baroda turned profitable in October-December quarter, with net income at Rs 252.67 crore against big loss of Rs 3,342.04 crore in same quarter last year due to sharp fall in provisions.
Feb 01, 2017 at 18:59 | Source: Moneycontrol.com
In an attempt to help banks reduce their tax outgo, the Union Budget offered a 1 percent tax sop on provisions towards non-performing assets (NPAs). However, bankers are not too happy as this may not be a substantial gain for the banks.
Jan 31, 2017 at 19:40 | Source: PTI
Public lender UCO Bank's net loss narrowed by a huge 71 per cent to Rs 437.09 crore for the quarter ended December on lower provisions for bad loans.
Jan 31, 2017 at 15:59 | Source: Moneycontrol.com
Country's largest private sector lender ICICI Bank reported a 19 percent degrowth in third quarter profit at Rs 2,441.82 crore year-on-year, with significant deterioration in asset quality. It was impacted by lower net interest income, other income and operating profit but sharp fall in provisions helped net income to beat street estimates.
Jan 23, 2017 at 14:53 | Source: Moneycontrol.com
In conversation with Malini Bhupta of Moneycontrol, the banks Chief Financial Officer, Jairam Sridharan, believes that stressed assets could have peaked in FY17. Edited excerpts:
Jan 11, 2017 at 13:22 | Source: Moneycontrol.com
Private sector lender South Indian Bank's third quarter profit grew by 9.6 percent to Rs 111.38 crore compared with year-ago period, driven by other income and operating profit. Asset quality improved, though provisions were higher during the quarter.
Jan 05, 2017 at 12:36 | Source: CNBC-TV18
Banks are seeking deep restructuring for large NPA cases outside of S4A and an upgradation of the portion of debt and the lower provisioning requirement.
Nov 15, 2016 at 11:00 | Source: CNBC-TV18
Speaking to CNBC-TV18 Satpal Arora, MD of Tourism Finance Corp said they have made provisions for Rs 20 crore.
Nov 11, 2016 at 15:48 | Source: PTI
Provisioning for bad loans increased to Rs 956.81 crore, up 82 percent from Rs 524.86 crore in the second quarter of the last fiscal, Andhra Bank said in a BSE filing.
Nov 10, 2016 at 11:48 | Source: CNBC-TV18
In conversation with CNBC-TV18, Ravi Krishan Takkar, MD & CEO of the bank, said net non-performing assets (NPA) have come down from 10.04 percent as on June to 8.83 percent. This is due to good recovery and the bank was able to upgrade few account during this quarter.