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    • Indian Overseas Bank targets Rs 2,500 crore recovery in Q4, expects major recovery from key accounts

      In the period between April and December 2024, the recoveries reached Rs. 1,855 crores, which is a 30.92% increase compared to Rs. 1,417 crores in the same period last fiscal year.

    • Coronavirus update: India reports 12,847 new Covid cases, 14 fatalities in last 24 hours

      The data updated at 8 am also recorded 14 fresh fatalities, pushing the overall death figure to 5,24,817.

    • Interview | Expect Rs 15,000-crore loan recoveries in FY23, says Canara Bank MD and CEO LV Prabhakar

      Prabhakar said the bank will obtain board approval to raise up to Rs 9,000 crore via AT-I and tier-II bonds latest by the first week of June.

    • Expect Rs 650-700 cr recoveries in Q3: United Bank of India

      Discussing the second quarter numbers in details, Managing Director Pawan Kumar Bajaj of United Bank of India said the quarter gone by saw improvement in recoveries and expect them to improve further in quarters ahead.

    • Bank of India gross slippages down over 60% QoQ to Rs 6,232 cr

      Steps taken to clean up the books has led to significant quarter-on-quarter decline in Bank of India‘s gross slippages to Rs 6,232 crore from Rs 16,805 crore, said Managing Director & CEO, Melwyn Rego.

    • Recoveries for banks to start in second half of FY'18

      Lenders' hopes of recovering money from assets qualified as 'bad' recently will come true in the latter half of the next fiscal, once changes in redressal mechanisms are introduced, BofA-ML said on June 9

    • Rs 400-500 cr worth accounts cause for trouble in FY17:Dena Bank

      The bank's total restructured books currently stand at around Rs 7900 crore out of which 27 percent slipped in the last year.

    • Seen more recoveries than slippages in Q2: United Bank

      The bank reported a profit of Rs 43.8 crore profit in Q2 as against Rs 489.47 crore loss in the same period last year.

    • Cabinet Committee in action mode to clear big investments

      The Cabinet Committee on Investments, headed by the PM, will meet around January 15. Investments in oil sector worth USD 13.5 billion that are stuck for want of clearances is top on the agenda, reports Nayantara Rai of CNBC-TV18.

    • JPMorgan profit falls 3 pct, but tops view

      JPMorgan Chase & Co first-quarter profit fell 3% as recent recoveries in trading and deal-making failed to lift investment banking revenue to earlier levels. But results still beat Wall Street expectations

    • Better prices to help record profits in Q4: Sakthi Sugars

      Managing director of Sakthi Sugars M Manickam says that better prices and recoveries will help them post profits in the upcoming quarter.

    • Will cut back on slippages on good recoveries: Union Bank

      SS Mundra, executive director of Union Bank expects to see positive flows in total income from treasury in the current quarter.

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