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DLF Acquires 29 Acres of Land in Gurugram for Housing Project

Realty major DLF Ltd to acquire 29 acres of land in Gurugram from IREO for a housing project after taking over bad loans worth Rs 825 crore related to the land....

AU Small Finance Banks Q3 Profitability Hit by Rising Bad Loans

AU Small Finance Bank reported a 4% decline in net profit to Rs 375 crore for Q3 FY23 due to an increase in bad loans. Despite a rise in total income, higher provisions and contingencies impacted profitability....

Bank of Maharashtra Q2 net profit jumps 72% to Rs 920 crore

State-owned Bank of Maharashtra (BoM) on Monday posted a 72 per cent jump in net profit at Rs 920 crore for the September quarter, aided by a decline in bad loans and a rise in interest income. The lender had reported ...

IndusInd Bank Consolidated Net Profit Rises 57% To Rs 1,805 Cr In Q2

Private sector IndusInd Bank on Wednesday declared more 57% rise in its consolidated net profit at Rs 1,805.22 crore in the quarter ended September 2022. The bank had declared a net profit of Rs 1,146.67 crore in the year-ago quarter, ...

Indian Overseas Bank Q1 Net Profit Surges 20% Amid Decline In Bad Loans

State-owned Indian Overseas Bank (IOB) on Saturday posted a 20 per cent rise in net profit to Rs 392 crore for the first quarter of the current financial year, helped by a decline in bad loans. The Chennai-based lender had ...

Union Bank Of India Q1 Net Profit Surges, Stock Falls 2.24%

Union Bank of India on Tuesday reported a 32 per cent rise in standalone net profit to Rs 1,558.46 crore for the quarter ended June 2022, helped by a fall in bad loans. Its core interest income also rose at a healthy ...

PNB's Shares Fall After Lender Under Reports Bad Loans

Shares of Punjab National Bank declined in Monday's trade by as much as 2.8% to Rs. 62.60 as against previous session's close of Rs. 64.45 per share on the NSE. The decline has come as the public sector lender has ...

Yes Bank Trades Lower On Divergence Of Bad Loans

Yes Bank drags lower by 3% after reports that the RBI has found that the bank has under-reported bad loans worth Rs. 3277 crore in the year ended March 2019.In respect of the same, the bank said already classified loans amounting ...

RBI Red Flags Increase In Bad Loans From Mudra Scheme

The RBI has warned the government that the industry already being witness to huge NPAs may yet again see a surge in NPAs or non performing assets from the government's flagship scheme that aims at promoting micro businesses in the country ...

IBA Decides On Inter-Creditor Agreement For Bad Loan Resolution

As per the presentation made by Indian banks to the finance ministry the inter-creditor agreement has been finalized which will aid faster resolution of stressed assets. On Thursday the IBA met so as to discuss the agreement that will ...

Govt Mulls New Entity To Deal With Bank NPAs Speedily

On Friday, the interim finance minister Piyush Goyal announced the set up a committee that over the period of next two weeks will deliberate on steps to tackle the menace of bad loans or non-performing assets of the Indian banking system. ...

RBI Revises NPA Rules For Banking

To rule out all possible chances of NPAs taking a heavy toll on the banking industry from now on, the central bank has revised rules per se stressed assets. Some of the regulatory overhauls made are listed hereforth: Identify defaults ...

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