ICICI audit committee probing irregularities into 31 NPA a/cs hires law firm

Jul 17 2018

The independent audit committee investigating the alleged irregularities in 31 NPA accounts of ICICI Bank has hired a law firm to assist the panel, an official said.

PNB's NPA recovery in first quarter tops FY'18 level

Jul 15 2018

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank's top official has said.

NCLT allows 16 days to examine Thriveni's revised offer for Lanco Infratech

Jul 13 2018

The National Company Law Tribunal today extended the deadline by 16 days to facilitate the Committee of Creditors of Lanco Infratech to examine the revised resolution plan submitted by Thriveni Earthmovers, a Tamil Nadu-based infra and mining firm.

Allahabad Bank mulls reducing stakes in JV, associate cos to trim bad assets

Jul 12 2018

Public sector Allahabad Bank today said it is mulling to off-load non-core assets like shareholding in various joint ventures and sell immovable properties to shore up its capital base.

Karnataka Bank shares jump nearly 5% after Q1 results

Jul 12 2018

Shares of Karnataka Bank today surged nearly 5 per cent after the company posted 22 per cent rise in net profit for the quarter ended June 30.

CEA Subramanian praises Rajan for identifying NPA problem

Jul 11 2018

Outgoing Chief Economic Adviser Arvind Subramanian today expressed scepticism over the handling of the mounting NPAs crisis as he praised former RBI governor Raghuram Rajan for identifying the lacuna and trying to resolve it, sources said.

IndusInd Bank Q1 net up 24% at Rs 1,036 cr on NII, loan growth

Jul 10 2018

Private sector lender IndusInd Bank today posted a 24 per cent increase in net profit at Rs 1,036 crore in the June quarter on healthy rise in advances and core interest income.

Banks finalise inter-creditor agreement to deal with NPAs

Jul 05 2018

With a view to fast track NPA resolution, bankers today finalised the inter-creditor agreement (ICA) framework that envisages effective communication among lenders.

FM to meet heads of banks on Thursday to discuss NPA resolution structure

Jul 04 2018

Piyush Goyal will meet heads of banks tomorrow to discuss an inter-lender structure suggested under the 'Project Sashakat' that intends to fastrack resolution of stressed assets in the banking system.

Govt open to discuss RBI's power over regulating PSBs: Goyal

Jul 03 2018

Finance minister Piyush Goyal today said the government is open to discuss the issues that the Reserve Bank of India (RBI) had raised recently over the lack of powers in regulating state-run lenders.

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