Tag: Bad Loans

The date of payment of dividend is fixed on June 18, 2021 and the dividend warrants will be dispatched before the date of payment, which will be payable at par at all branches of State Bank of India, irrespective of the amount, it said.

Chennai: Public sector lender Indian Bank on Friday announced about a 50 per cent fall in its standalone net profit for the third quarter ended on December 31 in the back drop of an increased provision for bad loans, said a top bank official. For the period under review, Indian Bank posted a net profit […]

New Delhi: The government has notified the recapitalisation bonds that will allocate Rs 80,000 crore to 20 state-run banks stressed with the burden of accumulated non-performing assets (NPAs), or bad loans. The bonds, split into six instalments, will bear interest rates between 7.35 per cent and 7.68 per cent and will mature between 2028 and […]

Mumbai: Outlining its plan to deal with the mounting problem of banks’ bad loans, the Reserve Bank of India (RBI) on Monday said it will reconstitute the oversight committee (OC) to operationalise the banking ordinance for resolving the issue of non-performing assets (NPAs). “It has been decided to reconstitute the OC under the aegis of […]

New Delhi: Banks and other secured lenders may face a tough time in terms of reporting of non-performing assets in their books and may take to loan restructuring over the next one year as new cases under the Insolvency and Bankruptcy Code (IBC) will not be admitted, experts said. The Centre has suspended the admission […]