NBFCs spreads may get squeezed by 50-75 bps in FY19: Report

Jul 10 2018

Non-banking financial companies (NBFCs) and housing finance companies' spreads are likely to compress by 50-75 basis points in this fiscal, says a report.

UCO Bank stresses on recovery

Jun 27 2018

UCO Bank is mainly focussing on recovery in order to return to profit, its top officials said.

Allahabad Bank looks at Rs 5,500 cr recovery in FY19

Jun 27 2018

State-run lender Allahabad Bank is looking at a recovery of around Rs 5,500 crore in the current fiscal, an official said.

IBC,new stress recognition norms bode well for system: RBI Dy Guv

Jun 26 2018

Acharya said initiatives like IBC and norms for prompt recognition of bad loans bode well for financial stability despite short-term pain.

OBC hopes to post profit, come out of PCA this fiscal

Jun 25 2018

With focus on recovery, Oriental Bank of Commerce (OBC) expects to post profit and also come out of prompt corrective action (PCA) framework of the RBI later this fiscal.

FM Goyal to meet heads of 13 PSBs on Tuesday

Jun 18 2018

Finance Minister Piyush Goyal will meet heads of 13 public sectors banks (PSBs) tomorrow to resolve various issues concerning them.

'Don't see more banks coming under RBI corrective action'

Jun 11 2018

More banks are unlikely to be brought under RBI's PCA as the situation pertaining to NPAs is expected to improve in next couple of quarters, a FinMin official said.

BoI has recovered Rs 7000 cr worth SLOCs from other banks

Mar 12 2018

Bank of India has recovered Rs 7,000 cr worth Standby Letters of Credit in the last two months and the balance of Rs.2,000 crore would be recovered in another two months.

Nirav Modi fraud case could trigger PCA on PNB: Kotak report

Feb 22 2018

The Rs 11,400 crore fraud detected at PNB could trigger prompt corrective action (PCA) by Reserve Bank, leading to stoppage in lending by it for sometime, says a report.

Govt decision on IDBI Bank privatisation stands: Jaitley

Jan 24 2018

Finance Minister Arun Jaitley said the government decision on privatisation of IDBI Bank stands and it will be implemented at the right time.

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