non performing assets

SBI expects another Rs.40 billion capital infusion


August 23rd, 2012 - 7:36 pm ICT by IANS
Kolkata, Aug 23 (IANS) The State Bank of India (SBI) Thursday said its meeting with the central government on capital infusion could take place this week and that it ... Read more...

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Public sector bank’s non-performing assets not alarming: FM (Roundup)


August 18th, 2012 - 7:20 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday tried to calm the jittery financial sector stating that the rise in non-performing assets (NPAs) of public sector banks ... Read more...

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Public sector bank’s non-performing assets not alarming: FM


August 18th, 2012 - 5:30 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said non-performing assets (NPAs) of public sector banks (PSBs) have risen marginally in the last fiscal and there ... Read more...

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Problems will be resolved once investment is revived: FM


August 18th, 2012 - 4:29 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said most of the country's economic problems will be solved once investment is revived."Reviving investments is a key challenge ... Read more...

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Sensex closes flat (Second Lead)


August 10th, 2012 - 5:33 pm ICT by IANS
Mumbai, Aug 10 (IANS) A benchmark index of Indian equities markets Friday closed flat amid high volatility.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened ... Read more...

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SBI profit more than doubles to Rs.3,751.56 crore


August 10th, 2012 - 4:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June ... Read more...

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UCO Bank Q1 net profit jumps 24 percent


August 4th, 2012 - 10:41 pm ICT by IANS
Kolkata, Aug 4 (IANS) Public sector lender UCO Bank Saturday reported a jump of almost 24 percent in net profit for the quarter ended June 30, 2012 at Rs.3.62 billion ... Read more...

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City Union Bank to raise Rs.250 crore through rights issue


August 3rd, 2012 - 6:03 pm ICT by IANS
Chennai, Aug 3 (IANS) City Union Bank will raise Rs.250 crore through a rights issue this year to meet its growing business needs and capital adequacy ratio (CAR), said a ... Read more...

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Indian Bank posts 13 percent growth in net profit


July 23rd, 2012 - 11:38 pm ICT by IANS
Chennai, July 23 (IANS) A good system of recovering loans and increase in interest income enabled public sector Indian Bank to post around 13 percent growth in net profit for ... Read more...

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Pranab asks banks to reduce non-performing assets


June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...

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SBI mulls reduced interest rates for small, medium enterprises


May 29th, 2012 - 10:04 pm ICT by IANS
Chennai, May 29 (IANS) India's largest government-owned lender, State Bank of India (SBI) plans to reduce its lending rates for small and medium enterprises (SMEs) from June onwards so ... Read more...

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SBI to approach Moody’s for review and re-rating


May 18th, 2012 - 10:26 pm ICT by IANS
Kolkata, May 18 (IANS) The country's biggest lender State Bank of India (SBI) is mulling to approach global credit ratings firm Moody's Investors Services to "review" its ratings, its ... Read more...

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City Union Bank targets 20-30 percent growth


May 18th, 2012 - 6:05 pm ICT by IANS
Chennai, May 18 (IANS) Privately-owned City Union Bank hopes to log a growth of 20-30 percent this fiscal despite the economic outlook not being encouraging while the net interest ... Read more...

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Huge jump in Indian Bank’s NPA


May 11th, 2012 - 8:27 pm ICT by IANS
Chennai, May 11 (IANS) State-owned Indian Bank hopes to convert a sizeable portion of its non-performing assets (NPA) into performing assets during the current fiscal, a top bank official said ... Read more...

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Canara Bank quarterly net profit declines 7.76 percent


May 10th, 2012 - 4:36 pm ICT by IANS
New Delhi, May 10 (IANS) Canara Bank Thursday posted a decline of 7.76 percent in net profit at Rs.829 crore for the quarter ended March 31 against Rs.898 crore during ... Read more...

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Union Bank of India quarterly net profit up


May 9th, 2012 - 3:44 pm ICT by IANS
Mumbai, May 9 (IANS) Public sector lender Union Bank of India Wednesday reported 29 percent increase in net profit, at Rs.773 crore for the quarter ended March 31 against Rs.597.57 ... Read more...

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Punjab National Bank quarterly net profit rises 18.6 percent


May 9th, 2012 - 2:55 pm ICT by IANS
Mumbai, May 9 (IANS) State-owned Punjab National Bank Wednesday posted 18.6 percent increase in net profit at Rs.1,424 crore for the quarter ended March 31 as against Rs.1,200.9 crore during ... Read more...

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UBI Q4 net up 4 percent


May 5th, 2012 - 10:10 pm ICT by IANS
Kolkata, May 5 (IANS) Kolkata-based United Bank of India (UBI) Saturday said it has registered a 4.2 percent growth in its net profit to Rs.1.49 billion for the quarter ended ... Read more...

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IOB targets 20 percent business growth in 2012-13


May 5th, 2012 - 10:07 pm ICT by IANS
Chennai, May 5 (IANS) The government-owned Indian Overseas Bank (IOB) hopes to log 20 percent growth in its total business (deposits plus advances) this fiscal while hoping to rein its ... Read more...

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UCO Bank net up by 12 percent in Q4


May 5th, 2012 - 9:01 pm ICT by IANS
Kolkata, May 5 (IANS) Public sector UCO Bank Saturday said it has registered a 12 percent growth in its net profit to Rs 2.53 billion during the quarter ended March ... Read more...

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Vijaya Bank net zooms 235 percent in Q4


April 30th, 2012 - 7:45 pm ICT by IANS
Bangalore, April 30 (IANS) State-run Vijaya Bank posted net profit of Rs.181 crore for the fourth quarter (January-March) of fiscal 2011-12, registering a whopping 235 percent jump from Rs.54 crore ... Read more...

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HDFC Bank Q4 profit up 30 percent


April 18th, 2012 - 3:40 pm ICT by IANS
Mumbai, April 18 (IANS) HDFC Bank, India's second-largest private lender, Wednesday reported a 30.4 percent increase in its net profit at Rs.1,453.1 crore for the quarter ended March 31, 2012, ... Read more...

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Reliance Capital Q3 net profit up 229 percent


February 10th, 2012 - 8:22 pm ICT by IANS
Mumbai, Feb 10 (IANS) Financial services major Reliance Capital Friday reported a 229 percent increase in net profit for the quarter ended Dec 31 at Rs.15.2 crore from Rs.4.62 crore ... Read more...

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SIDBI may achieve 21 percent credit growth by March-end


February 10th, 2012 - 7:05 pm ICT by IANS
Kolkata, Feb 10 (IANS) The Small Industries Development Bank of India (SIDBI), which finances the Micro, Small and Medium Enterprise (MSME) sector, Friday said it might clock an year-on-year credit ... Read more...

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UCO Bank’s Q3 net jumps 10 percent (Second Lead)


February 1st, 2012 - 9:04 pm ICT by IANS
Kolkata, Feb 2 (IANS) Public sector UCO Bank Wednesday reported a 10 percent jump in its net profit for the quarter ended December 2011 at Rs.3.33 billion from Rs.3.01 billion ... Read more...

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PNB quarterly net profit rises 5.5 percent


January 31st, 2012 - 4:39 pm ICT by IANS
Mumbai, Jan 31 (IANS) State-owned Punjab National Bank Tuesday reported a 5.5 percent increase in net profit at Rs.1,150 crore for the quarter ended Dec 31 as against Rs.1,089.77 crore ... Read more...

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Allahabad Bank’s Q3 net up by 34 percent


January 30th, 2012 - 9:57 pm ICT by IANS
Kolkata, Jan 30 (IANS) Public sector lender Allahabad Bank Monday reported a net profit of Rs.5.60 billion for the quarter ending Dec 31, 2011 against Rs.4.2 billion for the corresponding ... Read more...

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Indian Bank to convert Rs.400 crore preference shares to equity


January 30th, 2012 - 5:44 pm ICT by IANS
Chennai, Jan 30 (IANS) Public sector Indian Bank plans to convert Perpetual Non-Convertible Preference Shares (PNCPS) worth Rs.400 crore into equity at market rate soon even as it has the ... Read more...

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IOB plans recovery of Rs.1,500 crore from sticky accounts (Lead)


January 28th, 2012 - 8:40 pm ICT by IANS
Chennai, Jan 28 (IANS) With its Q3 profits down by 53 percent due to restructuring of loan accounts and the resultant reduction in income, the government-owned Indian Overseas Bank (IOB) ... Read more...

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HDFC Bank third quarter net profit up 31.2 percent


January 19th, 2012 - 6:08 pm ICT by IANS
New Delhi, Jan 19 (IANS) India's second largest private lender, HDFC Bank, Thursday reported a 31.2 percent increase in its net profit at Rs.1,429 crore for the quarter ended Dec ... Read more...

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UAE most competitive banking market in Gulf


January 14th, 2012 - 1:47 pm ICT by IANS
Abu Dhabi, Jan 14 (IANS/WAM) The United Arab Emirates (UAE) remains the most competitive banking market in the Gulf region, a report by the Abu Dhabi Islamic Bank (ADIB) has ... Read more...

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UCO Bank to open NPA auction next week


January 5th, 2012 - 6:42 pm ICT by IANS
Kolkata, Jan 5 (IANS) Public sector lender UCO Bank Thursday said it will open the auction for sale of Rs.3 to 4 billion non-performing assets (NPA) next week."We had one ... Read more...

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Reliance Commercial Finance to move out of unsecured loans


December 6th, 2011 - 1:41 pm ICT by IANS
Panaji, Dec 6 (IANS) Reliance Commercial Finance, a unit of Anil Ambani-led Reliance Group, aims to completely come out of the unsecured lending business by the end of the ... Read more...

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SBI quarterly net profit rises 12.4 percent


November 9th, 2011 - 3:09 pm ICT by IANS
Mumbai, Nov 9 (IANS) The country's largest lender State Bank of India (SBI) Wednesday reported an increase of 12.4 percent in net profit at Rs.2,810 crore for the quarter ... Read more...

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No decision on savings account rate hike: City Union Bank


November 5th, 2011 - 6:36 pm ICT by IANS
Chennai, Nov 5 (IANS) Private sector City Union Bank has decided to play a wait-and- watch game in respect of revising its interest rates on savings bank accounts, an official ... Read more...

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