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Total 21 results found. Search for [ PNB Bad Debts ]

Results 1 to 21 of 21
Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


BusinessToday.In
New Delhi, March 16, 2020
Yes Bank news: Reliance Group is one of the biggest borrowers of the troubled bank. It accounted for a significant portion of the loans disbursed for the construction sector


Manoj Sharma and Mudit Kapoor
New Delhi, August 7, 2019
While the RBI cut repo rate by 2.6 per cent since 2014, SBI cut its floating rate by 1.1 per cent only; experts cite a slowdown in household savings, bad loans, and persistent liquidity crunch in NBFC as reason for slow transmission


Reuters
New Delhi, July 14, 2019
Allahabad Bank said in a statement that it had told the Reserve Bank of India (RBI) that it had identified a fraud worth $259 million in Bhushan's accounts.


BusinessToday.In
New Delhi, June 12, 2019
Kingfisher boss Vijay Mallya also features in the list. He owes Rs 597.4 crore to the bank on the defunct airline's account.


Rakesh Krishnan
New Delhi, May 27, 2019
A malleable, manoeuvrable, corrupt system makes Britain a safe haven for years.


PTI
July 15, 2018
Last financial year, PNB made recovery of about Rs 5,400 crore. However, in the first quarter of current fiscal, the bank has done recovery of over Rs 7,700 crore.


Mail Today Bureau
June 11, 2018
Indian Bank posted the highest profit of Rs 1,259 crore and Vijaya Bank's profit was Rs 727 crore during the fiscal year. After factoring in the profit of these two banks, the net loss piled up by public sector banks works out to around Rs 85,370 crore in 2017-18 compared with a net profit of Rs 473.72 crore in 2016-17.


BusinessToday.In
April 9, 2018
The Supreme Court today said that it will decide whether a PIL which seeks a court-monitored probe into the biggest banking fraud is maintainable or not.


BusinessToday.in
New Delhi, March 1, 2018
Telecom operator Aircel recently filed for bankruptcy with Rs 15,500 crore debts on its books. This, at a time when the banking sector is reeling under rising NPAs worth Rs 8.4 lakh crore


PTI
New Delhi, February 24, 2018
Speaking for the second time this week on the scandal enveloping Punjab National Bank, Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.


PTI
February 21, 2018



Reuters
January 25, 2018
The government last October said it would inject a total of 2.11 trillion rupees into its state-run lenders over two years. The 881.4 billion rupees announced on Wednesday will be injected by March, while the rest will be doled out over the next fiscal year.


Mail Today Bureau
New Delhi, August 21, 2017
As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31 this year, straining its balance sheet and limiting its capacity to extend loans to genuine investors.


Diksha Ramesh
New Delhi, May 29, 2017
With the market being driven by high liquidity, led by domestic as well as Foreign Institutional Investments (FIIs), the banking sector is one to cash in on.


PTI
New Delhi, September 25, 2014
With a record $1 billion as the minimum net worth this year, as many as 11 persons dropped out of this year's  Forbes list including Mallya.


Manu Kaushik and Sarika Malhotra
August 27, 2014
The problem, according to experts, began during the 2008 downturn when stimulus packages were announced by the government to revive the economy. The banks began to lend generously resulting in piling up of NPAs and stressed assets.


PTI
Mumbai, June 22, 2012
Bankers have been resisting Kingfisher's demand for fresh funding, saying that the promoters, including Vijay Mallya, have to bring in at least Rs 2,000 crore as fresh capital to consider the demand.


PTI
July 28, 2011
The country's second largeststate-run lender Punjab National Bank on Thursday posted a marginal 3.4 percent rise in net profit to Rs 1,105 crore for the first quarter on account ofhigher provisioning against bad debts and decline in treasury income.


Tanvi Varma/Money Today
February 3, 2009
Getting a loan is more difficult now because rising bad debts have made banks cautious about lending. But borrowers with a clean credit profile can get good deals.


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