On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March

Bad Boy Billionaires India trailer: The show looks into the rise and fall of four of India's billionaires, Vijay Mallya, Nirav Modi, Subrata Roy and Byrraju Ramalinga Raju

Stocks to watch today on August 24: Oil India, ICICI Lombard, Indiabulls Housing, Godfrey Phillips, Union Bank among others are the top stocks to watch out for in Monday's trading session.

While the figures show a drop of 70 per cent, the bank in a regulatory filing said the results are not comparable as it merged Oriental Bank of Commerce and United Bank of India with itself effective April 1, 2020

Stressed entities, especially MSMEs, that have defaulted for more than 30 days should be given an opportunity for loan restructuring, says PNB MD and CEO S S Mallikarjuna Rao

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

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

The first part of the plan would be to sell majority stakes in Bank of India (BOI.NS), Central Bank of India (CBI.NS), Indian Overseas Bank (IOBK.NS), UCO Bank (UCBK.NS), Bank of Maharashtra and Punjab & Sind Bank (PUNA.NS)

Higher voting rights in private bank may come as a dampener for attracting new investors into the bank; investors may feel that SBI would call shots in deciding future strategy

The American credit rating agency expects the majority of capital injection to come through in FY22, as bad loan recognition has been pushed back by a 180-day regulatory moratorium

Nonetheless, collective bad loans of the public sector entities saw a decline of 2.5 per cent last fiscal. The gross NPA ratio of the country's largest public sector lender SBI was down 138 basis points year-on-year, at 6.15 per cent

The public sector lender plans to raise funds to meet its growth and regulatory requirements, PNB Managing Director S S Mallikarjuna Rao said

The country's leading lender SBI is upgrading its existing work-from-home policy to work-from-anywhere, as it gears up to adjust to the new challenges posed by COVID-19

EPFO has been releasing the payroll data of new subscribers since April 2018, covering a period starting from September 2017

Indian Embassy officials said the transcript of the remarks of the MEA spokesman Anurag Srivastava were found to have been removed from the Embassy's account of Sina Weibo on June 18

Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed

In Q4, net loss narrowed to Rs 697.20 crore due to lower provisioning against bad loans

In the wake of COVID crisis, the finance ministry last week asked all ministries and departments not to initiate any new scheme in the current financial year and said that there is a need to use resources prudently in these difficult times

The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends

Axis Bank share price has lost 42.85% during the last one year and fallen 42.38% since the beginning of this year. However, the large cap stock has gained 20.78% in last one month.