YES Bank Drops 20% as Bad Loans Soars and Provisions Surge
On Thursday, shares of YES Bank fell limply nearly 20 per cent. This was hit over five years low as many brokerage firms slashed its...
Tag : NPA’s
Federal Bank Q1 Profit Jumps 46% YoY
On Tuesday, private lender Federal Bank reported YoY 46.25 per cent increase in standalone profit at Rs 384.21 crore compared with the same quarter last...
Bajaj Finance Crosses Rs 2 Trillion Market Cap
On Tuesday, Bajaj Finance Ltd crosses market capitalization of Rs 2 trillion after its shares hit on an all-time high. Shares of the Indian Non-Banking...
Allahabad Bank Reports A Net Loss Of Rs.1944 Crores
One of the largest state-owned lenders, Allahabad Bank released their first quarterly report for the current fiscal year with a net loss of Rs. 1994 crores. The...
BoI recovers Rs.7,000 crore worth NPA’s
Bank of India (BoI), has recovered non performing assets (NPA) worth Rs.7,000 crore, which the bank had given against Standby Letters of Credit (SLOCs). As...
SBI starts the process of selling NPA’s worth Rs.1,580 cr
State Bank of India (SBI) has initiated the process of selling its non performing assets (NPAs), worth Rs.1,580 crore to various financial institutions. As per a...