SBI Card’s bad loans surge amid Covid-19 pandemic
NEW DELHI: Amid financial stress among borrowers in view of the ongoing coronavirus pandemic, SBI Cards and Payments reported a rise in its gross non-performing assets (NPA) during the quarter ended September. The company’s gross NPA (GNPA), during the July-September quarter, was at 4.29 per cent, against 2.33 per cent from the same period of […]
YES Bank posts net loss of Rs 629 crore in September quarter as bad loans spike
NEW DELHI: Yes Bank on Friday reported a consolidated net loss of Rs 629.1 crore for the September quarter due to a spurt in bad loans. The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal. Sequentially, there was net profit of Rs 95.56 […]
Public sector banks recover Rs 1.2 lakh crore from bad loans in 2018-19
NEW DELHI: Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, primarily helped by resolution under the Insolvency and Bankruptcy Code (IBC), an official said. During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans. “Due to non-resolution […]
Canara Bank Q4 net loss narrows to Rs 551 crore as bad loans lower
NEW DELHI: State-owned Canara Bank on Friday said its net loss narrowed multi-fold to Rs 551.53 crore for the fourth quarter of fiscal 2018-19, mainly driven by lower provisioning for bad loans. The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal. For the full […]