Don’t declare any account not in default till August 31 as NPA: Supreme Court
NEW DELHI: In an interim relief to borrowers, the Supreme Court on Thursday directed banks not to declare loan accounts, which were not under default till August 31, as non-performing assets (NPAs), until further orders. A bench comprising Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah said: “At the request of Tushar Mehta, Solicitor […]
SBI reports net profit of Rs 838 crore in Mar 2019 quarter; trims bad loan ratio
NEW DELHI: Country’s largest lender SBI on Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down. The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during the corresponding January-March quarter of 2017-18. Income (standalone) […]