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Public sector banks see Q1 profits decline on provisions
Wed, Jul 29 2015. 12 36 AM

Public sector banks see Q1 profits decline on provisions

Net profit in June quarter falls 84% for Bank of India, 48.7% for Punjab National Bank, 21.88% for Union Bank
Q1 results: Too early to say if PNB is out of the woods
Wed, Jul 29 2015. 12 30 AM

Q1 results: Too early to say if PNB is out of the woods

Total stressed assets, including recast loans, as a percentage of the loan book, remain elevated at 16.9%
Raghuram Rajan to meet ARCs, PE firms, banks to discuss stressed assets
Wed, Jul 29 2015. 12 02 AM

Raghuram Rajan to meet ARCs, PE firms, banks to discuss stressed assets

The meeting agenda’s could include looking for ways to encourage greater participation of PE funds in resolution of distressed assets as the ARCs have been unable to attract a lot of foreign capital
The naked truth about PSU banks
Wed, Jul 29 2015. 12 01 AM

The naked truth about PSU banks

Rising bad assets are to blame for the dismal results announced by three large PSU banks on Tuesday
Punjab National Bank may take over steelmakers to recover debt
Tue, Jul 28 2015. 09 42 PM

Punjab National Bank may take over steelmakers to recover debt

PNB is considering taking charge of some companies over the next two years, changing their management and then selling stakes
How ‘Mint’ sees the draft financial code
Tue, Jul 28 2015. 05 25 PM

How ‘Mint’ sees the draft financial code

A selection of edits, opeds and columns on the Indian Financial Code over the last two years
Banks to witness bad-loans pressure in FY’16: Moody’s
Tue, Jul 28 2015. 05 14 PM

Banks to witness bad-loans pressure in FY’16: Moody’s

According to Moody’s the Indian banks are unlikely to reduce their problem loan ratios in FY2016
PNB Q1 profit nearly halves, shares up on stable bad loan ratio
Tue, Jul 28 2015. 02 06 PM

PNB Q1 profit nearly halves, shares up on stable bad loan ratio

The stock jumps 6.7% as the bank’s bad loan ratio fell marginally in the three months to June
Rupee falls to 6-week low as banks accumulate dollars to buy gold
Tue, Jul 28 2015. 02 26 AM

Rupee falls to 6-week low as banks accumulate dollars to buy gold

The home currency closed at 64.17, down 0.20% from its previous close of 64.04, after touching a low of 64.21, a level last seen on 16 June
Creditors to take control of Electrosteel Steels under new rule
Tue, Jul 28 2015. 12 00 AM

Creditors to take control of Electrosteel Steels under new rule

Kolkata-based firm has outstanding debt of more than Rs9,500 crore

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