Bad asset

The saving grace for Indian corporate entities could come from the expected bounce in certain beaten-down sectors, mainly due to plant closures, transfers to stronger hands and a general decline in supply. Photo: Reuters<br />

Companies | An upturn is uncertain

4 min read . 31 Dec 2015
Indian Overseas Bank currently tops the list of 24 listed public-sector banks that have at least 5% or more gross NPAs. Photo: Pradeep Gaur/Mint<br />
The bank’s provisions and contingencies for the June quarter stood at Rs1,360 crore, up 72.5% from Rs788 crore in the same period last year. Photo: Pradeep Gaur/Mint<br />

Canara Bank Q1 profit falls 41%

1 min read . 05 Aug 2015
HDFC Bank is believed to have sold 80% of its `550 crore exposure to a stressed asset to an ARC but other banks that lent to this account haven’t done so. Photo: Bloomberg<br />
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