Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3Loans written off by a clutch of 19 large and mid-sized public-sector banks (PSBs) in the December quarter of FY19 rose 34% year-on-year (y-o-y) to nearly Rs 41,000 crore, contributing to a reduction in their non-performing assets...
HSBC’s 2018 profit misses estimates; China weakness poses growth risks (Reuters)HSBC Holdings Plc posted on Tuesday a 15.9 percent rise in 2018 profit, supported by business growth in its core markets of Asia and Britain, but market weakness in the fourth quarter resulted in the bank missing street...
Bank is taking steps to expedite release of insurance money to the next of kin of the martyred soldiers, SBI said.State Bank of India Monday said it would waive all outstanding loans taken by 23 CRPF personnel who were killed in the Pulwama terror attack. The state-owned lender...
Earlier this month, the RBI cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI)...
PNB’s business momentum continues to be softPunjab National Bank (PNB), post three quarters of muted profitability (losses), reported PAT of `2.5 bn in Q3FY19. This was led by better-than-expected asset quality even as business momentum continued to remain soft. Key highlights:(a) slippages were restricted at sub-Rs 40 bn...
SBI takes work-life balance to a new high cutting mechanical lives in the budThe nations largest lender State Bank has begun a massive employee engagement programme to ensure its 2.6 lakh-strong staff does not work mechanically and is sufficiently motivated to take on newer challenges that the future...