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Pranab to review performance of banks on June 12
Finance Minister Pranab Mukherjee will meet the chairmen and managing directors of state-run banks on June 12 to review their performance for the previous financial year and will also discuss the road map for the current financial year. The ministry will review public sector banks’ performance on growth of deposits and advances, non-performing assets (NPAs), return on assets and loan disbursal.

State Bank to cut bad loans to 1.6% in FY13
State Bank of India on Tuesday said it would reduce the proportion of its net non-performing assets (NPAs) to the total from the present 1.8 per cent to 1.62 per cent this financial year.

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FM concerned over rising NPAs of banks

Finance Minister Pranab Mukherjee on Monday expressed concern over the rise of non-performing assets (NPAs) of banks at an “unacceptable rate”, triggered by bad debts in the real

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HDFC Q4 net soars 16%

A 24 per cent rise in net interest income enabled Housing Development Finance Corporation (HDFC) Ltd to report a 16 per cent rise in its net profit during January-March 2012 at Rs 1,326 crore,

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BoB Q4 net profit rises 17%

Lower tax provisions helped public sector lender Bank of Baroda to report a 17.3 per cent rise in net profit for the quarter ended March 31, at Rs 1,518 crore, from Rs 1,294 crore in the

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Corp Bank net up 1.7%

Corporation Bank on Friday reported a marginal 1.7 per cent growth in net profit for the fourth quarter ended March 2012 at Rs 351.3 crore due to higher provision for restructured assets and a dip

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