State Bank of India (SBI) on Friday put on sale two non-performing assets (NPAs) worth Rs 787 crore and sought bids from asset reconstruction companies (ARCs) on a cash basis, or through a mix of cash and security receipts (SRs), according to a sale document.
Wilful defaulters rise 1.7% till December, owe Rs 1.10 lakh crore to PSBs
The number of wilful defaulters, who did not repay loans to public sector banks (PSBs) despite the capacity to do so, rose by 1.66 per cent to 9,063 in the April-December period of the current fiscal, government said today.
PNB may be given 1 year to provision against Rs 12,646 cr fraud
The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country's biggest ever banking fraud of Rs 12,646 crore allegedly masterminded by billionaire diamantaire Nirav Modi.
The ET announces the first edition of NBFC & MFI Summit 2018
Owing to the growing significance of Non-Banking Financial Companies (NBFCs) & Micro-Finance Institutions (MFIs) in the country, The Economic Times is set to host the first edition of NBFC & MFI Summit on 8th March 2018. This day-long conference will have an eclectic mix of speakers highlighting the overall success of the industry through case studies; discuss the challenges through panel discussions and exploring ways in which technology is changing the face of this indu ..
Now, Canara Bank alleges Rs 500 cr fraud by Chirag computer makers, PNB also has an exposure
After the alleged PNB fraud case, Canara Bank has alleged that the directors of Chirag Computers bypassed a consortium of 10 banks including the Punjab National Bank and State Bank of India, by forging documents and displaying inflated funds.