SBI’s loans to Essar were under different heads, including working capital, term loans and corporate loans.
The amount is expected to fund the govt’s new pension scheme
The Department of Financial Services has directed the National Bank for Agriculture & Rural Development (Nabard) to ascertain the size of the capital requirement.
The treasury gains led to Rs 570 crore write back in provision which helped containing the net loss.
NBFCs have been on thick of things and showed high growth taking the advantage of poor financial health of several public sector banks.
The bank reported Rs 2,524 crore of fresh bad loan in the December quarter.
The lens will be on Shaktikanta Das, the new governor of Reserve Bank of India. Will he be a hawk or a dove?
This was the bank's seventh consecutive quarterly loss as sticky assets continued to strain the balance sheet. Net loss was Rs 638 crore in the year ago period while it was Rs 883 crore in the preceding quarter.
Presenting a Rs 9 crore deficit budget at the state assembly, Mitra has a provided for the Kishak Bandhu scheme announced by Banerjee in December last year.
Satin's collection efficiency of loans disbursed after January last year reached 99.5%.
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