RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long According to an RBI survey, consumer confidence, as measured by the current situation index, in early March 2020 remained broadly close to the all-time low.
As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief As six Indian public sector banks (PSBs), some of which have been in existence for over a century, ceased to exist on April 1 after their amalgamation with bigger PSBs, old timers are looking back at the halcyon days of these institutions wistfully.
Exclusive: PNB expects Rs 5,000cr fresh slippages in Q4; COVID-19 to take a toll on asset quality, says MD&CEO Mallikarjuna Rao PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy
All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.
D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 3% Bank stocks are falling as investors fear that the lockdown triggered by COVID-19 will have a serious impact on businesses across the sectors and banks may see a rise in their bad loans due to this.