Finance Minister Niramala Sitharaman.

Photo: The Economic Times

FM Nirmala Sitharaman To Meet MD, CEOs Of Public Sector Banks

To review the financial performance of public sector banks (PSBs), Finance Minister Nirmala Sitharaman decided to meet in person with the MD and CEOs of PSBs on August 25 in Mumbai. Reportedly, banks may have to infuse more "loan growth in productive sectors" to soon revive the economy from the COVID-19 pandemic impact. Moreover, details on the recovery of NPA and bad loans will also be discussed.

Sun, 15 Aug 2021 - 08:32 PM / by Brijesh Goswami

Tags: Finance Minister, Public Sectors Banks, Mumbai, Covid-19, NPAs

Courtesy: Money Control

Representational image

Photo: Telegraph India

IDBI Bank No More Under RBI's PCA Framework After Improving Finances

The Reserve Bank of India (RBI) on March 10 stated that private lender IDBI Bank has been removed from its prompt corrective action (PCA) framework after four years. Reportedly, the IDBI's removal resulted from the bank's refined financial and credit profile, especially in regulatory capital, net non-performing assets, and leverage ratio. Besides enabling amplification of business, the freshly granted immunity may facilitate strategic… read-more

Thu, 11 Mar 2021 - 01:00 PM / by Ashly Ann Varghese

Tags: RBI, IDBI, private bank, PCA, NPAs, Government, Disinvestment

Courtesy: Business Standard

Indian Railway

Photo: Bloomberg Quint

Railways' Finance Arm IRFC's Q3 Profit Clocks 16% Rise To Rs 2,934 Cr

The Indian Railway Finance Corporation Ltd has reported a 16% surge of Rs 2,934 crore in its Q3 of FY21 profit ending December 2020. Additionally, the company witnessed a 10.76% rise in its total revenue that stood at Rs 11,315.51 crore. Interestingly, allowing interim dividend, the IRFC also revealed having no NPAs and credited government linkages, strong Capital Adequacy Ratio and positive credit ratings behind the growth.

Sun, 14 Feb 2021 - 07:46 PM / by Nikita Thakur

Tags: IRFC, Indian Railways, Companies, QUARTER PROFITS, NPAs

Courtesy: LiveMint