"As per information provided by Indian Banks' Association (IBA), NPAs of PSBs increased from 7.29 per cent as on March 31, 2016 to 8.97 per cent as on March 31, 2018," Shiv Pratap Shukla said
Earlier this week, the Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda.
NB has informed that these funds are duly audited by the bank's statutory central auditors every year, Jaitley added.
The government had decided to tap SBI with the object of bringing some of the best practices of the country’s largest bank into smaller nationalised banks.
A report by rating company Icra said that housing finance companies are likely to grow at 12-14% in the second half of the financial year.
Jet Airways, the second biggest domestic carrier, has defaulted. A few years ago, its default wouldn’t be even public.
Bankers said the originating bank does not have information on whether the destination account is a Jan Dhan account since in most cases the two entities are separate.
The Union Cabinet approved the amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda on Wednesday.
The company also made disclosures that its co-founders Singh and Upasana Taku earned Rs 2.15 crore each during the reported year.
A parliamentary panel asked the central bank to review its rules on capital requirement for banks beyond the limits under the global Basel III capital regulations, which could improve their lending ability.
RBI has allowed the scheme for restructuring of stressed assets with credit facilities not exceeding Rs 25 crore as on January 1.
Mobile wallet cos get a briefing on interoperability from major card networks in the country
Dena Bank's shareholders will receive 110 equity shares of BoB of face value Rs 2 for every 1,000 shares they held.