Tag Archives: Bad

Buying a new car right now may be a bad idea—and cost you thousands of dollars, data says. Here’s why

If you’re looking to buy a car, experts will generally tell you to look for a pre-owned model to save money. But if you’re heart is set on driving a shiny new car off the lot, there’s another reason you may want to exercise caution: It could be less reliable than you’d think. As many as 45% of those new or ... Read More »

SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

Mumbai: A massive pile up of bad loans at its subsidiaries pulled down by 99.6 per cent the consolidated net profit of nation’s largest lender SBI to Rs 20.7 crore for the September quarter, while its standalone provisioning rose 3-fold. The bank had reported net profit of Rs 4,991.70 crore in the same quarter of last financial year, 2015-16. The ... Read More »

IndusInd Bank Q1 Net Up 26% But Higher Bad Loans Weigh On Shares

The bank’s net NPAs as a percentage of total advances ticked up sequentially to 0.38% in Q1. Private sector lender IndusInd Bank kicked off the first quarter earnings season on a strong note by reporting a 26 per cent jump in its quarterly net profit. IndusInd Bank reported a net profit of Rs 661 crore in the quarter ended June ... Read More »

Unlocking San Bernardino iPhone Would Be ‘Bad for America’ – Apple CEO

Apple chief Tim Cook on Wednesday said that complying with a court order to help the FBI break into an iPhone belonging to one of the San Bernardino shooters would be “bad for America,” and set a legal precedent that would offend many Americans. “Some things are hard, and some things are right, and some things are both – this ... Read More »

PSU Banks Book Highest Ever Loss as Bad Loans Mount

New Delhi: Hit hard by mounting non-performing assets (NPAs) or bad loans, many leading public sector banks, including Bank of Baroda, Bank of India and IDBI Bank, reported their highest ever quarterly losses aggregating to over Rs. 12,000 crore, while others like State Bank of India (SBI) and Punjab National Bank (PNB) witnessed sharp erosion in profits. Bank of Baroda ... Read More »

Bad Loan Clean-Up Takes Toll on State Banks’ Earnings

Mumbai: Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Punjab National Bank (PNB), India’s fourth-biggest state-run lender by assets, posted a 93 per cent fall in December-quarter profit, and said it expected ... Read More »