Tag Archives: Mount

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 »