PNB, Corp Bank most aggressive in going after big debtors; SBI, BoB more relaxed

Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows. In the last four years, these two banks […]

Rising NPAs lead to credit downgrade for Central Bank of India

Central Bank of India said the ratings on its bonds have been downgraded by Brickwork Ratings due to a deterioration in its financial condition. The bank is among many government-owned lenders that have come under substantial stress in recent quarters due to loan defaults by big borrowers. Many private companies in India are defaulting on […]