Page 51 - Indian Banks

Letters: Take the right step

According to recent data, Indian banks have close to Rs 700,000 crore in bad loans

Indian banks' loans rose 4.8% in 2 weeks to Feb 17: RBI

Deposits rose 12.8%, the RBI's weekly statistical supplement

Banks' finances to improve by this year-end

Asset sales, turnaround of stressed companies to boost banks' balance sheets

Indian banks' loans rose 9.4% y-o-y in two weeks to June 24: RBI

Outstanding loans rose Rs 4,950 crores to Rs 72,56,000 crores in the two weeks to June 24

Indian Bank profit falls 59% in March quarter

Bank says it has cleaned balance sheet on major stressed sectors & decided to position as mid sized bank with focus on retail