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'Our NPA numbers not even 10% of GDP, make less noise about it,' says K V Kamath

May 10, 2016

'Our NPA numbers not even 10% of GDP, make less noise about it,' says K V Kamath

Kamath expressed confidence that country is certain to grow at 7.5 per cent and inching to the double-digits mark, and this can help the banks clean up the NPA problems in the short term itself. #India #K. V. Kamath #ICICI Bank #NPA #India GDP #Vajpayee govt
Budget session: India can grow faster if there is good monsoon, says Jaitley in LS

May 05, 2016

Budget session: India can grow faster if there is good monsoon, says Jaitley in LS

Notwithstanding global recession, India's economic situation is by far the best in the world and the country has the potential to do even better, Finance Minister Arun Jaitley told the Lok Sabha on Thursday. #Lok Sabha #NPA #parliament #World economy #Jaitley #tax payers
Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

May 02, 2016

Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

Embattled Liquor-baron, Vijay Mallya, has resigned from his capacity as a member of parliament, a week after the Rajya Sabha ethics panel recommended his termination. The committee had given Mallya a week to respond. Mallya’s MP status was supposed to expire in June, 2016. #Kingfisher Airlines #Vijay Mallya #NPA #IDBI Bank #PSU banks #Rajya Sabha MP #bank loan default
Supreme Court asks government to set up a panel to probe bad loans

Apr 26, 2016

Supreme Court asks government to set up a panel to probe bad loans

The Supreme Court on Tuesday asked the Union Finance Ministry to inform about the mechanism in place for recovery of huge Non-Performing Assets (NPAs) #RBI #Supreme Court #NPA #bad debt
Vijay Mallya passport suspended: Is he another Lalit Modi in the making?

Apr 16, 2016

Vijay Mallya passport suspended: Is he another Lalit Modi in the making?

The next one week would decide two things. First, the fate of Vijay Mallya as a businessman, not just in India but anywhere in the world. Second, whether Indian banks and tax authorities will get their dues or not. Mallya’s defunct airline, Kingfisher, owes Rs 9,000 crore to a host of Indian banks. #Enforcement Directorate #ConnectTheDots #Lalit Modi #Kingfisher Airlines #SBI #Vijay Mallya #NPA #public sector banks #MEA #bad loans #Majeed Memon #diplomatic passport
Supreme Court supports making loan default amount public, but RBI is against it

Apr 12, 2016

Supreme Court supports making loan default amount public, but RBI is against it

The Supreme Court today favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover. #RBI #finance ministry #Supreme Court #NPA #CPIL #bad loan #loan defaulters list
Online petition demanding criminal proceedings against corp defaulters goes viral

Apr 08, 2016

Online petition demanding criminal proceedings against corp defaulters goes viral

An online petition demanding launch of criminal proceedings against big corporate defaulters like businessman Vijay Mallya has gone viral on social media platform with over 1.10 lakh people signing the plea on technology platform Change.org in this regard. #Kingfisher Airlines #Vijay Mallya #NPA #public sector banks #online petition #Change.org #bad loan #corporate loan defaulter
Supreme Court Vs RBI: Who is right on disclosing names of big loan defaulters? Answer is both

Mar 31, 2016

Supreme Court Vs RBI: Who is right on disclosing names of big loan defaulters? Answer is both

There is no second thought on the fact that public interest is paramount than commercial interest of institutions #CIBIL #RBI #Supreme Court #Vijay Mallya #NPA #Kingfisher #wilful defaulter
The ticking NPA clock: How many crores in bad loans are weighing on Indian banks' balance sheets?

Mar 17, 2016

The ticking NPA clock: How many crores in bad loans are weighing on Indian banks' balance sheets?

Mounting bad loans on the books of Indian banks, especially state-run lenders, is a major concern of the Reserve Bank of India (RBI) and the policymakers at government. #Banks #ConnectTheDots #Raghuram Rajan #NPA #bad loans #PSBs #GNPA