Non Performing-assets

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Non Performing-assets - Total results - 328
Supreme Court extends relief on NPAs after govt says interest issue being considered at 'highest level'
India

Supreme Court extends relief on NPAs after govt says interest issue being considered at 'highest level'

The Centre told the court an expert panel has been set up to look into the interest being charged by banks on instalments deferred during the moratorium

PNB says over 1,700 wilful defaulters owe bank Rs 37,020 cr; Mehul Choksi's companies top of the list
India

PNB says over 1,700 wilful defaulters owe bank Rs 37,020 cr; Mehul Choksi's companies top of the list

Mehul Choksi-promoted Gitanjali Gems Ltd has an outstanding loan of Rs 5,064.84 crore. Gili India and Nakshatra Brands, also part of the Gitanjali Group, owed Rs 1,447 crore and Rs 1,109 crore each to PNB

ED summons Rajasthan businessman Raman Kant Sharma in Yes Bank money laundering case
India

ED summons Rajasthan businessman Raman Kant Sharma in Yes Bank money laundering case

The ED is also probing his alleged business links with Vaibhav Gehlot, the son of Rajasthan chief minister Ashok Gehlot, in the FEMA case.

Coronavirus-related cash crunch, delayed loans present threat to upcoming Kharif season for Maharashtra's farmers
India

Coronavirus-related cash crunch, delayed loans present threat to upcoming Kharif season for Maharashtra's farmers

Halgare, resident of Anandwadi village in Latur district, is among the lakhs of farmers in Maharashtra who could see their entire cropping season go down the drain if they don't receive their loans on time

Narendra Modi's Rs 20 lakh crore stimulus blends shrewd geo-economics with Swadeshi-coated booster, but it may not be a panacea for jobs growth
Business

Narendra Modi's Rs 20 lakh crore stimulus blends shrewd geo-economics with Swadeshi-coated booster, but it may not be a panacea for jobs growth

While global investors with their view from a London or New York may look at India as a long-term alternative to China, the Modi government's own close relations with Japan may provide leverage.

Bandhan Bank Q4 net profit at Rs 517 cr; gross non-performing assets fall to 1.48%
Business

Bandhan Bank Q4 net profit at Rs 517 cr; gross non-performing assets fall to 1.48%

Bandhan Bank on Tuesday said its net profit for March quarter, 2019-20 stood at Rs 517.28 crore

RBL Bank net profit declines 54% to Rs 114 cr in March quarter; bad loan provisions spike manyfold
Business

RBL Bank net profit declines 54% to Rs 114 cr in March quarter; bad loan provisions spike manyfold

RBL Bank on Thursday reported a 54 percent decline in its net profit to Rs 114 crore for the March 2020 quarter, as the provisioning for bad loans spiked manyfold

Yes Bank creates stressed asset management vertical to resolve NPA accounts
Business

Yes Bank creates stressed asset management vertical to resolve NPA accounts

Having recognised a huge quantum of non-performing assets (NPAs) in the past few quarters, Yes Bank has created a dedicated stressed asset management vertical to recover and resolve such accounts that have touched Rs 50,000 crore, a top official said on Thursday

Coronavirus crisis: Major lenders revive idea of 'bad bank' to deal with high NPAs; 'this is right time to work it out', says SBI CMD Rajnish Kumar
Business

Coronavirus crisis: Major lenders revive idea of 'bad bank' to deal with high NPAs; 'this is right time to work it out', says SBI CMD Rajnish Kumar

Rajnish Kumar said that the idea of bad bank was not feasible three years ago, when talk began that banks should spin off bad assets into a separate company to unburden existing banks.

Q4 results impact: Yes Bank shares zoom 20% after lender posts Rs 2,629-cr profit, HCL Tech jumps over 4%
Business

Q4 results impact: Yes Bank shares zoom 20% after lender posts Rs 2,629-cr profit, HCL Tech jumps over 4%

Shares of Yes Bank on Thursday zoomed 20 percent after the company reported a net profit of Rs 2,629 crore for the March quarter

Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report
Business

Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report

State-owned banks' non-performing loans are likely to rise by 2-4 percentage points, which will put up to $15 billion recapitalisation pressure on the government in FY21, a foreign brokerage firm said on Tuesday

Bad loans of Bank of Baroda, Indian Bank surge multi-fold in six years: RTI data
Business

Bad loans of Bank of Baroda, Indian Bank surge multi-fold in six years: RTI data

Non-performing assets of Bank of Baroda soared more than six-fold to Rs 73,140 crore while those of Indian Bank surged four-times to Rs 32,561.26 crore in six years, according to a Right to Information reply

Financial audits failed repeatedly, govt should make cost accounting must to check bank NPAs: ICMAI
Business

Financial audits failed repeatedly, govt should make cost accounting must to check bank NPAs: ICMAI

Financial audits have failed repeatedly and the government should make cost accounting mandatory to keep a tab on non-performing assets at lenders, which can prevent cases like Yes Bank, the Institute of Cost Accountants of India (ICMAI) said on Monday

IDBI Bank's October-December quarter net loss widens to Rs 5,763 cr; gross bad loans remain at elevated level
Business

IDBI Bank's October-December quarter net loss widens to Rs 5,763 cr; gross bad loans remain at elevated level

IDBI Bank on Tuesday reported widening of its standalone net loss to Rs 5,763.04 crore for the third quarter ended December as bad loans remained at an elevated level

Indian Overseas Bank Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning
Business

Indian Overseas Bank Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning

State-owned Indian Overseas Bank (IOB) has reported widening of its net loss to Rs 6,075.49 crore during the third quarter ended December 2019, owing to higher provisioning for bad loan

Union Bank of India Q3 net profit zooms to Rs 575 cr as bad loans shrink to 14.86%
Business

Union Bank of India Q3 net profit zooms to Rs 575 cr as bad loans shrink to 14.86%

Union Bank of India (UBI) on Monday said its standalone net profit for December quarter 2019 grew manifold to Rs 574.58 crore due to fall in provisioning for bad loans

Corporation Bank Q3 net profit jumps to Rs 421 cr on higher interest income; bad loan provisions surge
Business

Corporation Bank Q3 net profit jumps to Rs 421 cr on higher interest income; bad loan provisions surge

Public sector lender Corporation Bank on Friday said its consolidated net profit increased seven fold to Rs 420.83 crore in third quarter ended 31 December, 2019 on higher interest income, albeit provisions for bad loans surged

PNB Q3 loss at Rs 492 cr as bad loans provisioning spikes; gross NPAs marginally down at 16.3%
Business

PNB Q3 loss at Rs 492 cr as bad loans provisioning spikes; gross NPAs marginally down at 16.3%

Punjab National Bank (PNB) on Tuesday reported a standalone net loss of Rs 492.28 crore for December quarter 2019-20 as provisioning for bad loans was raised substantially

Oriental Bank of Commerce Q3 net profit jumps 39.11% to Rs 201.66 cr; gross NPAs decline to 12.64%
Business

Oriental Bank of Commerce Q3 net profit jumps 39.11% to Rs 201.66 cr; gross NPAs decline to 12.64%

State-owned Oriental Bank of Commerce (OBC) on Thursday reported a 39.11 percent jump in net profit at Rs 201.66 crore for the quarter ended December 2019, mainly due to reduction in bad loans