Non Performing Assets
Non Performing Assets News
What is loan write-off? Read details
The loan can be written off if it becomes bad on the account of the repayment defaults for at least 3 consecutive quarters.
SBI lines up various non-performing assets over Rs 746 crore for sale in October-November
The auction of NPAs will include accounts of Sintex BAPL with an outstanding of Rs 197.74 crore; Surat Hazira NH6 Tollway Pvt Ltd of exposure of Rs 335.54 crore and Shreebhav Polyweaves Pvt Ltd (Rs 20.20 crore)
Nirmala Sitharaman to meet heads of PSBs tomorrow; may urge them for credit growth
The finance minister would take stock of credit growth, asset quality, and business growth plan of banks, sources said, adding non-performing assets (NPAs) of Rs 100 crore and the recovery status would also be discussed
Budget 2022: Banks on a relatively strong footing; capital infusion not expected this time
Union Budget 2022-23: The better earnings prospects of most PSBs today coupled with more than adequate provisions on legacy stressed assets implies there is sufficient internal cash generation to fund near-term growth
CEA asks govt to end forbearance window for borrowers, pitches for setup of 'bad bank' to deal with NPAs
A bad bank is a financial institution that takes over bad assets of lenders and undertakes resolution. Lenders have been making a case for a bad bank to ease pressure of bad loans in these difficult times
A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago
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
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
The ED is also probing his alleged business links with Vaibhav Gehlot, the son of Rajasthan chief minister Ashok Gehlot, in the FEMA case.
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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
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%
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
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
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
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%
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
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
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
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