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Monday, July 13, 2020

non performing assets (NPAs)

NON PERFORMING ASSETS (NPAS) NEWS

Coronavirus impact: Banks to witness spike in credit costs, non-performing assets in 2020

April 06, 2020 12:19 pm

On India, the report said "the NPA ratio in India is likely to fare similarly to China's (1.9 per cent 2 per cent) but the credit costs ratios could be worse, increasing by about 130 basis points," the rating agency's credit analyst Gavin Gunning said in the report.

Banks’ bad loans down at 9.34 lakh crore at FY19-end

July 17, 2019 1:55 am

The decline in number of bad loans is a result of government’s 4Rs — strategy of recognition, resolution, recapitalisation and reforms, Sitharaman said in a written reply in Rajya Sabha.

Bank unions urge Finance Ministry to allow recovery of dues from personal assets of defaulters

June 13, 2019 5:32 pm

Fast-track courts shall have to be vested with more powers to recover bad loans and stringent laws should be enacted to ensure more recoveries, the unions said in a letter to the finance minister.

Central Bank to sell NPAs worth Rs 251 crore

April 20, 2019 5:09 am

The bank’s exposures to Srinagar Banihal Expressway (Rs 200 crore) and Maa Mahamaya Industries (Rs 51 crore) are being offered on a 100 per cent cash basis.

Loan write-off: Congress and CPM allege cronyism, loot

April 14, 2019 7:04 am

The CPI(M) also called it “cronyism of the highest order”. Party general secretary Sitaram Yechury said neither the banking sector nor the Reserve Bank of India has disclosed identity of borrowers whose loans were written off by banks.

Bad loans: 80% of write offs in decade came in last five years

April 14, 2019 8:17 am

Banks wrote off a whopping Rs 1,56,702 crore of non-performing loans during the nine-month ended December 2018, taking the total loan writeoff to over Rs 7,00,000 crore in the last 10 years, according to figures revealed by the RBI.

Analysts divided over Supreme Court order on NPA resolution

April 03, 2019 6:51 pm

The Supreme Court Tuesday quashed the stringent RBI circular which mandated banks to recognise even one-day defaults.

PM Modi’s pet schemes underperforming in Gujarat: Report

March 20, 2019 7:34 am

Stress faced by certain industries, drought in some areas hurt patronage of financial schemes for MSMEs, says State Level Bankers’ Committee report

Central Bank puts NPAs on the block

March 03, 2019 2:10 am

The state-run lender has set a reserve price of Rs 415 crore for Essar Steel India, Rs 709.50 crore for Bhushan Power & Steel and Rs 197.63 crore for Alok Industries.

Bad loans worth more than Rs 2 lakh crores settled: Corporate Affairs secretary

March 02, 2019 5:05 pm

The Reserve Bank report shows that the fresh addition to the NPAs has declined so has the overall NPS, secretary to Ministry of Corporate Affairs Injeti Srinivas said.