non performing assets (NPAs)

non performing assets (NPAs) News

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

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

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.

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Central Bank to sell NPAs worth Rs 251 crore

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.

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

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.

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

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.

Analysts divided over Supreme Court order on NPA resolution

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

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PM Modi’s pet schemes underperforming in Gujarat: Report

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

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

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.

Banking sector on 'course to recovery' as NPAs recede: RBI Governor

According to the report, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018, while for the state-run lenders, the same improved to 14.8 per cent in September 2018 from close to 15.2 per cent in March 2018.

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