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Monday, May 16, 2022

non performing assets (NPAs)

NON PERFORMING ASSETS (NPAS) NEWS

Court-ordered interest waiver and bad loan recognition ban hurts common man

October 21, 2020 8:44 am

It sabotages economic justice because fiscally funding banking diverts money from education, health and skilling expenditure.

Supreme Court extends interim direction against declaring defaulting accounts as NPAs

September 11, 2020 10:43 am

On September 3, the apex court had directed that accounts which have not been declared as non-performing assets (NPAs) till August 31 should not be declared so till further orders.

SC protect accounts, which were not declared NPA till August 31

September 03, 2020 8:32 pm

The apex court passed the order while noting the submissions of senior lawyer Harish Salve, who appeared for banks' association and said that no account shall become NPA at least for a period of two months.

NPAs in SHG loans see jump, states told to collect dues

September 02, 2020 7:35 am

According to the agenda papers, the outstanding bank loans, to about 54.57 lakh SHGs across the country, amounted to about Rs 91,130 crore at the end of March, of which Rs 2,168 crore or 2.37% were NPAs.

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.

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