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Future Retail seeks SC protection from defaulter tag by lenders

January 26, 2022 1:03 am

🔴 The matter will be mentioned for urgent hearing by FRL’s lawyers on January 28.

Hundreds duped by men who ran fake Pradhan Mantri Mudra Yojana website

SLBC report: Mudra loan accounts that turned NPAs rise by 71% in a year

June 29, 2021 8:23 am

PMMY or Mudra loans are given as business loans to vendors, traders and shopkeepers to boost income generation and create employment. It is also given as working capital loan through Mudra cards and for equipment financing for micro units.

Most Severely Mauled Enterprises

June 27, 2021 8:51 am

P Chidambaram writes: The pandemic has killed the spirit of entrepreneurship among low-capital, under-20 employment, low-turnover, low-profit-seeking businesspersons. The government watched as their businesses collapsed. For them, it is the way to Atma Nirvana.

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Growth of ARCs not in line with NPA trends: RBI report

April 28, 2021 4:47 am

However, it supported the government’s proposal for a new ARC, saying that “such an entity will strengthen the asset resolution mechanism further.”

Pune tops in terms of employment generation, investment in MSMEs

With low disbursal and high NPAs, not all is well with MSME sector in Maharashtra

March 03, 2021 3:47 pm

Maharashtra banks are well on their way to miss meeting their target for the current financial year by a fairly large margin.

Mudra loan disbursals & NPAs rise in tandem at PSBs over last 3 years

September 17, 2020 7:34 am

Mudra loan disbursements by state-owned banks rose to Rs 3.82 lakh crore in 2019-20, from Rs 3.05 lakh crore in 2018-19 and Rs 2.12 lakh crore in 2017-18. NPAs as a percentage of total loans rose to 4.92 per cent in 2019-20 from 3.42 per cent in 2017-18.

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NPAs set to rise sharply on COVID impact, financial system remains sound, says RBI

July 25, 2020 12:30 am

According to the RBI, nearly 50 per cent of the customers, accounting for around half of outstanding bank loans, opted to avail the benefit of the relief measures — loan moratorium — to tackle the lockdown impact.

Yes Bank used Rs 200 crore loan for HDIL to pay off its own debt: ED

Bank, Boom, Bust

March 15, 2020 1:43 pm

While the State Bank of India announced equity infusion of Rs 7,250 crore on March 12, ICICI Bank, Kotak Mahindra Bank, HDFC and Axis Bank on Friday said their boards have approved investments of Rs 1,000 crore, Rs 500 crore, Rs 1,000 crore and Rs 600 crore, respectively, in Yes Bank

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New NPA resolution norms in 3-4 days, says RBI Governor Shaktikanta Das

June 06, 2019 3:55 pm

The RBI on February 12, 2018, issued a framework on the resolution of stressed assets under which banks were asked to disclose defaults even of a day and have to find a resolution plan within 180 days in case of large account of Rs 2,000 crore and above failing which it would send for bankruptcy.

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Poor financial health of MSMEs push up NPAs in Gujarat by over 25 per cent

December 14, 2018 5:00 am

The poor financial health of both MSMEs and larger corporates in Gujarat does not augur well for the state government which is looking to attract major investments in the upcoming Vibrant Gujarat summit in January 2019.