SBI lines up NPAs over Rs 746 crore for sale in Oct-Nov
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).
Oct 09, 2022, 13:06 PM IST
High NPAs in education loan segment turn banks cautious
The outstanding education loans of all banks were Rs 79,056 crore at the end of March 2020 and at Rs 78,823 crore as of March 2021.
Sep 25, 2022, 16:25 PM IST
HDFC Bank net profit jumps 23% to Rs 10,055 crore in Q4
HDFC Bank reported a 22.8 per cent jump in its standalone net profit at Rs 10,055.2 crore for the quarter ended March 2022.
Apr 16, 2022, 15:19 PM IST
RBI asks banks not to standardise bad loans on just getting interest payments
The Reserve Bank of India has tightened the norms for recognition of dud assets and directed lenders not to standardise an NPA account after getting only interest payment.
Nov 12, 2021, 22:11 PM IST
FM Sitharaman announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB
Her press conference comes just a little ahead of the release of India's latest Gross Domestic Product (GDP) growth numbers.
Aug 30, 2019, 16:35 PM IST
Q1 bank loan growth fell 1.2% due to low interest income: Report
For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.
Aug 20, 2019, 15:00 PM IST
DHFL seeks repayment moratorium, assures ''no haircut on principal''
In its resolution plan, the company has also sought funding from banks and the National Housing Bank for starting retail funding activity.
Aug 06, 2019, 16:18 PM IST
Mudra loans amounting to Rs 17,651 crore turned into NPAs since inception of scheme
Reasons for NPAs for loans extended under PMMY are, inter-alia, first time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices, poor credit appraisal, wilful default by borrowers, impaired cash flows of the units due to slowdown in business etc.
Jul 16, 2019, 15:18 PM IST
Gross NPAs of Public Sector Banks declined by Rs 89,189 crore in March
Gross NPAs of PSBs have declined by Rs 89,189 crore from the peak of Rs 8,95,601 crore in March 2018 to Rs 8,06,412 crore in March 2019, FM Sitharaman said.
Jun 26, 2019, 14:14 PM IST
Gross NPAs of banks may reduce to 8% by March 2020: Report
NPA in the banking system had peaked at 11.5 percent in March 2018 and then declined to 9.3 percent in March 2019.
Jun 25, 2019, 15:56 PM IST
Larger number of bad loans originated in 2006-2008: Rajan
Rajan pointed out that the loan waivers vitiate the credit culture and an all-party agreement to this effect would be in the country`s interest in view of impending elections.
Sep 11, 2018, 18:00 PM IST
Raghuram Rajan’s statement proves Congress is behind rise in NPAs: Smriti Irani
The Bharatiya Janata Party (BJP) on Tuesday said that a statement by former Reserve Bank of India (RBI) Governor Raghuram Rajan proves that the Congress party is responsible to the rise in non performing assets (NPAs). Addressing a press conference, Union minister Smriti Irani accused Congress president Rahul Gandhi, Sonia Gandhi and Robert Vadra of sabotaging taxpayers’ money.
Sep 11, 2018, 14:41 PM IST
Parliamentary panel calls ex-RBI gov Rajan to brief on mounting NPAs
The panel has already questioned senior finance ministry officials, including Finance Secretary Hasmukh Adhia and top brass of banks, about rising bad loans.
Aug 20, 2018, 18:30 PM IST
Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India
There are 11 banks under PCA framework on account of their high bad loans.
Jun 26, 2018, 22:35 PM IST
Wisdom is not heritable: Arun Jaitley takes a dig at Rahul Gandhi, says Congress obsessed with Narendra Modi
Senior BJP leader Arun Jaitley said on Wednesday that Rahul Gandhi with his customary inaccuracies could one day give to the country his monumental work on 'The rediscovery of Coca-Cola'.
Jun 13, 2018, 18:16 PM IST
Except SBI, rest state-run banks should be privatised, says Arvind Panagariya
The former NITI Aayog vice-chairman also said that political parties should mention privatisation of PSBs in their 2019 general election manifesto.
Mar 25, 2018, 18:05 PM IST
PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks
FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.
Feb 19, 2018, 17:35 PM IST
Bad loans hurt state-run banks, push SBI to surprise third-quarter loss
Bad loans in PSBs have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt.
Feb 10, 2018, 00:43 AM IST
Accretion of fresh NPAs has virtually stopped, says Bibek Debroy
According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.
Feb 07, 2018, 23:02 PM IST
Union Budget 2018: What it holds for Banking & Telecom sectors
The Union Budget for 2018-19 is significant for the Modi government as it will be the first budget post the implementation of the Goods and Services Tax regime.
Jan 31, 2018, 16:10 PM IST
