New Delhi: Former Finance Minister P. Chidambaram on Sunday slammed Prime Minister Narendra Modi for his remarks about bad loans generated during UPA rule, and asked his government to disclose loans given during the NDA rule that turned into Non-performing assets (NPA). “The real test is, will the NDA-2 match the record of UPA-2 and […]
Mumbai: State-run lender Bank of Baroda on Friday reported an exponential rise of 160.10 per cent in its standalone net profit for the first quarter of 2018-19 aided by lower provisioning for non-performing assets (NPAs). According to the lender, the net profit during the quarter under review rose to Rs 528 crore from Rs 203 […]
New Delhi: Lender Punjab National Bank (PNB) is set to hire detective agencies to supplement the efforts of its field officials in recovering its dues that have become in NPAs (non-performing assets). The lender through its website invited “applications for empanelment of Detective Agencies for the period 2018-2019”. According to the lender, the policy aims […]
Mumbai: Outlining its plan to deal with the mounting problem of banks’ bad loans, the Reserve Bank of India (RBI) on Monday said it will reconstitute the oversight committee (OC) to operationalise the banking ordinance for resolving the issue of non-performing assets (NPAs). “It has been decided to reconstitute the OC under the aegis of […]
Pune: India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.
New Delhi: The Centre has informed the Supreme Court that accounts becoming non-performing due to bank’s or any other delay need not suffer the label of Non-Performing Assets (NPAs). The Centre said concerns have also been expressed regarding possible downgradation of loan accounts from standard to NPAs and consequent impact on ratings. “The resolution framework […]
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