Fri, Jul 29, 2022
"We expects to recover Rs 8,000 crore every quarter and would ensure that its recoveries are higher than fresh slippages," Punjab National Bank's Managing Director A K Goel said
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Thu, Jul 21, 2022
It also said India's economic growth prospects should remain strong over the medium term, with GDP expanding 6.5-7 per cent annually in fiscal years 2024-2026.
Mon, Jun 10, 2019
RBI placed a new guidelines prudential framework for resolution of stressed assets by banks in the wake of the judgment of the Supreme Court of India.
Fri, May 26, 2017
Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark, the bulk of which are in sectors such as power, steel, road infrastructure and textiles.
Mon, May 22, 2017
RBI outlined various steps it will take to implement the Banking Regulation ordinance which will help take care of the bad loan problem impacting the banking industry.
The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.
Sat, May 20, 2017
State Bank of India (SBI) has reported Rs 2,815 crore rise in its standalone net profit for the fourth quarter (Q4) as compared to Rs 1,263.81 crore in the same period of previous fiscal.
Thu, May 18, 2017
With the government and the Reserve Bank of India (RBI) deciding to first tackle the top-50 large stressed assets into the banking universe, corporate insolvency will emerge as a credible solution for resolution bad assets.
Wed, May 17, 2017
A mountain of bad debt in India`s banking system has led to a prolonged credit crunch that is inflicting most pain on small- and medium-sized enterprises (SMEs) such as Pandey`s that depend upon banks for their day-to-day working capital and longer-term borrowing needs.
Mon, May 15, 2017
Get Live coverage of Sensex, Nifty and stock performance here at Zee Business.
Sun, May 14, 2017
The Reserve Bank of India (RBI) has initiated a 'Prompt Corrective Action' against UCO Bank on account of the bank's increasing bad loans and negative return on assets.
Sat, May 13, 2017
Private sector Karnataka Bank has reported a rise of about 30% in net profit at Rs 138.37 crore for the fourth quarter (Q4) ended on March 31 this year.
Fri, May 12, 2017
Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.
“The increased powers given to the Reserve Bank of India (RBI) to clean up asset quality, and to intervene in banks at an earlier stage when risks build, represents an important positive step toward ensuring a healthy banking system in the future,” Fitch said.
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
Wed, May 10, 2017
A Moody's Investor Services report said, "Both the measures aim to motivate banks to be more proactive in NPL resolution as well as improve co-ordination among banks. For instance, RBI can now direct banks to undertake a plan of action for specific assets if it feels that banks are not taking the prudent approach."
Mon, May 08, 2017
Jaitley said the non-performing assets (NPA) problem is limited to "a certain set of accounts and these numerically are not very large in number but the quantums are high
Sat, May 06, 2017
State Bank of India (SBI), the country's largest lender, on Saturday said most of the nation's bad loans belong to industries that are still in business and banks will probably recover the write-downs when growth turns up and they perform again.
Fri, May 05, 2017
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
President Pranab Mukherjee has given his nod to the ordinance dealing with the banking sector`s non-performing loans and the amendment to the Banking Act, television channels reported on Friday.
The Cabinet's decision got a thumbs-up from the market as Bank Nifty rallied 1.85 per cent to close at 22,720.10.
Thu, May 04, 2017
Axis Bank and ICICI Bank registered GNPA of 5.04% and 7.89% respectively in Q4FY17 as against 6.10% and 8.60% respectively predicted by the experts.
Wed, May 03, 2017
ICICI Bank on Wednesday posted over 188.5% rise in its standalone net profit but reported a smaller-than-expected growth in fourth-quarter net profit as bad loans rose.
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