MUMBAI: State Bank of India has sought bids to sell 11 non-performing loan accounts with outstanding of 4.66 bln rupees, the lender said ...Read More
New Delhi: Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as n...Read More
At a press conference after meeting PSU bank heads, Finance Minister Nirmala Sitharaman said there already exists a circular from the Res...Read More
By FPJ Bureau
The government on Saturday announced the setting up of a corpus of Rs 10,000 crore for the cash crunched real estate sector to complete s...Read More
The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.
By FPJ Web Desk
On the other hand, profit was higher than Rs 262 crore estimated by a Bloomberg poll of 12 analysts.
Yes Bank's shares tumbled by 20%. While the Mumbai-based lender returned to profit in the three months ended June, its provisions for sou...Read More
The government has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.
By FPJ Web Team
The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sithar...Read More
"As the banks, especially the state-run ones, are on the mend, the structure of non-banking credit intermediation should focus on develop...Read More
Bank unions have called up on finance minister Nirmala Sitharaman to enact strong recovery laws with a provision to confiscate personal a...Read More
New Delhi: Country’s largest lender SBI on Friday said it has reported net profit of Rs 838.40 crore in the fourth quarter of 2018-19 fis...Read More
BHOPAL: Due to fear of NPA, the banks had waived off loan of farmers, said the chief minister Kamal Nath while talking to media here on T...Read More
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the banks to declare as non-performing assets the acco...Read More
Mumbai: Private sector lender Yes Bank has an overall stressed advance of 8 percent and new chief executive Ravneet Gill’s clean-up will ...Read More
New Delhi: The delay in actual realisation from the resolution of the big-ticket cases like Essar Steel has put the NPAs, or bad loans, r...Read More
New Delhi: The government is following the policy of amalgamating public sector banks to create healthy large banks which are globally co...Read More
New Delhi: The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months, as a l...Read More
New Delhi: No bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing a...Read More
Mumbai: State-run Corporation Bank, which is still under the Reserve Bank’s prompt corrective action (PCA) framework, on Wednesday said t...Read More