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Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
- Friday May 31, 2024
- India News | Indo-Asian News Service
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
- www.ndtv.com
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
- Tuesday December 5, 2023
- India News | Press Trust of India
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
- www.ndtv.com
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Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry
- Monday August 7, 2023
- Business | Press Trust of India
Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.
- www.ndtv.com/business
-
SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
- Friday August 4, 2023
- Business | Press Trust of India
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
- www.ndtv.com/business
-
Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
- Wednesday July 26, 2023
- Business | Press Trust of India
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
- www.ndtv.com/business
-
Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
- Wednesday July 26, 2023
- Business | Press Trust of India
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
- www.ndtv.com/business
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
- Thursday April 27, 2023
- Press Trust of India
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
- www.gadgets360.com
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Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
- Thursday February 23, 2023
- Business | Reuters
"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.
- www.ndtv.com/business
-
Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
- Tuesday December 20, 2022
- India News | Press Trust of India
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
- www.ndtv.com
-
Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister
- Tuesday December 20, 2022
- Business | Press Trust of India
RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.
- www.ndtv.com/business
-
In Biggest Deal Till Date, Yes Bank Transfers $5.81 Billion Of Bad Loans
- Monday December 19, 2022
- Business | Reuters
The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors.
- www.ndtv.com/business
-
Centre Cleared Pending Road Projects, Saved Banks From Rs 3 Lakh Crore Bad Loans: Minister
- Wednesday December 14, 2022
- Business | Press Trust of India
"We have saved Indian bank from 3 lakh crore NPAs," Road Transport and Highways Minister Nitin Gadkari told the members.
- www.ndtv.com/business
-
Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
- Tuesday December 13, 2022
- Business | Press Trust of India
"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.
- www.ndtv.com/business
-
Bank of Baroda's Net Profit Rises 59% To Rs 3,313 Crore In Q2
- Saturday November 5, 2022
- Business | Press Trust of India
State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income.
- www.ndtv.com/business
-
Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
- Friday May 31, 2024
- India News | Indo-Asian News Service
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
- www.ndtv.com
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
- Tuesday December 5, 2023
- India News | Press Trust of India
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
- www.ndtv.com
-
Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry
- Monday August 7, 2023
- Business | Press Trust of India
Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.
- www.ndtv.com/business
-
SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
- Friday August 4, 2023
- Business | Press Trust of India
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
- www.ndtv.com/business
-
Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
- Wednesday July 26, 2023
- Business | Press Trust of India
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
- www.ndtv.com/business
-
Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
- Wednesday July 26, 2023
- Business | Press Trust of India
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
- www.ndtv.com/business
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
- Thursday April 27, 2023
- Press Trust of India
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
- www.gadgets360.com
-
Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
- Thursday February 23, 2023
- Business | Reuters
"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.
- www.ndtv.com/business
-
Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
- Tuesday December 20, 2022
- India News | Press Trust of India
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
- www.ndtv.com
-
Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister
- Tuesday December 20, 2022
- Business | Press Trust of India
RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.
- www.ndtv.com/business
-
In Biggest Deal Till Date, Yes Bank Transfers $5.81 Billion Of Bad Loans
- Monday December 19, 2022
- Business | Reuters
The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors.
- www.ndtv.com/business
-
Centre Cleared Pending Road Projects, Saved Banks From Rs 3 Lakh Crore Bad Loans: Minister
- Wednesday December 14, 2022
- Business | Press Trust of India
"We have saved Indian bank from 3 lakh crore NPAs," Road Transport and Highways Minister Nitin Gadkari told the members.
- www.ndtv.com/business
-
Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
- Tuesday December 13, 2022
- Business | Press Trust of India
"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.
- www.ndtv.com/business
-
Bank of Baroda's Net Profit Rises 59% To Rs 3,313 Crore In Q2
- Saturday November 5, 2022
- Business | Press Trust of India
State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income.
- www.ndtv.com/business