Banks Recover Bad Loans
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Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
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.
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IDBI Bank Shares Surge On Bad Loan Recovery, Privatisation Buzz
Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privatisation process.
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Future Group Creditors Rush To Recover $2.5 Billion Loans Amid Reliance Deal Troubles: Bankers
Future's top financial creditors include India's largest lender State Bank of India, along with smaller rivals Bank of Baroda and Bank of India
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ICICI Bank June Quarter Profit Rises 36% To Rs 2,599 Crore, But Misses Street Estimates
ICICI Bank on Saturday reported a 36.22 per cent rise in net profit to Rs 2,599.15 crore in the quarter ended June 30 compared to the corresponding period a year ago, but missed analysts' estimates. Provisions for bad loans by the country's third largest private bank by market capitalisation rose sharply to account for the impact of the coronavirus...
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Bank Merger Will Not Help Recover Bad Loans: All India Bank Employees' Association
The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.
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Loan Recoveries Have Hit Recover Levels: Finance Minister Nirmala Sitharaman
The Finance Minister said gross non-performing assets (NPAs) - or bad loans - have come down from Rs 8.65 lakh crore to Rs 7.90 lakh crore.
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Punjab National Bank Admits Loan Defaults Of Over Rs 25,000 Crore
Of these 1,142, PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to recover Rs 23,879.8 crore
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Rs 70,000-Crore Bad Loans Recovered Through Insolvency Law In 2018-19: Crisil
Though keeping to the resolution timeline remains a challenge, the implementation of the IBC process is largely on track, said Crisil
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Rs 75,000 Crore Recovered Under Bankruptcy Code Till March 2019: Report
The total recovery as of March-end stood at Rs 75,000 crore, against the total claim of Rs 1.75 lakh crore by financial creditors.
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State-Run Banks Recover Rs 98,000 Crore In April-December
Banking Secretary Rajeev Kumar said PSU banks have recovered Rs 2.87 lakh crore since 2015.
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Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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Banks Likely To Recover Bad Loans Worth Rs 70,000 Crore By March-End: Arun Jaitley
Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, Jaitley said.
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Bad Loans Worth Rs 60,730 Crore Recovered In 6 Months
Financial Services Secretary said the government would give funds to four to five banks under a PCA plan after considering their financial results.
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Indian Banks To Sell Vijay Mallya's Fleet Of Cars In UK To Recover Loans
A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.
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PNB Puts 21 Bad Loan Accounts On Sale To Recover Rs 1,320 Crore
A PNB spokesperson said on Thursday that "the submission of financial bids will be only through e-auction which will take place on the bank's portal on September 20."
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Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
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.
-
IDBI Bank Shares Surge On Bad Loan Recovery, Privatisation Buzz
Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privatisation process.
-
Future Group Creditors Rush To Recover $2.5 Billion Loans Amid Reliance Deal Troubles: Bankers
Future's top financial creditors include India's largest lender State Bank of India, along with smaller rivals Bank of Baroda and Bank of India
-
ICICI Bank June Quarter Profit Rises 36% To Rs 2,599 Crore, But Misses Street Estimates
ICICI Bank on Saturday reported a 36.22 per cent rise in net profit to Rs 2,599.15 crore in the quarter ended June 30 compared to the corresponding period a year ago, but missed analysts' estimates. Provisions for bad loans by the country's third largest private bank by market capitalisation rose sharply to account for the impact of the coronavirus...
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Bank Merger Will Not Help Recover Bad Loans: All India Bank Employees' Association
The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.
-
Loan Recoveries Have Hit Recover Levels: Finance Minister Nirmala Sitharaman
The Finance Minister said gross non-performing assets (NPAs) - or bad loans - have come down from Rs 8.65 lakh crore to Rs 7.90 lakh crore.
-
Punjab National Bank Admits Loan Defaults Of Over Rs 25,000 Crore
Of these 1,142, PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to recover Rs 23,879.8 crore
-
Rs 70,000-Crore Bad Loans Recovered Through Insolvency Law In 2018-19: Crisil
Though keeping to the resolution timeline remains a challenge, the implementation of the IBC process is largely on track, said Crisil
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Rs 75,000 Crore Recovered Under Bankruptcy Code Till March 2019: Report
The total recovery as of March-end stood at Rs 75,000 crore, against the total claim of Rs 1.75 lakh crore by financial creditors.
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State-Run Banks Recover Rs 98,000 Crore In April-December
Banking Secretary Rajeev Kumar said PSU banks have recovered Rs 2.87 lakh crore since 2015.
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Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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Banks Likely To Recover Bad Loans Worth Rs 70,000 Crore By March-End: Arun Jaitley
Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, Jaitley said.
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Bad Loans Worth Rs 60,730 Crore Recovered In 6 Months
Financial Services Secretary said the government would give funds to four to five banks under a PCA plan after considering their financial results.
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Indian Banks To Sell Vijay Mallya's Fleet Of Cars In UK To Recover Loans
A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.
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PNB Puts 21 Bad Loan Accounts On Sale To Recover Rs 1,320 Crore
A PNB spokesperson said on Thursday that "the submission of financial bids will be only through e-auction which will take place on the bank's portal on September 20."
