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Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
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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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Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
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Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
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.
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Probe Body Records 490 Fraud Cases Related To NPAs Of Over Rs 20 Crore
The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
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Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
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NPAs Expected To Fall To 3.6% By March 2024, Economy Remains Stable: RBI
The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday.
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Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
"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.
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Gross Non-Performing Asset Ratio Falls To 7-Year Low Of 5%, Says Reserve Bank
The interplay of multiple shocks has resulted in tightened financial conditions and heightened volatility in financial markets, RBI said.
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Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister
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.
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Loans Worth Rs 10.09 Lakh Crore Written Off By Banks: Finance Minister
Finance Nirmala Sitharaman said recovery in NPA (non-performing asset) accounts, including written-off loans, was an on-going process.
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Centre Cleared Pending Road Projects, Saved Banks From Rs 3 Lakh Crore Bad Loans: Minister
"We have saved Indian bank from 3 lakh crore NPAs," Road Transport and Highways Minister Nitin Gadkari told the members.
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Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
"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.
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Congress Slams Centre Over Rise In Non Performing Assets
The Congress on Tuesday alleged that NPAs have risen by 365 percent under the Modi government and questioned why "unbridled powers" were being given to PSU banks to "sell off assets at throwaway prices".
-
Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
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.
-
Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
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.
-
Probe Body Records 490 Fraud Cases Related To NPAs Of Over Rs 20 Crore
The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
-
Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
-
NPAs Expected To Fall To 3.6% By March 2024, Economy Remains Stable: RBI
The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday.
-
Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
"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.
-
Gross Non-Performing Asset Ratio Falls To 7-Year Low Of 5%, Says Reserve Bank
The interplay of multiple shocks has resulted in tightened financial conditions and heightened volatility in financial markets, RBI said.
-
Banks Wrote Off Bad Loans Worth Rs 11 Lakh Crore In Last 6 Years: Minister
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.
-
Loans Worth Rs 10.09 Lakh Crore Written Off By Banks: Finance Minister
Finance Nirmala Sitharaman said recovery in NPA (non-performing asset) accounts, including written-off loans, was an on-going process.
-
Centre Cleared Pending Road Projects, Saved Banks From Rs 3 Lakh Crore Bad Loans: Minister
"We have saved Indian bank from 3 lakh crore NPAs," Road Transport and Highways Minister Nitin Gadkari told the members.
-
Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
"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.
-
Congress Slams Centre Over Rise In Non Performing Assets
The Congress on Tuesday alleged that NPAs have risen by 365 percent under the Modi government and questioned why "unbridled powers" were being given to PSU banks to "sell off assets at throwaway prices".
