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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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Centre Asks Ministries To Retire Non-Performers "In Public Interest"
Irked over non-adherence to its directives, the Centre has asked all ministries to timely review the working of the employees so that the non-performers are prematurely retired from service.
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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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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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Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry
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.
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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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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".
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Sony Music May Soon Integrate NFTs With Artists and Songs, Here’s What We Know
Sony Music Entertainment has filed a trademark application asking permission to cover ‘audio and video recordings featuring live musical performances authenticated by NFTs.’ The application also seeks relevant approvals to covers marketing services, promotion, distribution, marketing, advertising, and online entertainment.
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First Batch Of Non Performing Assets To Be Shifted To Bad Bank In July: Finance Ministry
Finance Ministry on Monday said that the Rs 6,000-crore National Asset Reconstruction Company is expected to take over the first set of NPAs in July
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IDBI Bank's March Quarter Profit Sees 35% Rise
IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions
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Axis Bank's Shares Fall Over 5%, Despite Net Profit Soaring 54% To Rs 4,118 Crore
Axis Bank on Thursday reported a 54 per cent jump in its standalone net profit to Rs 4,117.77 crore for the quarter ended March 2022
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Future Group Lenders Reject Reliance's Retail Assets Deal: Report
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
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Bank Credit Growth May Touch 10% In Current Fiscal, Says ICRA
The outlook for banks is expected to be stable amid improvement in credit growth of 8.9-10.2 per cent and decline in provisions in the current fiscal
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Banks Never Got Back Money From Defaulters Under UPA Government: Finance Minister
Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs
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Parliament Panel Says Lag Impact Of Pandemic May Fuel Bad Loans
A Parliamentary panel has said that due to some "lag impact" of the Coronavirus pandemic, there could be a rise in bad loans
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
Centre Asks Ministries To Retire Non-Performers "In Public Interest"
Irked over non-adherence to its directives, the Centre has asked all ministries to timely review the working of the employees so that the non-performers are prematurely retired from service.
-
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.
-
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.
-
Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry
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.
-
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.
-
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".
-
Sony Music May Soon Integrate NFTs With Artists and Songs, Here’s What We Know
Sony Music Entertainment has filed a trademark application asking permission to cover ‘audio and video recordings featuring live musical performances authenticated by NFTs.’ The application also seeks relevant approvals to covers marketing services, promotion, distribution, marketing, advertising, and online entertainment.
-
First Batch Of Non Performing Assets To Be Shifted To Bad Bank In July: Finance Ministry
Finance Ministry on Monday said that the Rs 6,000-crore National Asset Reconstruction Company is expected to take over the first set of NPAs in July
-
IDBI Bank's March Quarter Profit Sees 35% Rise
IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions
-
Axis Bank's Shares Fall Over 5%, Despite Net Profit Soaring 54% To Rs 4,118 Crore
Axis Bank on Thursday reported a 54 per cent jump in its standalone net profit to Rs 4,117.77 crore for the quarter ended March 2022
-
Future Group Lenders Reject Reliance's Retail Assets Deal: Report
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
-
Bank Credit Growth May Touch 10% In Current Fiscal, Says ICRA
The outlook for banks is expected to be stable amid improvement in credit growth of 8.9-10.2 per cent and decline in provisions in the current fiscal
-
Banks Never Got Back Money From Defaulters Under UPA Government: Finance Minister
Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs
-
Parliament Panel Says Lag Impact Of Pandemic May Fuel Bad Loans
A Parliamentary panel has said that due to some "lag impact" of the Coronavirus pandemic, there could be a rise in bad loans
