Non-performing Assets
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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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India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
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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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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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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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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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Top 50 Wilful Defaulters Owe Rs 92,570 Crore To Banks, Mehul Choksi Tops List
The gross non-performing assets (NPAs) of state-owned banks had dropped by over Rs 3 lakh crore after peaking at Rs 8.9 lakh crore.
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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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For Indian Banks, Bad Loans To Fall To Decade Low By March 2024
The banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said on Wednesday.
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"We Have Declared War" Against Bad Loans: Punjab & Sind Bank Chief
The focus for Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure that gross non-performing assets fall below 10% by the end of FY23, the bank'schief said on Tuesday.
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UK National Arrested In Delhi For Forging Document To Stay Legal Proceedings
A British national has been arrested for allegedly forging a document in the name of the finance ministry to stay proceedings against his company under a law to recover non-performing asset loans, police said on Tuesday.
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"Marginal Impact" Of Ukraine War On India's Economy, Says RBI Governor
India's economy is far better placed today and there will be "marginal impact" from the Ukraine war, said RBI Governor Shaktikanta Das on Monday.
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RBI Extends Deadline For Asset Classification; NBFC Stocks Rally: 5 Key Points
Reserve Bank of India (RBI) has allowed some relaxation for lenders -- including non-banking financial companies (NBFCs) -- to comply with its new regulations for upgrading non-performing assets (NPAs) as standard ones but upon clearing all dues. The Reserve Bank on Tuesday had extended the time limit for asset classification till September 30, 202...
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Lenders Act Against Future Retail For Missing Payments
Lenders to India's Future Retail have started classifying the retailer as a "non-performing asset" after the company missed payments due to the banks, they told the country's Supreme Court in a filing seen by Reuters.
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Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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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).
-
India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
-
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.
-
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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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.
-
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.
-
Top 50 Wilful Defaulters Owe Rs 92,570 Crore To Banks, Mehul Choksi Tops List
The gross non-performing assets (NPAs) of state-owned banks had dropped by over Rs 3 lakh crore after peaking at Rs 8.9 lakh crore.
-
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.
-
For Indian Banks, Bad Loans To Fall To Decade Low By March 2024
The banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said on Wednesday.
-
"We Have Declared War" Against Bad Loans: Punjab & Sind Bank Chief
The focus for Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure that gross non-performing assets fall below 10% by the end of FY23, the bank'schief said on Tuesday.
-
UK National Arrested In Delhi For Forging Document To Stay Legal Proceedings
A British national has been arrested for allegedly forging a document in the name of the finance ministry to stay proceedings against his company under a law to recover non-performing asset loans, police said on Tuesday.
-
"Marginal Impact" Of Ukraine War On India's Economy, Says RBI Governor
India's economy is far better placed today and there will be "marginal impact" from the Ukraine war, said RBI Governor Shaktikanta Das on Monday.
-
RBI Extends Deadline For Asset Classification; NBFC Stocks Rally: 5 Key Points
Reserve Bank of India (RBI) has allowed some relaxation for lenders -- including non-banking financial companies (NBFCs) -- to comply with its new regulations for upgrading non-performing assets (NPAs) as standard ones but upon clearing all dues. The Reserve Bank on Tuesday had extended the time limit for asset classification till September 30, 202...
-
Lenders Act Against Future Retail For Missing Payments
Lenders to India's Future Retail have started classifying the retailer as a "non-performing asset" after the company missed payments due to the banks, they told the country's Supreme Court in a filing seen by Reuters.
-
Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
