NPA

SBI reports Q3 loss at Rs 2,416 crore; provisions for bad loans rise 6%

The bank reported a rise in gross NPAs at 10.35% as against 9.83% in the previous quarter ended September.

Feb 09, 2018, 18:37 PM IST

Watch: PM Modi attacks Congress, says previous govt responsible for NPA mess

PM Modi launched scathing attack against Congress, says previous govt responsible for NPA mess. Watch the video to know more about the news.

Feb 07, 2018, 17:23 PM IST

IBC mechanism used actively to resolve bad loan problem: Economic Survey

Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.

Jan 29, 2018, 14:23 PM IST

Modi spreading bluff on NPAs, BJP govt is to be blamed for the mess: Congress

The Congress on Thursday made a strong attack on PM Modi for his remarks on NPAs.

Dec 14, 2017, 14:50 PM IST

PNB puts 32 NPAs with outstanding loan of Rs 1,176 crore on block

Assets owned by accounts would be e-auctioned on November 8, the notice said, adding auction would be conducted by Delhi zonal office.

Oct 08, 2017, 14:06 PM IST

Oriental Bank says under central bank 'corrective action' over bad loans

Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.

Oct 08, 2017, 10:37 AM IST

Barring auto, even retail loans see spike in bad loans: Report

Education loans and commercial vehicle loans reported one of the biggest spikes in the proportion of NPAs, while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark.

Oct 08, 2017, 10:17 AM IST

After Sinha, RSS-affiliate labour body tears into Modi govt; Ambani remains hopeful

Saji Narayanan, National President of the Bharatiya Mazdoor Sangh, in a statement demanded the government declare a stimulus package towards employment generating activities in labour intensive sectors "to contain slowdown of the economy".

Sep 27, 2017, 13:53 PM IST

Global cues, rupee movement to drive Indian equity markets

Last week, key equity indices gained around one per cent each on hopes of a rate cut by the Reserve Bank of India, coupled with short-covering and healthy auto sales and manufacturing data.

Sep 03, 2017, 13:18 PM IST

NPA resolution not to liquidate companies, but to help save them: Finance Minister

Explaining the rationale for the new insolvency and bankruptcy code (IBC), he said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.

Aug 19, 2017, 13:43 PM IST

NPA resolution to spur credit expansion, growth: Arvind Panagariya

Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.

Aug 13, 2017, 12:35 PM IST

Centre to go after bank loan defaulters who divert funds: Arun Jaitley

He said the government would go after those who diverted funds got through loans and defaulted on payments.

Aug 03, 2017, 19:02 PM IST

Kotak Mahindra Bank Q1 net up 23% at Rs 912.73 crore

Kotak Mahindra Bank on Thursday reported 23.10 per cent increase in standalone net profit at Rs 912.73 crore for the first quarter ended June 30.

Jul 20, 2017, 13:02 PM IST

'Lenders' inclusion under PCA for timely improvement of their performance'

The deputy governor expressed strong displeasure on social media messages spreading false information about the future of some of the nine banks under the PCA framework and urged everybody to "apply the mind" while reading those.

Jul 14, 2017, 18:39 PM IST

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.

Jun 26, 2017, 16:46 PM IST

Bankers to meet from Monday to decide on large defaulters

Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.

Jun 18, 2017, 15:28 PM IST

12 defaulters identified by RBI to be named soon: Finance Ministry

The Finance Ministry on Wednesday said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public.

Jun 14, 2017, 21:49 PM IST

RBI identifies 12 accounts responsible for 25% of Rs 8 lakh crore bad loans

The RBI on Tuesday identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 percent of total NPAs of banks for immediate referral for resolution under the bankruptcy law.

Jun 13, 2017, 21:10 PM IST

RBI examining relaxing NPA classification limit beyond 90 days

The Reserve Bank is looking into request for extending the NPA classification period from the current 90-day window to help small and medium enterprises.

Jun 13, 2017, 19:53 PM IST