Search For "bad debt"
PSBs achieve Rs 1.41 lakh crore net profit; GNPA drops to 3.12 per cent
Updated : 1 year, 8 months ago IST
Indian Public Sector Banks (PSBs) have recorded their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said in a release on Sunday.
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Chinese regional banks sell mortgaged assets amid property sector bad loan
Updated : 1 year, 11 months ago IST
Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As of June 2024, non-performing industrial loans at local banks surged, prompting significant asset sales to manage bad debts.
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Chinese govt faces crisis involving thousands of unfinished apartments ami
Updated : 3 years, 7 months ago IST
People are now refusing to repay their mortgages and price declines in the existing-home market are the sharpest in nearly a decade, according to Giuliani.
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China's bad debt managers struggle to profit from collapsing property sect
Updated : 3 years, 12 months ago IST
Beijing [China], August 28 (ANI): China's bad-debt managers are struggling to extract profit from the country's slow economy, with no bottom in sight for its collapsing property sector.
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China banks' profit revival falters as lenders sucked in bad debt provisio
Updated : 5 years, 3 months ago IST
Hong Kong, May 11 (ANI): China banks' profit revival falters as country's largest lenders get sucked into further support for ailing parts of the economy and struggling state-owned companies (bad debts), despite a broad recovery from the coronavirus pandemic.
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Bad debt of China's banks mounts by 22 pc
Updated : 5 years, 4 months ago IST
Hong Kong, April 11 (ANI): As China has recorded the lowest economic growth in four decades in the year 2020, the non-performing debt at its four biggest banks swells 22 per cent last year, with the balance set to skyrocket this year if state-mandated loan extensions expire.
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Nigeria in turmoil over China's debt-trap diplomacy
Updated : 6 years ago IST
Abuja [Nigeria], August 16 (ANI): Africa's largest economy is in turmoil over the prospect of 'losing' its sovereignty to China over bad debts.
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Yes Bank's Rs 15,000 crore FPO to open on July 15
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], July 9 (ANI): Private sector lender Yes Bank said on Thursday it has filed documents for its follow-on public offer (FPO) to raise Rs 15,000 crore in a bid to strengthening its balance sheet.
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Bank of India suffers a loss of Rs 3,571 crore in Q4 on bad debts
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): Government-owned Bank of India on Thursday reported a net loss of Rs 3,571 crore in the quarter ended March against a profit of Rs 252 crore in Q4 FY19.
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Jaitley underscores need for banks to crack down on frauds
Updated : 7 years, 11 months ago IST
New Delhi [India], Sep 25 (ANI): Union Finance Minister Arun Jaitley on Tuesday highlighted the impact of the formalisation of the Indian economy - through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments - on Public Sector Banks (PSBs), while also stress
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