Search For "non performing asset"
MSME credit declines by 6 pc in Q1 on Covid-19 impact: Motilal Oswal
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 14 (ANI): Total credit to micro, small and medium enterprises (MSMEs) in the country declined 6 per cent year-on-year in the first quarter of current fiscal year and 3.4 per cent quarter-on-quarter, Motilal Oswal Financial Services said on Wednesday.
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LVB gets an indicative non-binding offer from Clix Group
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 8 (ANI): Beleaguered private sector lender Lakshmi Vilas Bank (LVB) said on Thursday it has received an indicative non-binding offer from Clix Group for the proposed merger.
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Business activity may touch pre-COVID-19 levels by March: Care Ratings
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 22 (ANI): There has been a pick-up in economic activity since the government began gradual relaxations on June 1 after the COVID-19 lockdown but it will be a long way before pre-COVID levels are attained, Care Ratings has said.
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Care downgrades Repco Home Finance's loan facilities, NCDs to AA-minus
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 19 (ANI): Care Ratings has revised the rating of Chennai-based Repco Home Finance's long-term loan facilities and non-convertible debentures worth Rs 1,620 crore to AA-minus with stable outlook from AA with negative outlook.
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RBI asks banks to ensure automation of NPA identification
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 14 (ANI): The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) identification.
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Bank shouldn't declare accounts as NPAs until disposal of pleas seeking mo
Updated : 5 years, 6 months ago IST
New Delhi [India], September 3 (ANI): The Supreme Court on Thursday directed that the bank accounts not declared as non-performing asset (NPA) as on 31 August should not be declared as NPAs until the disposal of the pleas seeking an extension of the moratorium period.
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IOB posts Q1 net profit of Rs 121 crore
Updated : 5 years, 6 months ago IST
Chennai (Tamil Nadu) [India], August 20 (ANI): Government-owned Indian Overseas Bank (IOB) on Thursday posted a net profit of Rs 121 crore in April to June quarter as against a net loss of Rs 342 crore for the corresponding period of last fiscal year.
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Past instances of bank loan restructuring do not inspire confidence: Ind-R
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 19 (ANI): The recently announced loan restructuring guidelines for COVID-19 related stress will provide banks with an opportunity to keep viable accounts as standard in their books, India Ratings and Research (Ind-Ra) said on Wednesday.
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BoB reports Q1 net loss at Rs 864 crore on higher provisioning
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 10 (ANI): Bank of Baroda on Monday reported a net loss of Rs 864 during the April to June quarter on higher provisioning as compared to a net profit of Rs 710 crore in Q1 FY20.
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DCB Bank Q1 gross NPAs jump to Rs 622 crore
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 8 (ANI): Private sector lender DCB Bank on Saturday reported a marginal decline in its net profit for Q1 FY21 at Rs 79 crore as compared to Rs 81 crore in the same period of last financial year.
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Bank of India clocks Q1 net profit of Rs 844 cr on lower provisions
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 3 (ANI): Government-owned Bank of India on Monday reported a net profit of Rs 844 crore in the April to June quarter, up 247 per cent from Rs 243 crore in a year-ago period.
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SBI Q1 profit up 81 pc to Rs 4,189 cr on one-time gain
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 31 (ANI): Government-owned State Bank of India (SBI) on Friday reported 81 per cent year-on-year jump in its net profit at Rs 4,189 crore for the quarter ended June compared to Rs 2,312 crore in the same quarter last year.
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