Search For "non performing asset"
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): The Lok Sabha on Friday passed the Insolvency and Bankruptcy Code (Amendment) Bill 2017. The new amendments are part of the ordinance that was brought in earlier last month.
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SEBI allows listing of security receipts by ARC
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 28 (ANI): The Securities and Exchange Board of India (SEBI) on Thursday allowed the listing of security receipts on stock exchanges by the Asset Reconstruction Company (ARC), a move that could help banks to resolve the Non Performing Assets (NPA) issue.
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Rising NPA in education loan propelling banks' stress
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 26 (ANI): Amid the ongoing crisis caused by increasing Non-Performing Assets (NPAs) in the banking sector, default payment in education loans is adding on to this, the data released by the Indian Banks' Association (IBA) revealed.
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Congress attacks BJP, says 'puppet' EC mum on PM's road shows
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 14 (ANI): The Congress Party on Thursday attacked Prime Minister Narendra Modi and the Bharatiya Janata Party (BJP) on their road shows during the polls, saying that the Election Commission (EC) has gone mum and distanced itself from its responsibility.
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NPA biggest scam of UPA government: PM Modi
Updated : 8 years, 3 months ago IST
New Delhi [India] Dec. 13 (ANI): Prime Minister Narendra Modi on Wednesday said that the NPA (Non Performing Asset) was the biggest scam of the previous United Progressive Alliance (UPA) Government.
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RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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Surge in credit provisions to adversely affect PSBs' profitability
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): Credit rating body ICRA in its report released on Monday estimated the gross non-performing assets (GNPA)s of Rs. 8.8 to 9.0 trillion (10.0-10.2 percent) to peak out by end of FY 2018, as against GNPAs of 9.5 percent (Rs. 7.65 trillion) as on March 31, 2017.
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Cabinet approves ordinance to introduce changes to IBC
Updated : 8 years, 3 months ago IST
New Delhi [India], November 22 (ANI): The Union Cabinet on Wednesday approved an ordinance to introduce certain changes to the Insolvency and Bankruptcy Code (IBC).
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Banks may need 20% incremental provisioning for 50 large stressed assets:
Updated : 8 years, 6 months ago IST
New Delhi [India], August 3, (ANI): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of
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Jaitley to meet PSB chiefs today to assess NPA situation
Updated : 8 years, 6 months ago IST
New Delhi [India], June 12 (ANI): Finance Minister Arun Jaitley is scheduled to meet the heads of the Public Sector Banks (PSBs) on Monday to discuss the current situation of non-performing assets (NPAs) and the measures being taken to recover voluminous bad loans worth over Rs six lakh cror
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BJP is India's biggest Non Performing Asset: Congress
Updated : 8 years, 6 months ago IST
New Delhi [India] June 2 (ANI): The Congress Party on Friday said the released figures of the Indian economy clearly say that the Bharatiya Janata party (BJP) has become India's biggest Non Performing Asset (NPA).
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Credit deployment to power, telecom sector declining: ASSOCHAM
Updated : 8 years, 6 months ago IST
New Delhi [India], May 14 (ANI): An ASSOCHAM paper noted that with a declining appetite for both lenders and borrowers in debt-ridden sectors like power, telecom and mining, the deployment of bank credit to these has witnessed a plunge and the trend may continue unless the basic issue of re
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