Search For "non performing asset"
Fresh plea in Supreme Court questions expert committee panel in Adani-Hind
Updated : 2 years, 5 months ago IST
The application highlights concerns about certain members of the existing committees, suggesting conflicts of interest. In March 2023, the Supreme Court established an Expert Committee to investigate allegations made against the Adani Group in the Hindenburg Report and examine potential regu
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Banks recovered over Rs 10 lakh crore from defaulters in past 9 years: Cen
Updated : 2 years, 7 months ago IST
Minister of State (MoS) Finance Bhagwat Karad informed Parliament that banks in India have recovered non-performing assets worth Rs 10.16 lakh crore on an aggregate basis in the past nine years.
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Indian GDP growth reaches 7.2 per cent, indicates impact of banking clean-
Updated : 2 years, 9 months ago IST
New Delhi [India], June 14: The stability of economies across the world saw wide-ranging volatility throughout the previous decade of the 2010s. Branching off from the above turbulent times, the banking sector in India had found itself in precarious times since the mid-2010s which sparked an
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Punjab National Bank net profit grows multifold to Rs 1,864 crore in March
Updated : 2 years, 10 months ago IST
The lender's revenues went up 31.76 per cent to Rs 28,132.23 crore for the quarter under review, against Rs 21,350.59 crore. Assets and liabilities grew 11.52 per cent to Rs 14,93,648.94 crore in the March quarter, against Rs 13,39,301.13 crore in the year-ago period.
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Karur Vysya Bank net profit jumps 58.3 pc to Rs 338 crore
Updated : 2 years, 10 months ago IST
The firm said its net interest income (NII) went up 25.7 per cent to Rs 892.6 during the March quarter, against Rs 710 crore in the corresponding quarter the previous year.
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Union Bank of India profit jumps 61 pc in fourth quarter
Updated : 2 years, 10 months ago IST
In the reviewed quarter, the bank had strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross non-performing assets (NPA). Interest margins expanded further annually.
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Central Bank of India profit jumps over 84 pc to Rs 571 crore in fourth qu
Updated : 2 years, 10 months ago IST
"Operating profit has shown a growth of 16.27 per cent on a year-on-year basis to Rs 2,108 crore for the fourth quarter of FY23 (Q4FY23) as against Rs 1,813 crore for the fourth quarter in FY22 (Q4FY22)," the bank said in a statement shared with exchanges.
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Credit growth to MSMEs high, over 30.5 pc on average in Jan-Nov 2022: Econ
Updated : 3 years, 1 month ago IST
CIBIL data also shows that ECLGS borrowers had lower non-performing asset rates than enterprises that were eligible for ECLGS but did not avail of it
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Centre's ECLG scheme saved 12 pc of outstanding MSME credit from slipping
Updated : 3 years, 1 month ago IST
The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part of Aatmanirbhar Bharat initiative to support eligible Micro, Small and Medium Enterprises (MSMEs) and business enterprises
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Punjab and Sind Bank posts 24 pc growth in profit to Rs 373 crore in third
Updated : 3 years, 1 month ago IST
The state-run bank said its interest income went up 12.61 per cent to Rs 2,107 crore from Rs 1,871 crore in the corresponding quarter the previous year
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ICICI Bank posts 34.5 pc growth in profit after tax to Rs 8,792 cr in Q3
Updated : 3 years, 1 month ago IST
The bank said the average current account and savings account (CASA) ratio was 44.6 per cent during the reviewed quarter
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Indian Renewable Energy Development Agency signs MoU with ministry, settin
Updated : 3 years, 1 month ago IST
The government has set a target of Rs 3,361 crore for revenue from operations, up by 18 per cent from the previous year's achievement, for 2022-23. According to a statement from the ministry of new and renewable energy, the government has also set various performance-related key parameters s
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