Search For "non performing assets"
Centre approves ordinance to amend insolvency code
Updated : 7 years, 9 months ago IST
New Delhi [India], May 23 (ANI): The Centre has approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC), providing a relief to home buyers.
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ASSOCHAM calls for urgent fixing of twin balance sheet problem
Updated : 7 years, 10 months ago IST
New Delhi [India], April 29 (ANI): Inability of the banks, reeling under the mammoth problem of non-performing assets (NPA) to lend, coupled with lack of appetite for fresh investment by highly indebted India Inc. has resulted in most of the industry sectors reporting negative growth in depl
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RBI issues corrective framework for PSBs
Updated : 7 years, 12 months ago IST
New Delhi [India], Mar. 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound financial health of banks.
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Jacob Zuma to be prosecuted for graft
Updated : 7 years, 12 months ago IST
Pretoria [South Africa], Mar 16 (ANI): Former South African President Jacob Zuma will be prosecuted on corruption charges, the country's chief prosecutor Shaun Abrahams said here on Friday.
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Business problem given political twist, alleges Chidambaram
Updated : 8 years ago IST
Bengaluru (Karnataka) [India], Mar. 11 (ANI): Former Finance Minister P. Chidambaram on Sunday alleged that the increase in non-performing assets (NPAs), which is essentially a business problem, was given an "undeserving political twist."
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Banks reporting spike in NPAs, declining credit growth
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 25 (ANI): A FICCI-IBA Survey has noted that banks are reporting an increase in non-performing assets (NPAs), lower restructuring of loans and a slow pace of growth in bank credit.
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Jaitley, Chidambaram spar over NPAs in Rajya Sabha
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 2 (ANI): Former Union Finance Minister P Chidambaram questioned the National Democratic Alliance (NDA)-led Central Government on the issue of Non-Performing Assets (NPA) in the Rajya Sabha (RS) on Tuesday, asking for data to prove that loans sanctioned during the Unite
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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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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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