Search For "non performing assets"
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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ASSOCHAM for creation of Stressed Asset Funds for NPA resolution
Updated : 8 years, 6 months ago IST
New Delhi [India] May 7 (ANI):Apex industry body ASSOCHAM suggested the creation of a Stressed Assets Fund (SAF) with active participation of the cash rich public sector firms to turn non-performing assets (NPAs) into performing assets.
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Sector specific measures will be taken to deal with decline of NPAs, says
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 15 (ANI): Union Finance Minister Arun Jaitley on Wednesday said it is a challenge to deal with the Non Performing Assets (NPAs) of the banks, which have witnessed a decline in the last quarter of the current financial year.
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PSBs record decline in NPA recovery
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb. 7 (ANI): Minister of State in the Ministry of Finance, Santosh Kumar Gangwar, revealed in Rajya Sabha on Tuesday that Public Sector Banks (PSB) recorded a moderate decline of Rs. 2,556 Crore in recovery of Non-Performing Assets (NPA).
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Economic Survey says set up of centralised public sector asset rehabilitat
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan.31 (ANI): Union Finance Minister Arun Jaitley on Tuesday called for establishing a centralised Public Sector Asset Rehabilitation Agency (PARA) that could deal with largest and most difficult cases of non-performing assets, and also make politically tough decisions to
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NPAs, less debt appetite road blocks for bank lending despite deposit pile
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 1 (ANI): Despite banks filled with huge deposits following demonetization, a very high level of non-performing assets and reducing appetite for more loans from the over-leveraged industry would come in the way of increased bank lending despite bond yields falling even
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Insolvency, Bankruptcy Code may help unlock NPAs worth Rs. 25k crore over
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 21 (ANI): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs. 25,000 crore capital currently locked up in non-performing assets (NPAs) over next four to five years, noted a recent ASSOCHAM-Crisil joint study.
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Congress alleges real agenda of demonetisation is to bail out non performi
Updated : 8 years, 6 months ago IST
New Delhi, Nov. 15 (ANI): The Congress Party today made a sharp attack on the Narendra Modi government alleging that the real agenda behind demonetisation was to mop up resources in order to bail out the non performing assets of banks which were owed by several industrialists.
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SC to decide if names of bank defaulters can be made public
Updated : 8 years, 6 months ago IST
New Delhi [India], Oct. 28 (ANI): The Supreme Court will on Friday hear whether the names of individuals and companies with non-performing assets (NPAs) of worth Rs. 500 crore or more could be made public.
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Mergers no quick fix for public sector banks; they need autonomy, says ASS
Updated : 8 years, 6 months ago IST
New Delhi [India], Sep 21 (ANI): Asserting there are no quick fixes for grave problems facing the public sector banks, mainly centered around close to Rs. five lakh crore non-performing assets, ASSOCHAM President Sunil Kanoria today said a paper brought out by the chamber clearly suggests me
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Banks should increase provision coverage ratio, says RBI Deputy Governor
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): In view of rising Non-performing assets of banks, the provision coverage ratio (PCR) of banks should be increased, Deputy Governor of the Reserve Bank of India (RBI), N. S Vishwanathan said at an ASSOCHAM event held in New Delhi today.
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