Search For "npa"
Individual borrowers to be brought under Insolvency code
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 4 (ANI): Ministry of Corporate Affairs Secretary Injeti Srinivas on Wednesday noted that individual borrowers would be brought under the ambit of the Insolvency and Bankruptcy Code, 2016 (IBC) in due time.
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'Chanda Kochhar, a beneficiary of Videocon loan'
Updated : 7 years, 12 months ago IST
New Delhi [India], Mar 30 (ANI): A day after the ICICI Bank cried foul over the controversy surrounding the loan sanctioned to Videocon Group; Trustee, Indian Investors Protection Council, Arvind Gupta, on Friday, said that the evidence in the case clearly shows the bank's CEO, Chanda Koc
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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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Adani Group responds to Swamy's 'NPA trapeze artiste' remark
Updated : 8 years ago IST
New Delhi [India], Mar. 7 (ANI): Gautam Adani led multinational conglomerate company, Adani Group, on Wednesday issued a statement claiming that the company has created world class assets, and their aggregate Net Asset Block of Indian operations stands at over Rs.1,10,000 crores.
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Adani 'biggest NPA trapeze artiste': Swamy
Updated : 8 years ago IST
New Delhi [India], Mar. 6 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Tuesday termed industrialist Gautam Adani as the "biggest Non-Performing Asset (NPA) trapeze artiste in PSUs."
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RBI imposes Rs.30 million-penalty on Axis Bank
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
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No NPA during PM Modi's rule: BJP
Updated : 8 years ago IST
New Delhi [India] March 5 (ANI): The Bharatiya Janata Party (BJP) on Monday said not a single loan given under Prime Minister Narendra Modi's rule has become a non-performing asset (NPA).
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ASSOCHAM recommends extension of Aadhaar linkage with bank account
Updated : 8 years ago IST
New Delhi [India], Mar 4. (ANI): In the wake of the banking scams unearthed in the recent past, the ASSOCHAM opined that public sector banks, in particular, may find it challenging to complete the task of linking Aadhaar with the accounts of all customers by March 31, and therefore called fo
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IOB repays debt of USD 500 million Medium Term Notes
Updated : 8 years ago IST
Chennai (Tamil Nadu) [India], Mar 1 (ANI): Indian Overseas Bank (IOB), on Thursday announced a successful repayment of USD 500 million (second tranche) of medium term notes (MTN) on the due date February 21, 2018.
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NPA accounts above Rs 50 Cr to be probed for fraud
Updated : 8 years ago IST
New Delhi [India], Feb. 27 (ANI): In the wake of the recent crackdown on bank fraud cases, Rajeev Kumar, Secretary in the Department of Financial Services on Tuesday informed that all the Non-performing asset (NPA) accounts above Rs 50 crore will be examined for fraud.
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BJP chief blames Congress for OBC, Nirav Modi scams
Updated : 8 years ago IST
New Delhi [India], Feb. 26 (ANI): Bharatiya Janata Party (BJP) President Amit Shah on Monday accused the Congress party of creating the non-performing asset (NPA) and bad loan mess.
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Bank of Maharashtra lodges FIR against four for loan default
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 24 (ANI): Adding to the bandwagon of loan defaulters, the Bank of Maharashtra has filed an FIR with the Central Board of Investigation (CBI) against Delhi-based businessman Amit Singla and others over alleged loan default.
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