Search For "npa"
PNB suspends 10 in a fraud involving top jewellery designer
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 14 (ANI): The Punjab National Bank (PNB) on Wednesday suspended its ten officials, including a branch Deputy Manager, in a fraudulent transaction case that also involved noted jewellery designer Nirav Modi.
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SBI reports Rs 2,416 cr loss in Q3
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 9 (ANI): The State Bank of India (SBI) on Friday reported loss of Rs. 2,416 crore in the third quarter of the current fiscal, attributed to lower trading income on account of hardening of bond yields, higher corporate slippages leading to higher loan loss provisions an
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RBI grants payment extension to select MSMEs
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): In a bid to relieve Micro, Small and Medium Enterprises (MSMEs) of payment-related woes, the Reserve Bank of India (RBI) on Wednesday announced that select companies would be provided additional time to repay loans.
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Inflation projected at 5.1-5.6% in the next fiscal
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): The Reserve Bank of India (RBI) on Wednesday revealed that the estimated inflation for first half of the next fiscal would stand at 5.1 to 5.6 percent.
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Budget 2018: SME sector hopeful of new mechanisms
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 30 (ANI): With this year's Union Budget scheduled to be presented in two days, anticipations are rife on what the government has in store for various sectors, especially post the rollout of the Goods and Services Tax (GST).
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IBC mechanism being used to resolve NPA Problem: Economic Survey
Updated : 8 years, 1 month ago IST
New Delhi [India], January 29 (ANI): The International Bank of Commerce (IBC) mechanism is being used to resolve the Non-Performing Asset (NPA) problem in the country, as per the Economic Survey 2017-18.
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CRISIL outlook on PSBs revised to 'stable' from 'negative'
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 27 (ANI): The economic outlook of the Indian public sector banks (PSBs) was revised from 'negative' to 'outlook' by credit rating body CRISIL.
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Banks reporting spike in NPAs, declining credit growth
Updated : 8 years, 2 months 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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Gross NPAs to reach Rs. 9, 50,000Cr by March '18
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 23 (ANI): With the Indian banking sector currently under stress, gross NPAs are expected to rise from Rs. 8 lakh crore to Rs. 9.5 lakh crore by March this year, an ASSOCHAM-Crisil study noted.
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Tech-based approach can help NBFCs meet credit demand: Study
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 7 (ANI): Amid increasing pressure on the banking system due to bad loans and NPAs, an ASSOCHAM-PwC joint study noted that in order to meet credit demand, non-banking financial companies (NBFCs) in India could explore investments in newer technology, particularly in the
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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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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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