Search For "npa"
MHA revises financial cap for informers in operational areas
Updated : 1 year, 7 months ago IST
The financial power of the Director Generals of the Central Armed Police Forces (CAPFs), Assam Riffles, the National Security Guards (NSG), the Intelligence Bureau (IB), the National Investigation Agency (NIA) and the National Police Academy (NPA), has been enhanced under various categori
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J-K bank's profit rises 27% to Rs 415 cr in Apr-Jun quarter on high income
Updated : 1 year, 8 months ago IST
Announcing a significant increase in quarterly profits, J&K Bank today posted Rs 415.49 crore as profit-after-tax (PAT) for the April-June quarter of the current financial year, which is up by 27 percent YoY from Rs 326.45 Cr recorded for the first quarter of the previous financial ye
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Kotak Mahindra Bank increases customer base, customer assets by 20% YoY
Updated : 1 year, 8 months ago IST
Kotak Mahindra Bank has reported a significant growth in its financial performance for the first quarter of FY25, with the Profit After Tax (PAT) reaching Rs 6,250 crore, an 81 per cent increase from Rs 3,452 crore in Q1FY24.
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Bank of Maharashtra's net profit surges to Rs 1,293 cr in Q1 FY 25
Updated : 1 year, 8 months ago IST
The net profit of Bank of Maharashtra surged by 46.64 per cent to Rs 1293 crore during the first quarter of FY 2024-25, the bank informed the exchange in a filing on Monday.
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India can become world's second-largest economy by 2031: RBI Dy Governor P
Updated : 1 year, 8 months ago IST
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
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Indian banks are better placed with strong balance sheet, low NPAs and hig
Updated : 1 year, 9 months ago IST
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia), a capital markets and in
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 1 year, 9 months ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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Poonawalla Fincorp Achieves Significant Milestone of GNPA Below 1 per cent
Updated : 1 year, 9 months ago IST
Pune (Maharashtra) [India], June 3: Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, has achieved a significant milestone of Gross NPA below 1 per cent and Net NPA below 0.5 per cent as on 31st May 2024. It continued to regis
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Bad loans during UPA stifled credit needs of startups and small businesses
Updated : 1 year, 9 months ago IST
The bad loans crisis during the Congress-led UPA tenure stifled the credit requirements and dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses, alleged Finance Minister and senior BJP leader Nirmala Sitharaman.
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IDFC FIRST Bank to Raise Rs 3,200 cr Via Preferential Issue
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], May 31: IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunitie
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Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala S
Updated : 1 year, 10 months ago IST
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
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With clean balance-sheet Indian Banking sector has enough opportunity for
Updated : 1 year, 10 months ago IST
India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing Infrastructure & Development in an exclusive conversation with ANI.
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