Search For "npa"
Banks recovered over Rs 10 lakh crore from defaulters in past 9 years: Cen
Updated : 2 years, 8 months ago IST
Minister of State (MoS) Finance Bhagwat Karad informed Parliament that banks in India have recovered non-performing assets worth Rs 10.16 lakh crore on an aggregate basis in the past nine years.
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Money was lent to "not-so-worthy" customers under UPA, resulting in NPAs:
Updated : 2 years, 8 months ago IST
"Before our government came to power in 2014, difficulty in the Indian banking system actually started because of irrational 'Phone Banking' which happened during the tenure of the UPA government. Back then, the priority in lending was given to not-so-worthy customers in an unprofessional
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Union Bank of India profit jumps 61 pc in fourth quarter
Updated : 2 years, 10 months ago IST
In the reviewed quarter, the bank had strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross non-performing assets (NPA). Interest margins expanded further annually.
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SC stays Bombay HC order allowing UIL chairperson to travel abroad
Updated : 3 years ago IST
The Supreme Court on Thursday stayed the Bombay High Court order which granted permission to UIL chairperson of Suman Vijay Gupta to travel abroad on the undertaking.
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Indian Renewable Energy Development Agency signs MoU with ministry, settin
Updated : 3 years, 2 months ago IST
The government has set a target of Rs 3,361 crore for revenue from operations, up by 18 per cent from the previous year's achievement, for 2022-23. According to a statement from the ministry of new and renewable energy, the government has also set various performance-related key parameters s
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Nagaland People's Action Committee calls for 6 hour statewide bandh on Jan
Updated : 3 years, 2 months ago IST
Therieh, also stated that the decision for a solution before the election was based on a "consensus decision" among the stakeholders and "urged the Central government to hear the voice of the people" and take the "peace process to its logical conclusion and deliver a solution".
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Apoorvaa - Credit Repair Lawyer of India is on a mission to create credit
Updated : 3 years, 2 months ago IST
New Delhi [India], December 28 (ANI/SRV): To walk an extra mile, Apoorvaa - Credit Repair Lawyer of India has made 2022 stupendous year with launch of two books, "The Indian Credit Reporting System" and "Improove Your Credit Health."
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J.C. Flowers completes acquisition of Nonperforming Assets from YES BANK i
Updated : 3 years, 3 months ago IST
New York [US], December 19 (ANI/PRNewswire): J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that the J.C. Flowers Asset Reconstruction Company (the "ARC") has com
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ED files chargesheet against 7 J-K-based bizmen, entities in 'Bank of Indi
Updated : 3 years, 4 months ago IST
The chargesheet was filed under the Prevention of Money Laundering Act (PMLA), 2002, in a case related to bank fraud wherein the total Non-Performing Assets (NPA) declared by the Bank of India was Rs 91.50 crore.
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National Financial Reporting Authority advises companies on non-accrual of
Updated : 3 years, 4 months ago IST
NFRA said it had come to its attention that during a disciplinary action under section 132(4) of the Act for professional misconduct of a statutory auditor, namely chartered accountant Som Prakash Aggarwal, of a listed company -- Vikas WSP Ltd, that the company in the financial statements
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RBI lifts prompt corrective action restrictions on Central Bank of India
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
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IDBI Bank shares surge on bad loan recovery, privatisation buzz
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 26 (ANI): Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privati
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