Search For "npa"
IDFC First Bank Q4 profit rises 168 per cent to Rs 343 crore
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 30 (ANI): IDFC First Bank on Saturday said its net profit for the quarter ended March 2022 surged 168 per cent year-on-year to Rs 343 crore as compared to Rs 128 crore recorded in the corresponding period of last year.
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HDFC Bank gross NPA declines to 1.17 per cent in March 2022
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 16 (ANI): The asset quality of India's largest private sector lender HDFC Bank has improved as the bank's gross non-performing assets (NPAs) declined to 1.17 per cent of gross advances as on March 31, 2022, as against 1.32 per cent as on March 31, 2021, a
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Writing off does not mean completely waiving money due from NPAs: Sitharam
Updated : 3 years, 12 months ago IST
New Delhi [India], March 29 (ANI): Finance Minister Nirmala Sitharaman on Monday said that writing off does not mean "completely waiving the amount" and banks follow up on loans to recover the outstanding dues.
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ABG Shipyard fraud detected faster than usual, says Finance Minister
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): Union Finance Minister Nirmal Sitharaman on Monday said the lending by a consortium of banks to ABG Shipyard had turned a non-performing asset (NPA) before Prime Minister Narendra Modi government came to power in 2014, adding that the banks have done a c
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SBI profit surges 62 pc to Rs 8,432 crore in Q3
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): State Bank of India, the country's largest lender, on Saturday said its net profit surged 62.27 per cent to Rs 8,432 crore in the third quarter of the current financial year when compared with the corresponding period of the previous year.
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Assam Forest Minister Parimal Suklabaidya rolls out Assam Micro Finance In
Updated : 4 years, 1 month ago IST
Guwahati (Assam) [India], February 3 (ANI): Assam Environment and Forest Minister Parimal Suklabaidya gave away cheques as financial support to women borrowers who took loans from microfinance institutions in Assam's Hojai district on Thursday under Category 1 of Assam Micro Finance Incentiv
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SC refuses to pass interim order to restrain lenders from declaring Future
Updated : 4 years, 1 month ago IST
New Delhi [India], February 3 (ANI): The Supreme Court on Thursday refused to pass any interim order on a petition of Future Retail Limited (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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CBI books Hyderabad-based firm for causing loss of Rs 218.21 cr to SBI
Updated : 4 years, 1 month ago IST
New Delhi [India], February 2 (ANI): Central Bureau of Investigation has registered a case against a Hyderabad based company, its Managing Director, Director and unknown public servants for an alleged bank fraud based on a complaint from a State Bank of India (SBI) Stressed Assets Management
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SC seeks banks' response on Future Retail's plea to restrain lenders from
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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DBI Bank Q3 profit jumps 53 per cent to Rs 578 crore
Updated : 4 years, 2 months ago IST
Mumbai [India], January 21 (ANI): IDBI Bank on Friday reported Rs 578 crore net profit for the third quarter of the current financial year, which is 53 per cent more when compared with the corresponding quarter of last year.
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Banks' gross NPAs may rise to 9.5 per cent in Sept 2022: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 29 (ANI): The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday.
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Income Tax Department conducts searches in Mumbai
Updated : 4 years, 3 months ago IST
New Delhi [India], December 15 (ANI): The Income Tax Department has carried out search and seizure operations on four Asset Reconstruction Companies (ARCs) in Mumbai, informed the Ministry of Finance on Wednesday.
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