Search For "npas"
Asset quality of banks improves to decadal high at end-September: RBI
Updated : 2 years, 2 months ago IST
The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023.
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Indian banks continue to stand strong and resilient; over Rs 15,000 crore
Updated : 2 years, 3 months ago IST
Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday
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MP CM Chouhan announces time-bound salary to all department doctors
Updated : 2 years, 6 months ago IST
“Medical college doctors will also get the benefit of the seventh pay scale from January 1, 2016. Errors in the calculation of NPAs will be corrected. Contractual doctors will also get facilities at par with government contractual employees. All departmental doctors will receive equal pay fo
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Banks recovered over Rs 10 lakh crore from defaulters in past 9 years: Cen
Updated : 2 years, 7 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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J.C. Flowers completes acquisition of Nonperforming Assets from YES BANK i
Updated : 3 years, 2 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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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, 11 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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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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SC refuses to entertain Swamy's plea for guidelines to check NPAs, says
Updated : 4 years, 5 months ago IST
New Delhi [India], October 7 (ANI): The Supreme Court on Thursday declined to entertain a plea filed by Subramanian Swamy seeking direction to frame guidelines to deal with the ever-increasing Non-Performing Assets (NPAs) in the banking sector.
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SC declines to entertain plea seeking guidelines to tackle rising NPAs in
Updated : 4 years, 5 months ago IST
New Delhi [India], October 7 (ANI): The Supreme Court on Thursday declined to entertain a plea filed by BJP MP Subramanian Swamy seeking direction to frame guidelines to deal with the ever-increasing Non-Performing Assets (NPA) in the banking sector.
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Naqvi takes jibe at Congress over C'garh crisis, compares party with NPAs
Updated : 4 years, 6 months ago IST
New Delhi [India], August 24 (ANI): Amid the ongoing rift in Chhattisgarh Congress, Union Minister Mukhtar Abbas Naqvi on Tuesday took a jibe and compared Congress with non-performing assets (NPAs).
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