Search For "write offs"
Banks' financial health improves as non-performing assets decline to Rs 4.
Updated : 6 months, 1 week ago IST
The financial health of banks in the country continues to strengthen, with non-performing assets (NPAs) registering a steady decline in the second quarter of the current financial year FY26, highlighted a report by CareEdge Ratings.
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"BJP's economic mismanagement has a human cost": Rahul Gandhi alleges BJP'
Updated : 1 year, 2 months ago IST
Rahul Gandhi alleged that the BJP government wrote off Rs 16 lakh crore in loans, linking it to a banking crisis and workplace harassment. He vowed Congress's support for affected professionals, citing ex-ICICI employees' grievances, including forced transfers and wrongful terminations.
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"Over Rs 9.9 lakh cr written off in 5 years, with recovery of just 1.8 lak
Updated : 1 year, 9 months ago IST
In a post on X, Surjewala said, "Modi ji's "tempo service" to select crony friends has no bounds! The loan write-offs to selected cronies is an annual affair of the Modi Government, with little recovery."
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Process for recovering money for depositors post loan write-off "layered",
Updated : 3 years, 5 months ago IST
Union finance minister Nirmala Sitharaman on Monday said the processes for recovering money for depositors post bank loan write-offs are "layered", while noting that small depositors are put to "extreme difficulty" in the process of justice delivery.
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Banks' asset quality remains monitorable despite lower increase in NPAs: I
Updated : 5 years, 1 month ago IST
New Delhi [India], April 6 (ANI): Despite a decline in reported gross and net non-performing assets (NPAs) by banks, their assets quality continues to remain monitorable, ICRA Ratings has said.
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Gross NPAs of banks may jump to 11.5 pc by end of FY21: Care Rating
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], October 14 (ANI): The gross non-performing assets (NPAs) ratio of Indian banks is likely to be 11 to 11.5 per cent by end of current fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating.
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Fashion retailers likely to witness 35 to 42 pc dip in FY21 revenues: ICRA
Updated : 5 years, 7 months ago IST
New Delhi [India], Oct 10 (ANI): The value and lifestyle fashion retailers are likely to witness 35 to 42 per cent decline in revenues during the current financial year, according to investment information firm ICRA.
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Economic recovery key to limiting Indian banks' loan losses: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra), October 6 (ANI): Indian banks face a tough operating environment in the near term as stressed loans and write-offs increase as a result of the economic fallout from the coronavirus pandemic, Fitch Ratings said on Tuesday.
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Nirmala Sitharaman rebuts Rahul Gandhi's allegations on 'wilful defaulters
Updated : 6 years, 1 month ago IST
New Delhi [India], April 29 (ANI): Finance Minister Nirmala Sitharaman on Tuesday rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manne
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Indian banks' loan write-offs to continue: Fitch Ratings
Updated : 6 years, 5 months ago IST
Singapore, Dec 5 (ANI): Indian banks are likely to take significantly more loan write-offs against a backdrop of rising provisions and weak recovery prospects, Fitch Ratings said on Thursday.
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Write-offs don't lead to waivers, claims Jaitley
Updated : 7 years, 8 months ago IST
New Delhi [India], Oct 1 (ANI): Hours after Congress president Rahul Gandhi targeted the government for waiving off debts of "crony capitalists", Finance Minister Arun Jaitley in his blog post on Monday stated that write-offs by banks are not counted as loan waivers and are done as per the R
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