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NPAs News

09 Oct 2022

SBI lines up NPAs over Rs 746 crore for sale in Oct-Nov

SBI said the proposed acquisition of these assets should not be funded and backed by promoters/company/guarantors or any of their related parties. SBI said only ARCs are eligible in the e-auction as it is a fraud account.

non-performing assets

25 Sep 2022

High NPAs in education loan segment turn banks cautious

Cautious approach is adopted at the end of branches while sanctioning education loans due to high NPAs. In India, around 90 per cent of education loans are disbursed by the PSBs. The outstanding education loans of all banks were Rs 79,056 crore at the end of March 2020 and at Rs 78,823 crore as of March 2021.

16 Apr 2022

HDFC Bank net profit jumps 23% to Rs 10,055 crore in Q4

Total income rose to Rs 41,085.78 crore during Q4 FY22. HDFC Bank's total income was Rs 38,017.50 crore in the year-ago period. Net NPAs (or bad loans) stood at 0.32 per cent of the net advances.

Reserve Bank of India

12 Nov 2021

RBI asks banks not to standardise bad loans on just getting interest payments

The monetary authority has from time to time been issuing new/revised norms. The changes happen based on dud asset classification as system-wide NPAs began to balloon. For NBFCs, 90-days for SMA-2/NPA classification may be read according to the applicable norms.

Nirmala Sitharaman

30 Aug 2019

PNB, OBC, United bank will be merged: FM Nirmala Sitharaman

Her press conference comes just a little ahead of the release of India's latest Gross Domestic Product (GDP) growth numbers.

20 Aug 2019

Q1 bank loan growth fell 1.2% due to low interest income: Report

For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.

Dewan Housing Finance Corporation

06 Aug 2019

DHFL seeks repayment moratorium, assures ''no haircut on principal''

In its resolution plan, the company has also sought funding from banks and the National Housing Bank for starting retail funding activity.

16 Jul 2019

Mudra loans amounting to Rs 17,651 crore turned into NPAs

Reasons for NPAs for loans extended under PMMY are, inter-alia, first time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices, poor credit appraisal, wilful default by borrowers, impaired cash flows of the units due to slowdown in business etc.

public sector banks

26 Jun 2019

Gross NPAs of Public Sector Banks declined by Rs 89,189 crore in March

Gross NPAs of PSBs have declined by Rs 89,189 crore from the peak of Rs 8,95,601 crore in March 2018 to Rs 8,06,412 crore in March 2019, FM Sitharaman said.

25 Jun 2019

Gross NPAs of banks may reduce to 8% by March 2020: Report

NPA in the banking system had peaked at 11.5 percent in March 2018 and then declined to 9.3 percent in March 2019.

11 Sep 2018

Larger number of bad loans originated in 2006-2008: Rajan

Rajan pointed out that the loan waivers vitiate the credit culture and an all-party agreement to this effect would be in the country`s interest in view of impending elections.

11 Sep 2018

Raghuram Rajan’s statement proves Congress is behind rising NPAs: Smriti Irani

The Bharatiya Janata Party (BJP) on Tuesday said that a statement by former Reserve Bank of India (RBI) Governor Raghuram Rajan proves that the Congress party is responsible to the rise in non performing assets (NPAs). Addressing a press conference, Union minister Smriti Irani accused Congress president Rahul Gandhi, Sonia Gandhi and Robert Vadra of sabotaging taxpayers’ money.

non-performing assets

20 Aug 2018

Parliamentary panel calls ex-RBI gov Rajan to brief on mounting NPAs

The panel has already questioned senior finance ministry officials, including Finance Secretary Hasmukh Adhia and top brass of banks, about rising bad loans.

27 Jun 2018

Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India

There are 11 banks under PCA framework on account of their high bad loans.

13 Jun 2018

Wisdom is not heritable: Arun Jaitley takes a dig at Rahul Gandhi

Senior BJP leader Arun Jaitley said on Wednesday that Rahul Gandhi with his customary inaccuracies could one day give to the country his monumental work on 'The rediscovery of Coca-Cola'.

Arvind Panagariya

25 Mar 2018

Except SBI, rest state-run banks should be privatised, says Arvind Panagariya

The former NITI Aayog vice-chairman also said that political parties should mention privatisation of PSBs in their 2019 general election manifesto.

19 Feb 2018

PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks

FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.

09 Feb 2018

Bad loans hurt state-run banks, push SBI to surprise third-quarter loss

Bad loans in PSBs have nearly doubled in the past four years as an economic slowdown took its toll on the ability of companies to repay debt.

07 Feb 2018

Accretion of fresh NPAs has virtually stopped, says Bibek Debroy

According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.

Union Budget 2018

31 Jan 2018

Union Budget 2018: What it holds for Banking & Telecom sectors

The Union Budget for 2018-19 is significant for the Modi government as it will be the first budget post the implementation of the Goods and Services Tax regime.

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