Non Performing Assets

Non Performing Assets News

SBI, India's largest govt bank, earns Rs 1689100000 profit in just..., bank's total income rises to... — SBI, India's largest govt bank, earns Rs 1689100000 profit in just..., bank's total income rises to...

Victor Dasgupta February 6, 2025 8:19 PM IST

The bank's total income rose to Rs 1,28,467 crore in the third quarter of the current fiscal against Rs 1,18,193 crore in the same period a year ago, SBI said in a regulatory filing.

India's largest bank to sell Rs 27320000000 of bad loans through swiss challenge auction due to… — India's largest bank to sell Rs 27320000000 of bad loans through swiss challenge auction due to…

Anirudha Yerunkar December 10, 2024 3:05 PM IST

SBI is trying to sell bad loans worth Rs 2,732.5 crore related to Odisha-based ARSS Infrastructure Projects Ltd.

Indian Banks Wrote Off Loans Worth 10 Trillion In Last 5 Years — Indian Banks Wrote Off Loans Worth 10 Trillion In Last 5 Years

India.com Business Desk December 19, 2022 4:32 PM IST

Union Finance Minister Nirmala Sitharaman, while replying to a question in the Parliament, has asserted that the borrowers of written-off loans continue to be liable for repayment, and the process of recovery of dues from the borrower in written-off loan accounts continues.

MSMEs Hit Hardest Due To Covid Despite RBI's Restructuring Schemes, Bad Loans Account At Rs 20,000 Cr in 2020-21 — MSMEs Hit Hardest Due To Covid Despite RBI's Restructuring Schemes, Bad Loans Account At Rs 20,000 Cr in 2020-21

India.com Business Desk March 12, 2022 11:14 AM IST

Thousands of MSMEs either shut down or became sick after the government announced a nationwide strict lockdown in March 2020 in the wake of the Covid. According to the RBI, bad loans of MSMEs now account for 9.6 per cent of gross advances of Rs 17.33 lakh crore as against 8.2 per cent in September 2020.

SBI Card Third Quarter Net Profits Rise By 56 Per Cent To Rs 386 Crore — SBI Card Third Quarter Net Profits Rise By 56 Per Cent To Rs 386 Crore

India.com Business Desk January 25, 2022 11:33 AM IST

SBI News Today: SBI Card third-quarter net profit has been recorded at Rs 386 crores. In the same period the previous year, the SBI arm saw a net profit of Rs 210 crore.

Resolve Stressed Assets in Time For Maximum Value: Reserve Bank of India — Resolve Stressed Assets in Time For Maximum Value: Reserve Bank of India

IANS August 20, 2019 7:11 PM IST

RBI Deputy Governor NS Vishwanathan also said that the central bank will be coming out with the final guidelines for private and foreign bankers' compensation soon.

Plea For Restraining Political Parties From Offering Loan Waivers Filed in SC — Plea For Restraining Political Parties From Offering Loan Waivers Filed in SC

PTI April 17, 2019 9:55 PM IST

The statement said political parties should not be permitted to offer loan waiving schemes or any other monetary schemes in their election manifestos.

LIC May Infuse up to Rs 12,000 Crore in IDBI Bank to Help it Meet Provisioning For NPAs in Q4 — LIC May Infuse up to Rs 12,000 Crore in IDBI Bank to Help it Meet Provisioning For NPAs in Q4

IANS February 15, 2019 9:26 PM IST

As a result, the bank's provision for bad loan increased to Rs 5,074.80 crore in Q3, compared with Rs 3,649.82 crore a year ago.

Bad Loans on Decline, Recoveries up, Says Arun Jaitley; Sees Economy Growing at Around 8 Per Cent — Bad Loans on Decline, Recoveries up, Says Arun Jaitley; Sees Economy Growing at Around 8 Per Cent

India.com Business Desk September 25, 2018 8:19 PM IST

Jaitley said after the Insolvency and Bankruptcy Code (IBC) came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up.

Raghuram Rajan's Policies And Not Demonetisation Slowed Down Indian Economy: Niti Aayog VC — Raghuram Rajan's Policies And Not Demonetisation Slowed Down Indian Economy: Niti Aayog VC

India.com Business Desk September 3, 2018 4:14 PM IST

Kumar said that Rajan's policies on non-performing assets (NPAs) led to the decline in economic growth and not the government's move to ban the Rs 500 and Rs 1000 notes.

How Many Loans Given After May 2014 Turned Into NPAs: Chidambaram Slams PM Modi — How Many Loans Given After May 2014 Turned Into NPAs: Chidambaram Slams PM Modi

India.com News Desk September 2, 2018 11:50 AM IST

How Many Loans Given After May 2014 Turned Into NPAs: Chidambaram Slams PM Modi

200 Stressed Accounts Under RBI Scanner to Contain Rising NPAs — 200 Stressed Accounts Under RBI Scanner to Contain Rising NPAs

Press Trust of India August 15, 2018 6:34 PM IST

Reserve Bank of India (RBI) is examining as to whether banks have followed prudential norms in respect of these stressed assets.

Punjab National Bank Q1 Net Loss at Rs 940 Crore

Indo-Asian News Service August 7, 2018 10:46 PM IST

The bank earned a total interest of Rs 13,113.17 crore, up 7.44 per cent from Rs 12,136.36 crore earned during Q1 of 2017-18.

ICICI Bank Reports Loss of Rs 120 Cr For June Quarter Due to Bad Loans — ICICI Bank Reports Loss of Rs 120 Cr For June Quarter Due to Bad Loans

Press Trust of India July 27, 2018 7:09 PM IST

Total income was Rs 18,574.17 crore as against Rs 16,847.04 crore in April-June, 2017-18, the bank said in a statement. Net profit on a consolidated basis for the June quarter was a meagre Rs 4.93 crore, compared to Rs 2,604.73 crore a year ago.

Banks Write off Whopping Sum of Rs 1,44,093 Crore in FY 2017-18. Read Details — Banks Write off Whopping Sum of Rs 1,44,093 Crore in FY 2017-18. Read Details

India.com Business Desk June 15, 2018 11:48 AM IST

Of the total amount written off in 10 years, 83.4 per cent of this amount was from public sector banks.

Allahabad Bank Focuses on Recovery, Refers 65 NPA Accounts to IBC — Allahabad Bank Focuses on Recovery, Refers 65 NPA Accounts to IBC

IANS Feeds June 11, 2018 2:37 PM IST

As per the latest annual report of state run Allahabad Bank, the bank will focus on aggressive recovery drive, a build-up in CASA (current account and savings account) and rebalancing of loan book with emphasis on SMARt (small, micro, agriculture and retail) loans.

Banks make provisions for NPAs, set aside Rs 80,000 crore — Banks make provisions for NPAs, set aside Rs 80,000 crore

Srividhya Iyer June 27, 2017 10:31 AM IST

The decision comes in the wake of the Reserve Bank of India's (RBI's) letter to the banks asking them to make 50 per cent provisioning 12 bad loans which are worth around Rs 2,00,000 crore.

NPA Menace: Finance Minstry makes public names of 12 biggest defaulters identified by RBI; here's what will happen to them now! — NPA Menace: Finance Minstry makes public names of 12 biggest defaulters identified by RBI; here's what will happen to them now!

Sakshita Khosla June 16, 2017 10:52 AM IST

Bhushan Steel, Bhushan Power, Essar Steel and JP Infra are some of the most prominent defaulters on RBI's hit list.

Central Bank of India shares dip by 2.41% after RBI puts the bank under corrective action following high NPA, negative RoA — Central Bank of India shares dip by 2.41% after RBI puts the bank under corrective action following high NPA, negative RoA

Srividhya Iyer June 15, 2017 7:30 PM IST

While the bank has been able to cut its losses, the extensive amount of Non Performing Assets meant that the state-owned bank recorded a loss of Rs 592 crore during the last quarter of the previous financial year.

NPA Menace: RBI shortlists 12 major defaulters constituting 25% bank bad loans for insolvency — NPA Menace: RBI shortlists 12 major defaulters constituting 25% bank bad loans for insolvency

Sakshita Khosla June 14, 2017 11:33 AM IST

These 12 major loan defaulters have qualified for immediate reference under the Insolvency and Bankruptcy Code (IBC), said RBI.

Bad debt situation not that grim, recovery hopes intact: SBI — Bad debt situation not that grim, recovery hopes intact: SBI

PTI Feeds May 6, 2017 1:52 PM IST

Banks are straddled with anywhere between Rs 9 lakh crore to Rs 12 lakh crore of stressed assets - made up of bad loans, restructured debt and advances to companies that cannot meet servicing obligations.

Pranab Mukherjee signs ordinance to amend Banking Regulation Act — Pranab Mukherjee signs ordinance to amend Banking Regulation Act

Sakshita Khosla May 5, 2017 11:37 AM IST

Currently Indian banking system has Rs 9.64 trillion in bad loans.

Government clears new ordinance to crackdown on loan defaulters — Government clears new ordinance to crackdown on loan defaulters

Rini Sharma May 4, 2017 8:23 AM IST

The Union Cabinet cleared an ordinance to give more power to the Reserve Bank of India (RBI) to deal with the non-performing assets (NPAs) in the sector.

Supreme Court to decide if names of bank defaulters can be made public — Supreme Court to decide if names of bank defaulters can be made public

ANI October 28, 2016 8:46 AM IST

Bhushan told the bench that since the apex bank was covered under the Right to Information Act, the list of defaulters with NPAs of Rs. 500 crore or more should be disclosed.

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