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Non Performing Assets

Govt For Banks To Collaborate With NBFCs And Fintech Companies, Says Official

Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial services, said that the government is pushing the public sector banks (PSBs) to work with the NBFCs...

23 September 2022

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Govt, RBI Measures Help Banks Recover Bad Loans Worth Over Rs 8.6 Lakh Crore In Last 8 Fiscal

Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) is normal, although an undesirable, corollary to the business of banking


FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

The meeting was scheduled to be chaired by Finance Minister Nirmala Sitharaman, but she could not attend due to some other pressing engagement


Reserve Bank Of India

Central Bank Of India Shares Jump Nearly 7% As RBI Removes Company From PCA Watchlist

The company's shares climbed 6.63 per cent to settle at Rs 21.70 apiece on the BSE. During the day, it zoomed 15.47 per cent to Rs 23.50

21 September 2022

NBFCs Should Diversify Risks Across Sectors: Former SBI Chief Rajnish Kumar

Kumar said the NBFCs will have to maintain capital adequacy norms, introduce core banking solutions and make adequate disclosures by 2025


Banks, Financial Institutions Should Proactively Undertake Stress Testing Of Loan Books: RBI DG Rao

The gross non-performing assets and net NPAs of banks improved to 5.97 per cent and 1.7 per cent as of March 31, 2022, from 9.23 per cent and 3.66 per cent as of September 2019, respectively, he said

16 June 2022

RBI Removes Central Bank Of India From PCA Watchlist

Of the three state-owned lenders under the RBI's PCA framework, Indian Overseas Bank and UCO Bank were removed from the watchlist in September 2021

20 September 2022

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Kotak Mahindra Bank.

Kotak Mahindra Bank's Profit Jump 65% At Rs 2,767 Crore In March Quarter

The private sector lender had reported a net profit of Rs 1,682.37 crore in the same quarter of the previous fiscal year.

04 May 2022

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21 April 2022
RBI Puts Lending Caps On NBFCs Exposure To A Single Entity, Norms Effective From October 1

RBI Puts Lending Caps On NBFCs Exposure To A Single Entity, Norms Effective From October 1

The Reserve Bank of India has specified the maximum permissible lending possible to a single entity by an NBFC or a group of connected NBFCs.


20 March 2022
SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions...


20 February 2022
Piyush Goyal Blames UPA Govt For Rs 22,848 Crore Fraud By ABG Shipyard

Piyush Goyal Blames UPA Govt For Rs 22,848 Crore Fraud By ABG Shipyard

Union Commerce and Industry Minister Piyush Goyal on Saturday said loans were disbursed to the firm from 2005 to 2012 in the rip off


17 February 2022
Housing Financiers' Bad Loans Jump By 70 Bps Following New Asset Quality Norms: Report

Housing Financiers' Bad Loans Jump By 70 Bps Following New Asset Quality Norms: Report

The Reserve Bank of India had on November 12, 2021, introduced tighter asset quality reporting norms for all lenders, which brought in housing financiers and...


16 February 2022
How RBI's NPA Recognition Norm Extension Will Help Non-Banking Finance Companies

How RBI's NPA Recognition Norm Extension Will Help Non-Banking Finance Companies

RBI said that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the...


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14 February 2022
India Needs To Develop A Market For Distressed Assets, Says Report

India Needs To Develop A Market For Distressed Assets, Says Report

The report said, to free up banks so they can focus on new lending and to reduce the burden on their resources for debt collection, there is a dire need to...


03 February 2022
Mahindra Finance Aims To Bring Net NPA Below 4% By March

Mahindra Finance Aims To Bring Net NPA Below 4% By March

Under the Reserve Bank of India's Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances (IRACP), released in...


20 October 2021
Bank Gross NPAs To Rise To 8-9 Per Cent, Stressed Assets To Touch 10-11 Per Cent: CRISIL

Bank Gross NPAs To Rise To 8-9 Per Cent, Stressed Assets To Touch 10-11 Per Cent: CRISIL

With 2 per cent of bank credit expected under restructuring by the end of this fiscal, stressed assets - comprising gross NPAs and loan book under...


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