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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
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Dogecoin Co-Founder Calls 95 Percent of All Crypto Projects 'Scam and Garbage'
Billy Markus, co-founder of the popular memecoin Dogecoin, said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer. According to Markus, top traditional financial players have labelled the digital asset landscape as "garbage" and a scam because of the existence of bad players ...
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Bad Loans Worth Rs 4 Lakh Crore Recovered In 4 Years: Nirmala Sitharaman
The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sitharaman said on Friday.
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Karnataka Announces Waiver Of Bad Loans Of About 1 Lakh Farmers
The Karnataka government today decided to waive Non Performing Asset loans of about one lakh farmers, who owe about Rs 965 crore to commercial banks.
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Bad Loans Are Results Of Congress Government's Misdeeds: Amit Shah
BJP chief Amit Shah targeted Congress president Rahul Gandhi on Friday for raising the issue of bank loans and non-performing assets (NPA) in poll rallies, saying those were the results of the misdeeds of the previous Congress-led government.
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P Chidambaram Slams Centre For "Heavy-Handed" Approach Towards Bad Loans
Senior Congress leader P Chidambaram today slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.
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To Tackle Bad Loans, Parliamentary Panel Seeks Raghuram Rajan's Advice
A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter.
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Centre Willing For Changes In Insolvency And Bankruptcy Code
The government is willing to make further changes to the Insolvency and Bankruptcy Code (IBC) which has become a game changer in resolving the massive non-performing assets (NPAs), or bad loans, problem of India's banks and creating a market for stressed assets, a senior official said on Friday.
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Arvind Subramanian To Brief Parliament Body On 8.99 Lakh Crore Bad Loans
Outgoing Chief Economic Adviser Arvind Subramanian shall brief a parliamentary panel on the issue of mounting non-performing assets on Wednesday.
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RBI Governor To Brief Parliamentary Panel On Mounting Bad Debts
RBI Governor Urjit Patel will appear before a parliamentary panel on June 12, of which former prime minister Manmohan Singh is a member, to brief them about banking frauds and mounting non-performing assets (NPAs).
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Towering NPAs: December Figure Stands At Rs 8.41 Lakh Crore
Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply that industry accounted for largest portion of these NPAs
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Aadhaar-Bank Account Linking Deadline Must Be Extended In Wake Of PNB Fraud, Says Assocham
The industry body said the PSBs are smarting under the alleged frauds running into thousands of crores of rupees even as the pressure of non-performing assets (NPAs), or bad loans, is increasing by the day.
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$3.6 Billion In Hidden Bad Loans Spotlight Indian Banking Stress
State Bank of India's shares fell 1.7 percent to Rs 296.4 in Mumbai on Friday, extending this year's drop to 4.4 percent.
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In Mumbai, Delhi, How Once-Hot Property Market Has Tanked
The property developers are adding to a pile-up of bad loans in India's banking sector, which is already struggling to manage a spike in stressed assets across several industries.
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
-
Dogecoin Co-Founder Calls 95 Percent of All Crypto Projects 'Scam and Garbage'
Billy Markus, co-founder of the popular memecoin Dogecoin, said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer. According to Markus, top traditional financial players have labelled the digital asset landscape as "garbage" and a scam because of the existence of bad players ...
-
Bad Loans Worth Rs 4 Lakh Crore Recovered In 4 Years: Nirmala Sitharaman
The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sitharaman said on Friday.
-
Karnataka Announces Waiver Of Bad Loans Of About 1 Lakh Farmers
The Karnataka government today decided to waive Non Performing Asset loans of about one lakh farmers, who owe about Rs 965 crore to commercial banks.
-
Bad Loans Are Results Of Congress Government's Misdeeds: Amit Shah
BJP chief Amit Shah targeted Congress president Rahul Gandhi on Friday for raising the issue of bank loans and non-performing assets (NPA) in poll rallies, saying those were the results of the misdeeds of the previous Congress-led government.
-
P Chidambaram Slams Centre For "Heavy-Handed" Approach Towards Bad Loans
Senior Congress leader P Chidambaram today slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.
-
To Tackle Bad Loans, Parliamentary Panel Seeks Raghuram Rajan's Advice
A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter.
-
Centre Willing For Changes In Insolvency And Bankruptcy Code
The government is willing to make further changes to the Insolvency and Bankruptcy Code (IBC) which has become a game changer in resolving the massive non-performing assets (NPAs), or bad loans, problem of India's banks and creating a market for stressed assets, a senior official said on Friday.
-
Arvind Subramanian To Brief Parliament Body On 8.99 Lakh Crore Bad Loans
Outgoing Chief Economic Adviser Arvind Subramanian shall brief a parliamentary panel on the issue of mounting non-performing assets on Wednesday.
-
RBI Governor To Brief Parliamentary Panel On Mounting Bad Debts
RBI Governor Urjit Patel will appear before a parliamentary panel on June 12, of which former prime minister Manmohan Singh is a member, to brief them about banking frauds and mounting non-performing assets (NPAs).
-
Towering NPAs: December Figure Stands At Rs 8.41 Lakh Crore
Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply that industry accounted for largest portion of these NPAs
-
Aadhaar-Bank Account Linking Deadline Must Be Extended In Wake Of PNB Fraud, Says Assocham
The industry body said the PSBs are smarting under the alleged frauds running into thousands of crores of rupees even as the pressure of non-performing assets (NPAs), or bad loans, is increasing by the day.
-
$3.6 Billion In Hidden Bad Loans Spotlight Indian Banking Stress
State Bank of India's shares fell 1.7 percent to Rs 296.4 in Mumbai on Friday, extending this year's drop to 4.4 percent.
-
In Mumbai, Delhi, How Once-Hot Property Market Has Tanked
The property developers are adding to a pile-up of bad loans in India's banking sector, which is already struggling to manage a spike in stressed assets across several industries.
