Bad Loans
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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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Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
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Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
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Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
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Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails
Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptoc...
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Nirmala Sitharaman's 13-Tweet Counter To Rahul Gandhi's 'RBI List' Attack
In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.
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Coronavirus Pandemic: PSA Groupe Secures Further 3 Billion Euros Of Loans
Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.
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Indian Banks To Seek Relief On Bad Loans Amid Coronavirus Gloom: Report
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday.
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Industrialist Subhash Chandra Summoned In Yes Bank Money Laundering Case
Industrialist Subhash Chandra has been summoned in a money laundering case involving Yes Bank founder Rana Kapoor.
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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.
-
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.
-
Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Rs 7.1 Lakh Crore
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.
-
Google Acted Against Over 3,500 Loan Apps in India in 2022 for Violating Play Store Policy
Google took action against over 3,500 loan apps in India in 2022 for violating Play Store policy requirements, the company said on Thursday. Google said that overall it prevented 1.43 million policy-violating apps from being published on Google Play banning 1,73,000 bad accounts preventing over $2 billion (nearly Rs. 16,350 crore) in fraudulent and...
-
Banks Write Off Loans Worth Rs 11.17 Lakh Crores In Past 6 Years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.
-
Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails
Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptoc...
-
Nirmala Sitharaman's 13-Tweet Counter To Rahul Gandhi's 'RBI List' Attack
In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.
-
Coronavirus Pandemic: PSA Groupe Secures Further 3 Billion Euros Of Loans
Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.
-
Indian Banks To Seek Relief On Bad Loans Amid Coronavirus Gloom: Report
The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India's lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday.
-
Industrialist Subhash Chandra Summoned In Yes Bank Money Laundering Case
Industrialist Subhash Chandra has been summoned in a money laundering case involving Yes Bank founder Rana Kapoor.
