Non-performing Loans
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ED Raids 6 Sites In Hyderabad Over Rs 621 Crore Scam Linked To Highway Project
The Enforcement Directorate (ED) on Tuesday conducted searches across six locations in Hyderabad in connection with a Rs 621-crore bank-fraud case against the promoters and directors of a company and its associate firms.
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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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UK National Arrested In Delhi For Forging Document To Stay Legal Proceedings
A British national has been arrested for allegedly forging a document in the name of the finance ministry to stay proceedings against his company under a law to recover non-performing asset loans, police said on Tuesday.
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Innovative India Must Capture All Segments Of Financial Market To Fuel Growth: IMF
India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a pu
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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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"Fraud Unacceptable": Nitin Gadkari Clarifies On Vijay Mallya Comment
A day after kicking up a storm by pointing out the alleged unfairness of tagging fugitive businessman Vijay Mallya as a thief over a "one-time loan default", Union Minister Nitin Gadkari today chose to deflect criticism by accusing the media of taking his remarks out of context.
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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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After PM's "Phone-A-Loan" Remark, P Chidambaram's "What After 2014" Reply
Hitting back at Prime Minister Narendra Modi for his remarks on loans given during the UPA rule, former Finance Minister P Chidambaram on Sunday asked the NDA government to reveal the number of loans given by it which turned into non-performing assets or NPAs.
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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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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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After PNB And BOB, It's Oriental Bank Of Commerce At CBI's Door
The OBC has alleged that it was defrauded by Dwarka Das Seth International and its owner Sabhya Seth. The loans turned into non-performing assets (NPAs) way back in 2014, but the bank approached the agency on August 16 last year
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RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts
Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success.
-
ED Raids 6 Sites In Hyderabad Over Rs 621 Crore Scam Linked To Highway Project
The Enforcement Directorate (ED) on Tuesday conducted searches across six locations in Hyderabad in connection with a Rs 621-crore bank-fraud case against the promoters and directors of a company and its associate firms.
-
"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.
-
UK National Arrested In Delhi For Forging Document To Stay Legal Proceedings
A British national has been arrested for allegedly forging a document in the name of the finance ministry to stay proceedings against his company under a law to recover non-performing asset loans, police said on Tuesday.
-
Innovative India Must Capture All Segments Of Financial Market To Fuel Growth: IMF
India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a pu
-
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.
-
"Fraud Unacceptable": Nitin Gadkari Clarifies On Vijay Mallya Comment
A day after kicking up a storm by pointing out the alleged unfairness of tagging fugitive businessman Vijay Mallya as a thief over a "one-time loan default", Union Minister Nitin Gadkari today chose to deflect criticism by accusing the media of taking his remarks out of context.
-
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.
-
After PM's "Phone-A-Loan" Remark, P Chidambaram's "What After 2014" Reply
Hitting back at Prime Minister Narendra Modi for his remarks on loans given during the UPA rule, former Finance Minister P Chidambaram on Sunday asked the NDA government to reveal the number of loans given by it which turned into non-performing assets or NPAs.
-
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.
-
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.
-
After PNB And BOB, It's Oriental Bank Of Commerce At CBI's Door
The OBC has alleged that it was defrauded by Dwarka Das Seth International and its owner Sabhya Seth. The loans turned into non-performing assets (NPAs) way back in 2014, but the bank approached the agency on August 16 last year
-
RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts
Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success.
