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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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Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
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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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Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
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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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Probe Body Records 490 Fraud Cases Related To NPAs Of Over Rs 20 Crore
The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
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Congress Slams Centre Over Rise In Non Performing Assets
The Congress on Tuesday alleged that NPAs have risen by 365 percent under the Modi government and questioned why "unbridled powers" were being given to PSU banks to "sell off assets at throwaway prices".
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Opinion: Cooperative Banks - Safe As Houses Or Dodgy As Casinos?
What happens in India to a depositor when a Cooperative Bank's numbers go deep into negative territory either because it has very large NPAs, or there is skulduggery, or acts of sheer incompetence- or a combination of all three?
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PM Modi, Speaking About Bank NPA's, Says "We Will Find Solutions Only When..."
Exhorting auditors to adopt strong and scientific auditing practices, Prime Minister Narendra Modi said that audit is an important tool for value addition which helps in recognising problems and finding solutions.
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Pleas In Supreme Court Seek Contempt Action against RBI Governor, others
The petitions seek contempt proceedings against RBI Governor Shaktikanta Das and others for allegedly flouting the courts order by turning and declaring the account of the petitioners as NPAs in connection with the moratorium matter.
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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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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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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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Note-Ban Impact Transient: RBI Chief Urjit Patel To Parliament Panel
RBI Governor Urjit Patel on Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.
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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.
-
Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
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.
-
Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
-
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.
-
Probe Body Records 490 Fraud Cases Related To NPAs Of Over Rs 20 Crore
The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
-
Congress Slams Centre Over Rise In Non Performing Assets
The Congress on Tuesday alleged that NPAs have risen by 365 percent under the Modi government and questioned why "unbridled powers" were being given to PSU banks to "sell off assets at throwaway prices".
-
Opinion: Cooperative Banks - Safe As Houses Or Dodgy As Casinos?
What happens in India to a depositor when a Cooperative Bank's numbers go deep into negative territory either because it has very large NPAs, or there is skulduggery, or acts of sheer incompetence- or a combination of all three?
-
PM Modi, Speaking About Bank NPA's, Says "We Will Find Solutions Only When..."
Exhorting auditors to adopt strong and scientific auditing practices, Prime Minister Narendra Modi said that audit is an important tool for value addition which helps in recognising problems and finding solutions.
-
Pleas In Supreme Court Seek Contempt Action against RBI Governor, others
The petitions seek contempt proceedings against RBI Governor Shaktikanta Das and others for allegedly flouting the courts order by turning and declaring the account of the petitioners as NPAs in connection with the moratorium matter.
-
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.
-
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.
-
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.
-
Note-Ban Impact Transient: RBI Chief Urjit Patel To Parliament Panel
RBI Governor Urjit Patel on Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.
