Bad Loans
India’s banking sector is bracing for a significant challenge, with a leading global credit rating agency predicting a 25 per cent increase in non-performing assets (NPAs) over the next two fiscal years.
India’s banking sector is bracing for a significant challenge, with a leading global credit rating agency predicting a 25 per cent increase in non-performing assets (NPAs) over the next two fiscal years.
Answering supplementary questions, she said those enthusiastic about knowing the state of the banks’ NPAs, should know the heart of the problem was the ‘phone-banking’ carried on for 10 years in the UPA rule
In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.
Thakur said the government borrowings from market in FY 2020-21 jumped 57 per cent first quarter
Ironically, the inefficient loan recovery system gave promoters tremendous advantage over lenders. Not only could they play one lender off against another by threatening to divert payments to the favoured bank, they could also refuse to pay unless the lender agreed to extend further credit
Reflecting the continued pressure on state-run banks, State Bank of India (SBI) on Tuesday posted a loss of Rs 7,718…
Enthused by successful conclusion of Bhushan Steel case, the Finance Ministry expects banks to write back more than Rs 1…
Nilesh Shah, managing director of Kotak Mahindra Asset Management Company, is one of the few asset managers who believes that…
State-run lender Punjab National Bank is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism…
Less than half of the staggering Rs 9 lakh crore worth of non-performing assets (NPAs), or bad loans, accumulated by…
