NPAs

Prime Minister Narendra Modi.Prime Minister Narendra Modi says public sector banks which were earlier known for losses and non-performing assets are now being discussed for their record profitsPrime Minister Narendra Modi on Saturday said…

NEW DELHI: Prime Minister Narendra Modi on Saturday hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the…

State-run banks' gross non-performing assets (GNPAs) from the credit card segment have doubled to 18 per cent at the end of FY23, the Reserve Bank of India said on Wednesday. It was about 9 per cent in the year-ago period and the…

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MUMBAI: Lenders continue to repose their faith in asset reconstruction companies (ARCs) by selling them a large chunk of their bad loansdespite the introduction of the Insolvency & Bankruptcy Code (IBC) nearly seven years ago.…

Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies.RBI has decided to widen the scope of the framework for resolution of stressed assetsReserve Bank…

Reserve Bank of India Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers.RBI has decided to widen the scope of the…

MUMBAI: Central Bank of India has reported an 84.19 per cent jump in net profit at Rs 571 crore for the quarter ended March 2023 as bad loansfell. The Public sector bank's net profit was Rs 310 crore in January-March 2021-22."Operating…

Last Updated: March 23, 2023, 18:38 ISTDemand for MSME loans, which is measured in terms of the number of commercial credit inquiries, accelerated to about 1.7 times the demand of two years ago during the pandemic, Cibil said. The overall…

The steady improvement in corporate asset quality is clearly manifested in key indicators such as the credit quality of bank exposures.The biggest improvement would be in the corporate segment, where gross NPAs are seen falling below two…