Government giving top priority to addressing bad loans issue, says Arun Jaitley
April 25, 2017 14:56 ISTHe said that the magnitude of the NPAs problem was that essentially it was about 20 to 30 big accounts.
He said that the magnitude of the NPAs problem was that essentially it was about 20 to 30 big accounts.
The revised PCA framework is applicable to all banks, including small and foreign banks.
The Supreme Court today once again rued Centre over rising bad loans and asked the government to give the list of corporate entities against whom outstanding loans were in excess of Rs 500 crore.
The Supreme Court today sought more clarity from the Centre on the issue of tackling bad loans and asked if the present infrastructure is well-equipped for recovery of debts.
The third biggest private moneylender in the country Axis Bank witnessed an unanticipated drop of 83.4 percent in its profit after tax (PAT) for the September quarter on a sharp ascent in bad loans. The
Mumbai: Gross non-performing assets (GNPAs), or bad loans, of commercial banks may rise to 8.5 per cent of total assets by March 2017, from 7.6 percent in March 2016, the Reserve Bank of India (RBI)
New Delhi: After the quarterly performance review meeting with the heads of public sector banks on Monday, Finance Minister Arun Jaitley hinted on measures to further empower state-run banks to help them affectively tackle the
State Bank of India has reported a 66.35 per cent year-on-year drop in net profit to Rs 1,260 crore for the quarter ending March 31, 2016, down from Rs 3,742 crore recorded in the corresponding quarter in the previous year.
Creating history of sorts, state-run Punjab National Bank has posted a loss of Rs 5,367 crore for the quarter ending March 2016, making it the biggest ever quarterly posted by an Indian bank in the industry.
New Delhi: Finance Minister Arun Jaitley had some reassuring words on NPAs on Monday when he said bad loans have reached the peak and expressed confidence that situation will get better with improvement in six
New Delhi:Asserting that taxi hailing apps such as Ola and Uber must comply with its norms, the RBI said on Saturday it is not a “paper tiger” and will enforce all regulations irrespective of whether
Facing a string of accusations ranging from money laundering to loan fraud, beleaguered industrialist Vijay Mallya today tendered his resignation as a member of the Rajya Sabha.
In an interview to UK’s leading business daily Financial Times, Mallya, who appeared unfazed by the developments around him back home, further said that he has no plans to leave the UK, where he says he is in “forced exile”.
The government today reaffirmed its commitment to bring back beleaguered industrialist Vijay Mallya to face the law of the land. Ind an indication that the government was looking to toughen its stand on Mallya, the government said it was undertaking
The Ministry of External Affairs has suspended the passport of beleaguered industrialist Vijay Mallya. The move follows Mallya’s no-show for the third time to summons issued by the Enforcement Directorate in connection with the Rs 900 crore loan that
New Delhi: Beleaguered industrialist Vijay Mallya who is faced with the threat of having his passport revoked, may make a revised settlement offer of Rs. 6000 crore to the banks against the due he owes
at least 1,219 Directors who serve on boards of listed companies also serve in the same capacity at companies which have been declared as wilful defaulters
Two internal notes by the IDBI Bank, which lent Rs 900 crore to beleaguered liquor baron Vijay Mallya in March 2009, indicate a marked difference in the bank’s stance on the grant of loan.
The government has now directed all government-owned banks to immediately invoke personal guarantees of promoter directors and reco
the BJP has said that the industrialist was a "Congress' baby" and that the previous UPA dispensation helped him by forcing a bank to provide a loan of Rs 3,100 crore despite his company's poor finances
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