Pratip Chaudhary was held on the basis of arrest orders issued by the Chief Judicial Magistrate Court in the case of selling Godawan Group hotel property at a cheap price after declaring it NPA.
The bank has set the reserve prices for these NPA accounts for sale at Rs 27.50 crore, Rs 15 crore and Rs 8 crore, respectively.
On the assets front, bank's gross non-performing assets fell to 16.49 per cent of gross advances at end of June 2019, as against 18.26 per cent of gross advances at end of June 2018.
The RBI came out with a revised prudential framework for resolution of stressed assets after its February 2018 circular in this regard was struck down by the Supreme Court.
As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31, putting pressure on its balance sheet
The RBI has reportedly told banks to set aside at least 50 pc of the loan amount as likely losses for all cases referred to the insolvency process
Finance Minister Arun Jaitley on Monday said that the states which are keen on farm loan waiver “must generate funds from their own resources”
Bangalore: In a setback for long defunct Kingfisher Airlines Director Vijay Mallya, the Debt Recovery Tribunal has restrained him from withdrawing an amount of approximately Rs 515 crore ($75 million) received from Diageo as a
New Delhi: The government is contemplating a host of measures to push stalled projects and deal with the problem of rising non-performing assets (NPAs) of banking sector, Minister of State for Finance Jayant Sinha has
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