NPA Issue

Outstanding principal of Rs 2,300 crore in focus

Consumer finance company will use investment to scale up loan book and 'expand credit offerings'

According to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit

Current bad loan classification period is 90 days

A healthy banking system will support growth

The long overdue facilitation via NARCL comes at a time when banks' appetite for credit needs to be supported, as the economy turns a corner

On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March.

Patel's book description says that sovereigns do not need to earn or save before spending money. They can either print or borrow.

More than 92 per cent of MFI loan disbursement in FY20 were in cashless mode, as compared to 85 per cent in FY19

Net NPAs of banking sector stood at 3.8 per cent as of March 2019

Blames lack of it for elevated levels of NPAs, capital shortfalls, fraud

Instead, the unions said, ensuring 'proper governance in the system' and 'removing political interference' will address the problem of NPAs

The bank said this is the first lot of non-performing asset accounts to be sold during the ongoing quarter of the current financial year.

CEO Jayakumar said the bonds were likely to be floated by August-end or the first week of September to raise tier II/tier I capital

Provides takeover code exemptions for acquirer of stressed companies

Public sector banks will be able to restructure MSME loans, says Kumar

Dragging cases in NCLT would mean higher provisioning in next quarter

Power sector players have approached the courts against the RBI, with a plea to give extra time for working on resolution package

The banking sector is grappling with rising non-performing assets, which touched Rs 8.99 trillion in December 2017

With the rupee near an all-time low, letting the rupee slump by printing more of it isn't a politically palatable option for Modi's team ahead of next year's election