Page 4 - Npa

Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow

NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago

RBI tightens disclosure norms on divergence in NPAs, provisions

Also makes them applicable to UCBs

MFI loans decline in June qtr; NPA situation improves, says report

The June quarter witnessed a marginal decline in the overall microlending outstanding on a sequential basis, but there was an improvement in the asset quality, a report said on Tuesday. There was a 0.2 per cent decline in the overall microfinance book to Rs 2.85 lakh crore during the three months to June when compared with the number as of March-end, the report by CRIF High Mark said. The micro loans were up 18 per cent when compared with the year-ago period, the report by the credit information company added. The April-June quarter last year, which saw the devastating second wave of the pandemic, had led to a massive impact on microlenders both from loan growth as well as delinquency perspective. The June quarter saw Rs 49,788 crore of loans being disbursed, which was 39.2 per cent lower than what was achieved by the industry in the preceding March quarter, but 88.9 per cent higher than the year-ago period, the report said. The value delinquency for loans overdue for over 90 days

Bandhan Bank stock weighed down by weak sentiment; worst may be priced in

The guidance is for overall 20 per cent growth in 2022-23

Yes Bank approves sale of Rs 48,000 cr stressed loans to JC Flowers ARC

Former RBI Deputy Governor R Gandhi appointed as Yes Bank's non-executive chairman

IDBI Bank re-appoints S Jebaraj as deputy MD for 3 years effective Sept 20

Jebaraj handles verticals for large and mid-sized corporates, trade finance and NPA management and he has been a member of internal committees for more than a decade, said IDBI Bank

Bank union opposes public sector banks' 'loan melas' on NPA pile-up fears

The Maharashtra State Bank Employees Federation (MSBEF) on Monday opposed 'loan melas' organised by state-owned banks, saying that credit granted without much diligence at such events lead to pile-up of non-performing assets. Such 'melas' add to the retail Non-Performing Assets (NPAs) for the lenders as the loans are granted without much diligence, MSBEF said in a statement. The statement comes on a day when Union minister of state for finance Bhagwat Karad is attending one such mela in Maharashtra's Aurangabad, where public sector lenders are targeting to distribute Rs 2,900 crore of loans. Stating that past experience suggests borrowers stop repayments for such loans, the MSBEF said, no political party helps in the loan recovery process. "The same political parties demand for waiver of those loans so as to appease voters" during elections, it said, adding that such events vitiate the recovery atmosphere. Public sector banks are put into crisis through NPAs, and the same is used

Lower bad loans push PSU banks' profitability in June quarter: Analysis

Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent.

Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise

Fall in non-interest income, rise in bad loan provisions drag down company's net

PNB raises asset quality guidance, aims to lower net NPA to 3.5% by March

Gross NPAs reduced to 11.27% in April-June quarter from 14.33% a year ago; eight accounts worth Rs 2,486 cr will be transferred to NARCL

Karur Vysya Bank Q1 net doubles to Rs 229 cr, interest income up 17%

Operating profit for up 15% YoY, major improvement seen in bad loans

YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23

JC Flowers has been named as the base bidder for bad loans worth Rs 48,000 crore of YES Bank

'Govt, RBI moves help banks recover Rs 8.6-trn bad loans in last 8 fiscals'

Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) is normal, although an undesirable, corollary to business of banking

Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

SBI to auction NPA a/c Pioneer Gas for recovery of over Rs 180-cr loan

SBI will auction the account of Maharashtra-based Pioneer Gas and Power next month to recover loan dues of over Rs 180 crore from the company.

PNB puts up for sale NPA account of Burnpur Cement to recover over Rs 50 cr

State-owned PNB has put up for sale the account of loss-making Burnpur Cement of West Bengal and has invited bids from Asset Reconstruction Companies (ARCs) to recover loan of over Rs 50 cr

Lenders tag Bajaj Hindusthan as NPA, debt recast plan under discussion

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

Ujjivan SFB gross NPAs down to sub-6%; advances up 38% to Rs 19,409 cr

Ujjivan Small Finance Bank said it brought down its gross bad loans proportion to sub-6 per cent as of April-June quarter, while its advances registered a growth of over 38 per cent to Rs 19,409 crore

SFBs' balance sheet growth raises quality concerns, says RBI report

Restructured standard advances remain higher than pre-pandemic levels, though below the peak of Sep 2021; their share was 3.5% of total advances as of March 2022

Economic recovery gradual, uneven amidst global headwinds: RBI report

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low