Page 5 - Npa

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

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

First set of NPAs likely to be transferred to bad bank next month: FinMin

NARCL is a special purpose asset reconstruction company for taking over the large value NPA accounts (above Rs 500 crore) from banks.

State Bank of India looks to offload retail, SME NPAs via portfolio sale

The realisation expected for non-NARCL sales is 35-40 per cent, a senior SBI executive said.

NPA: A monster created by RBI's forbearance?

In August 2008, the RBI allowed banks to restructure bad debt. It was a one-time measure put in place till June 30, 2009, but the forbearance ended almost a decade later

CreditAccess Grameen Q4 net profit jumps over two-fold at Rs 160 crore

Its profit after tax stood at Rs 56.3 crore in the same quarter of the preceding fiscal year

Par panel cautions govt against early euphoria over NPA reduction

Cautioning the govt against any early euphoria with regards to reduction in NPA in banking sector, a Parliamentary panel on Tuesday said that bad loans may go up due to some lag Covid pandemic impact

SBI lines up 12 NPA accounts for sale to recover dues of over Rs 820 cr

Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications. In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions (FIs), on the terms and conditions indicated there against. In various notices on its website, State Bank of India (SBI) has put up a total of 12 bad assets for sale during this month to April 13. NPA account Topworth Urja & Metals Ltd, with a loan outstanding of Rs 396.74 crore is to be sold in an e-auction to be held on March 29, 2022. With reserve price fixed at Rs 85 crore, SBI said the NPA account will be sold on a cash/cash-cum-SR ratio of 50:50. "Bid with highest cash component shall be considered as successful bid," it said in a notice. Another account, Balasore

LIC net surges to Rs 234 cr in Q3FY22 due to change in surplus distribution

In the same period last financial year, LIC's net profit totaled Rs 0.91 crore

Top headlines: Big tech in data localisation row, banks told to up UPI cap

States start easing Covid-19 curbs as cases decline. More on that in our top headlines.

RBI move to defer revised NPA norms eases provision burden in Q4

RBI's decision to defer the implementation of revised NPA norms by six months for finance companies will save them from the burden of making additional provisions

NBFCs get extra 6-months to keep system ready to implement NPA norms

In November 2021, RBI had given time till March 31, 2022 to implement the rule

Union Bank Q3 net up 49.3%; provisions & contingencies fall sharply

NII rises 8.9% to Rs 7,174 cr; gross NPAs declin to 11.62% in December 2021 from 13.49% a year ago

SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect

Aiming to recover Rs 5,000 cr, bring net NPAs under 4.5% by March: PNB MD

The lender is also looking to further monetise its 15% stake in UTI AMC as part of its non-core asset sale plan to shore up its capital base.

Top Headlines: 13 Indian firms to make Covid pill; bank NPAs at 6-year low

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