Page 5 - Npa

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

Business Standard brings you the top headlines at this hour.

Ahead of IPO, LIC lowers net NPA to 0.05%, improves asset quality

Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021. The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual Report of Life Insurance Corporation of India (LIC). The sub-standard assets are Rs 254.37 crore whereas the doubtful assets are Rs 20,369.17 crore and loss assets are Rs 14,506.35 crore. An amount of Rs 34,934.97 crore is provided as per IRDAI guidelines in the books of accounts towards non-performing assets, it said. The percentage of gross NPA is 7.78 per cent while the net NPA is 0.05 per cent at the end of March 2021. This is lower than gross NPA of 8.17 per cent (as a percentage of its debt portfolio) and net NPA of 0.79 per cent in the previous year. In absolute terms, the NPA was Rs 36,694.20 crore out of a total debt of Rs 4,49,364.87 crore in 2019-20. Stress threshold

SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody

Case related to bad loan, sale of NPA at low value

Ex-SBI chairman held for selling property at low price by declaring it NPA

Pratip Chaudhary was arrested on Sunday and will be brought to Jaisalmer on Monday.

ICRA flags asset quality pressure risk for IDBI Bank due to pandemic

The agency upgraded the rating for the Mumbai-based private lender's bonds, debentures and tier-II capital instruments from "A" to "A+"

Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay

The Street will likely monitor the NPA ratios that surged in the June quarter