Page 7 - Npa

Banks' NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 trillion in June this year, Parliament was informed on Monday

RBI pulls up banks over delay in automating NPA recognition process

Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns

SC extends relief on NPAs after govt tells interest issue being looked into

SC extended its order that no account be declared NPA after the Centre said an expert panel is looking into the issue of interest charged by banks on instalments deferred during moratorium period

Kamath committee: Analysts applaud criteria, but fear not all may benefit

Analysts remain skeptical of the timeline to implement the restructuring guidelines and the number of companies that may meet the eligibility criteria

SC protects accounts from being declared NPA till further orders

In a relief to stressed borrowers who are facing hardship due to the pandemic, the SC said that accounts which were not declared as NPAs till August 31, shall not be declared NPA till further orders

SC protects loans not declared NPAs till Aug 31 from such action for now

The Supreme Court Bench said if a loan account had not been declared bad as of the end of August, it should not be classified as NPA till the moratorium case was disposed of

Subordinate debt: A way for govt to hand out cash to needy MSMEs

The scheme provides liquidity to stressed MSMEs without really burdening them with heavy debt obligations and the banks are guaranteed the loan amount so they don't have to worry about repayment

Over 1,700 big wilful defaulters together owe Rs 37,020 crore to PNB

Leading the chart is Mehul Choksi-promoted Gitanjali Gems Ltd with an outstanding loan of Rs 5,064.84 crore

PNB calls for change in loan recast scheme, cites 'tough times'

Call for closer look at borrowers who delay repayment up to eleventh hour just to avoid NPA tag

Federal Bank's Q1 PBT declines 8.9% to Rs 537.76 cr on rise in provisions

Its net profit for the quarter under review rose to Rs 400.77 crore compared to a net profit of Rs 384.21 crore in Q1FY20

NPAs in shadow banking sector may touch 5-7% by March 2021, says Icra

NBFCs likely to face heightened pressure with NPAs touching 7-9.5%; HFCs will be better off with NPAs expected to touch 3.4-4.8%

Centre raises MSP of 17 kharif crops; further revises MSME definition

Medium units' turnover limit hiked to Rs 250 crore

Covid-19 hits M&M Finance; pre-tax profit plunges by 67% in Q4FY20

The vehicle finance major, provided Rs 562.6 crore towards Covid-19 related shocks

Equitas SFB posts 8.4% rise in FY20 pre-tax profit, income up 22%

Bank has made a provision of Rs 99.63 cr for the period ended March 31, 2020, based on assessment of recoverability of advances

Reserve Bank tries to reduce NPA burden for lenders in coronavirus crisis

From being classified as NPAs after 90 days of overdue, the central bank raised the period to 180 days

Covid-19 impact: Banks want NPA forbearance for next two quarters or more

An account becomes NPA if default is beyond 90 days. With the present crisis, a huge number of accounts will fall in this category in the next two quarters

HDFC Bank: Steepest single-day fall, gains wiped off; caution warranted

On Wednesday, the private lender's stock saw its steepest single-day fall of 9.9 per cent in nearly 12 years; it is down 33 per cent since all-time high

Letter to BS: Bankers are reluctant to lend over NPA, profitability concern

The reluctance of bankers to be over-enthusiastic in granting loans should be seen through the prism of the changed banking scenario

SBI Cards aims to keep non-performing assets at 2.4-2.5%: CEO Prasad

Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018

LIC's gross NPA ratio in debt portfolio rises to 7.5% in December

The gross NPA ratio of LIC in the debt portfolio at the end of September 2019 stood at 6.10%