Rajasthan: Discoms trip on payment to solar firms raises NPA fears
The discoms have not paid the dues for the past one year running into an estimated Rs 250-300 crore. The non-payment has also led to developers stalling ongoing projects, resulting in job losses in the sector.
ARCs will now have to take the auction route to acquire NPAs
Total NPAs in the banking system are pegged at Rs 9.3 lakh crore.
Are millennials spawning next wave of NPA piles for banks?
The number of millennials, opting for a new loan grew 58% as against a 14% growth ...
Lenders yet to classify DHFL as NPA
The resolution for a red-flagged account is recovery or a new owner coming in.
RBI deputy governor red-flags rising stress in Mudra loans
The Mudra loan scheme was launched to help the highly under-funded SMEs in 2015.
Gross NPAs of SCBs decline by 98K cr by June: Govt
Gross NPAs of SCBs, which stood at Rs 10,36,187 crore on March 31, 2018, declined by Rs 97, 996 crore to Rs 9,38,191 crore as on June 30, 2019, Anurag Thakur said during question hour in Lok Sabha. The gross NPAs stood at Rs 3,23,464 crore as on March 31, 2015 and increased to over Rs 10.36 lakh crore figure by the end of 2017-18 fiscal on March 31.
Syndicate Bank hopes to reduce net NPA to below 5%
The net NPA of the bank is currently at 5.95 per cent while the gross NPA is at 11.45 per cent.
Voda may become largest NPA for lenders on lack of securities
Banks have an exposure of close to Rs 1,00,000 crore in fund and nonfund based agreements.
Central Bank of India reports higher Rs 6,430 cr loss for FY19 on NPA divergence
The net NPA divergence -- the difference between the NPAs reported by the bank and that assessed by the RBI -- was at Rs 2,565 crore for 2018-19.
YES Bank’s FY19 profit shrinks on Rs 2,299 crore NPA divergence
Adjusted profit for FY19 after taking into account divergence in provisioning was Rs 1,084 cr.
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.
RBI mulling new rules on corporate governance; wants banks to disclose more
"When things are delayed, it only continues to fester in the system, " Deputy Governor N S Vishwanathan said.
Economic slowdown unprecedented, NDA has become 'NPA': Sharad Pawar
NCP president Sharad Pawar said the NDA government should take a lesson from former Prime Minister and Congress veteran Manmohan Singh on how to put the economy back on track. Terming the slowdown as "unprecedented", Pawar said it is for the first time in independent India that a stable government has created an "atmosphere of uncertainties."
Three banks report NPA divergence a day after Sebi directive
Indian Bank has reported a divergence of Rs 820 crore in its net non-performing assets (NPAs) for 2018-19.
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