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Non Performing Assets News
Non Performing Assets
Govt has restored economic credibility of India, Arun Jaitley says
Thu, Jun 01, 2017
Finance Minister Arun Jaitley on Thursday said that the government has restored the economic credibility of India. Jaitley said that demonetisation created a new normal in economic system and that some slowdown was already seen in Indian economy before demonetisation.
FM Jaitley to take stock of NPAs at review meet on June 12
Fri, May 26, 2017
Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark, the bulk of which are in sectors such as power, steel, road infrastructure and textiles.
Framework under NPA ordinance by RBI may be out within 15 days
Mon, May 22, 2017
The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.
Giving more power RBI an important step; implementation face challenges: Fitch
Fri, May 12, 2017
“The increased powers given to the Reserve Bank of India (RBI) to clean up asset quality, and to intervene in banks at an earlier stage when risks build, represents an important positive step toward ensuring a healthy banking system in the future,” Fitch said.
NPAs: This is how other countries deal with their bad loans
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
President Mukherjee likely to promulgate banking ordinance today
Fri, May 05, 2017
The Cabinet's decision got a thumbs-up from the market as Bank Nifty rallied 1.85 per cent to close at 22,720.10.
60-year low credit growth is a warning bell for banks
Tue, Apr 18, 2017
The outlook on the asset quality of the banking sector seems to be weak even as the fresh non-performing asset (NPA) generation rate continues to show signs of moderation.
Top 20 bad loans account for Rs 1.5 lakh crore, reveals FM Arun Jaitley
Fri, Nov 18, 2016
The sector with the lowest NPAs was Paper and Paper Products with Rs 4,982 crore till June.
Steel sector accounts for biggest chunk of NPAs: FM Arun Jaitley
Thu, May 05, 2016
The top 50 defaulters of public sector banks had exposure in excess of Rs 1.21 lakh crore as on December 2015.