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NPA MISMANAGEMENT
How Budget 2025 can strengthen India's banking sector by cutting non-performing assetsIndia's banking sector has shown improvement, with Gross NPAs falling to a 12-year low of 2.6%. The upcoming Budget 2025-26 aims to introdu...- Centre to take decisive steps to strengthen banking system, says Finance MinisterIn a post on X, Sitharaman said India's banking sector turned around due to Prime Minister Narendra Modi's strong and decisive leadership, ...
- Modi govt turned around banking sector, over Rs 10 lakh crore bad loans recovered in 10 years: Nirmala SitharamanFinance minister Nirmala Sitharaman highlighted the Modi government's success in the banking sector, recovering over Rs 10 lakh crore from ...
- BJP undecided over supporting NPP in Meghalaya's Garo tribal councilThe NPP has secured the support of the three independent MDCs (member of district council) and the GNC member and named the alliance Garo H...
- Dozen shell firms, 44 costly paintings and Rs 2000 crore investments of Rana Kapoor under ED scannerThe Kapoor's linked firm, DoIT Urban Ventures (India) Pvt Ltd, is alleged to have received the funds when Yes Bank had a exposure of more t...
- NBFC stocks slip as loan growth moves into negative zone“Moderation in vehicle loans in the face of a slowdown in the auto sector and increased caution appear to be the prime reasons,” said Ashis...
- Will the NPA black hole suck in the country's entire banking system?With barely nine months to go before the Lok Sabha election, how serious is the crisis in our banking system? Put simply, it is not going t...
- Arun Jaitley and Randeep Surjewala in war of words after former's attack on RahulSurjewala accused the Jaitely of "economic mismanagement" in the country after Jaitley claimed UPA's tenure was the "fragile five years" of...
- Canara Bank slips 4% as CBI charges ex-CMD in loan caseIt is alleged that the loan, which was sanctioned in December 2013, turned into NPA.
- New NPA rules: Power producers' body accuses RBI of overruling House panelIt also sought a special dispensation from RBI saying their defaults are caused mostly by non-payment/delayed payments by state discoms and...
- Power producers ask RBI to relax default clauseThe power producers have requested that the central bank relaxes the “default” clause from one-day delay in debt servicing and classify the...
- Insolvency law aims at saving promoters not banishing them: Arun JaitleyThe new regulations are viewed by some as giving upper hand to lenders who are reeling under Rs 8 lakh crore of non- performing assets (NPA...
- NPA bites: United Bank may be bracing for worse, but stock surges 7%The stock has been under pressure for the month of February, down 18 per cent, while for the year the stock has plunged a little over 25 pe...
- UBI chief Archana Bhargava quits over RBI probe; stock sinks 3%, recoversUBI, which slipped as much as 3.5% in trade on reports that Archana Bhargava has resigned as CMD of the bank following a probe by the RBI.
- United Bank of India plunges over 3% as CMD Archana Bhargav quitsArchana Bhargava resigned as CMD of the bank following a probe by Reserve Bank of India (RBI) into possible mismanagement of NPAs.
- RBI pushes banks to recover bad loansBanks’ asset quality deteriorated sharply last year with gross NPA ratio rising by 40 basis points to 3.6%.
- Bad loans: RBI governor Raghuram Rajan says aim is to make assets productiveRBI Deputy Governor K C Chakrabarty said that banks are free to bring about structural changes in companies where promoters have defaulted.
- Banks cheer plan to oust defaulting promoters“Banks will start looking at change of management as a strategy to keep the account in good shape,” PNB chairman and managing director KR K...
- RBI announces new guidelines for rehabilitation of sick MSEsRevising definition of sickness in micro and small enterprises (MSEs), the Reserve Bank today asked banks for timely and adequate assistanc...
- Lenders' liability law in offing to balance harsh NPA lawsAfter promulgating the Securitisation Ordinance, the government is now drawing up a lenders' liability law to ensure that the NPA laws are ...
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