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Should you purchase a foreclosed property?The bank that forecloses a property sets a 'reserve price' while auctioning it. This is based on the price at which the property was bought.- Raghuram Rajan pitches for differentiated bank licences, on-tap approvalsReserve Bank of India governor Raghuram Rajan again asks lenders to step up vigil for early detection & mitigation of bad loans plaguing ba...
- Stress loans of listed banks rose 50% in calendar year 2013: StudyThe data shows that net NPA rose most for ING Vysya by 359% followed by Bank of Maharashtra by 352%. United Bank stood third.
- Bank's non performing assets surged 50% in 2013: ReportNPAs of listed banks rose 35.2 per cent to Rs 2.43 trillion during the first three quarters of the current financial year, according to an ...
- Estimated Rs 7,700 crore worth realty NPAs up for sale: ReportIndicating worsening stress on realty sector, an estimated Rs 7,700 cr worth of commercial & residential properties loans are up for sale, ...
- Construction to be top contributor to banks' bad loans: RBIRBI said on Monday that sectors such as iron & steel and construction are expected to be the top contributors to banks' stressed assets.
- RBI hauls up banks for not following its policy actionsRBI has questioned large banks on their failure to follow its policy initiatives after it raised the repo rate twice over the past two mont...
- P Chidambaram backs bankers over bad loansP Chidambaram strongly backed bankers who find themselves under a cloud as loans increasingly turn bad amid a slowing of the economy.
- Government would defend banks if lending decisions go wrong: Finance minister P ChidambaramEarlier this year an official from CBI had said that lenders should be questioned for the rise in stress loans which had unnerved several b...
- Listed banks saw 38% rise in bad loans for 6-months ending September 2013Data compiled by npasource.com shows that prior to provisions bad loan or gross NPA as on September 2013 stood at Rs 2,29,007 crore.
- NPAsource.com aims Rs 600 crore e-auction of bank NPAs in FY14NPAsource.com, the online portal for e-auction of NPAs of financial institutions, is aiming to undertake about Rs 600 worth of e-auctions i...
- Net NPA rises 51% for 39 listed banks in FY 2012-13 over previous yearSlowdown in the economy and higher cost of funds has resulted in listed commercial banks showing a 51% rise in bad loans in the fiscal year...
- Financial services secretary Rajiv Takru seeks details of top 50 NPAs from state-run banksThe finance ministry now wants banks to step up their recovery process and ensure that the restructured accounts are back on track.
- Bad loans of banks rise 50% in first 9 months: StudyBad loans or net non-performing assets (NPAs) of listed banks rose by 50 per cent in the first nine months of the current financial year en...
- Over a dozen banks posted 100 per cent plus jump in net NPAs: SurveySBI too saw its net NPAs shoot up by 40% in during the first half of 2012-13 as against an increase of 28% in the previous financial year.
- NPAsource.com hoping to sign up private banks soonNPAsource.com, a portal for info about bad assets, is hopeful of tie-ups with private sector lenders very soon.
- How Devendra Jain made a fortune from reviving sick firmsDevendra Jain made Rs 1 crore last year, helping bankrupt companies to get back on their feet.
- Tamil Nadu, Uttar Pradesh, Gujarat have large no of substandard properties: StudyTamil Nadu, Uttar Pradesh, Gujarat and Andhra Pradesh have the highest number of substandard properties, according to a study.
- NPAsource.com to help dispose NPA's worth Rs 20,000 cr: Devendra JainProviding an online platform for resolution of NPAs- NPAsource.com - today said it aims at disposal of Rs 20,000 crore worth NPAs over the ...
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