Npa | The Asian Age

Thursday, Apr 18, 2024 | Last Update : 07:17 PM IST

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The bank is looking to sell all the accounts on a 100 per cent cash basis to banks, ARCs, NBFCs and other financial institutions, according to the auction notice on the SBI's website on Tuesday.

SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on March 26.

12 Mar 2019 5:09 PM

'We will discuss this and we hope to resolve it quickly', said Union Minister Piyush Goyal. (Photo: ANI)

Law can't be 'blind', shouldn't treat every default as NPA: Goyal to RBI

Sections of the industry have moved Supreme Court for special treatment to power sector when it comes to classification of NPAs.

04 Mar 2019 12:39 PM

Over Rs 2 lakh crorebad loans settled, says govt offical

Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and Bankruptcy Laws'.

01 Mar 2019 4:14 PM

IBC brought back Rs 3 lakh crore into banking system: Jaitley

On the issue of non-performing assets (NPAs), he said the curve is going down.

01 Mar 2019 11:42 AM

PNB with a score of 78.4 out of 100 has been ranked first in the EASE. (Photo: File)

Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.

28 Feb 2019 5:32 PM

The fund will be operational for eight years and will be in the investment mode for next four years. (Photo: File)

Kotak ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM

Finance Minister Arun Jaitley. (Photo: ANI)

Govt keen on merger of PSBs to create globally competitive, healthy large banks: Jaitley

Reserve Bank insisted that banks should provision for all stressed assets so that only sound banks survive.

28 Feb 2019 3:53 PM

Fund infusion into PSBs not sufficient to support lending growth: Fitch

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM

The regulator has sought feedback till March 31.

RBI proposes variable pay for bank CEOs

As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of ‘Material Risk Takers.

26 Feb 2019 3:49 PM

NCLAT said that no bank or financial institution can declare the accounts of debt-ridden IL&FS and group companies as NPAs.

Lot of headway being made in IL&FS matter, says corp affairs secy

The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months.

26 Feb 2019 12:33 PM

According to the report released by think-tank Skoch Group on Monday, there is a big buoyancy in informal sector jobs under the Modi government. (Photo: File)

India lacks good economic, jobs data due to informal economy: Debroy

It is difficult to draw an inference as to what is happening on labour and employment: Debroy.

25 Feb 2019 6:22 PM

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds.

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.

25 Feb 2019 3:30 PM

The appellate tribunal also lifted the moratorium and allowed 133 IL&FS firms incorporated outside India to continue with the resolution process.

Accounts of IL&FS, group cos cannot be declared NPA without NCLAT nod

The tribunal's direction came during the hearing over the govt's plan for the resolution of IL&FS group companies.

25 Feb 2019 12:49 PM

Niti Aayog Vice Chairman Rajiv Kumar. (Photo: PTI)

Banking sector on way to recovery: Niti Aayog

The banking sector remains fragmented which makes the cost of capital quite high, says Niti Aayog Vice Chairman.

22 Feb 2019 2:57 PM

The recovery is expected to touch Rs 1.80 lakh crore by March 2019 with some of the resolutions at the final stage, Financial Services Secretary Rajiv Kumar said. (Photo: ANI | Twiiter)

Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19

So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).

21 Feb 2019 10:01 AM

The report stated, Vijaya Bank had seen a sharp rise in write offs i.e 243 times y-o-y to Rs 487 crore in Q3FY19, followed by IDBI, which experienced a 4,783 per cent y-o-y increase in write offs to Rs 562 crore in Q3FY19. (Photo: File)

SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans

The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.

20 Feb 2019 4:20 PM

The capital infusion comes at a time when NPAs are declining and recoveries are improving.

Liquidity constraints continue in the market despite bank recoveries: FICCI-IBA

At the same time, over 90 per cent of respondents said infrastructure continues to remain a key sector with high NPAs.

18 Feb 2019 11:48 AM

The eighth round of the survey for the period July to December 2018 witnessed participation of 23 banks. (Photo: File)

Banks expect liquidity to remain tight in Q4: Survey

The liquidity scenario remained in deficit in the third quarter of 2018-19, the survey said.

18 Feb 2019 10:28 AM

The RAR also identifies several other lapses and regulatory breaches in various areas of the bank's functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public, the central bank said. (Photo: File)

RBI threatens action against Yes Bank for disclosing nil divergence report

Yes Bank had said the RBI has not found any divergence in the asset classification, provisioning done by the lender during 2017-18.

16 Feb 2019 2:10 PM

Shares of the company were the biggest gainer on both the indices during the morning trade.

Yes Bank shares zoom 30 per cent; m-cap rises by Rs 8,590 crore

The shares after opening the day on a positive note further skyrocketed 28.95 per cent to Rs 218 on BSE.

14 Feb 2019 11:49 AM

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Syed Ata Hasnain