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  • CBI charge sheet against ex-Yes Bank managing director Rana Kapoor, wife in Rs 1,700-crore loan scam Oct 08, 2021 09:10 PM IST

    CBI charge sheet against ex-Yes Bank managing director Rana Kapoor, wife in Rs 1,700-crore loan scam

    In the charge sheet filed before a special CBI court in Mumbai, the central probe agency has alleged that Kapoor abused his official position and acquired a 1.2-acre uber-luxe bungalow at 40 Amrita Shergill Marg at a very less price than the actual market value.

  • IL&FS Fin Services plans to sell 62 NPAs accounts worth Rs 4,297 crore via Swiss Challenge method Sep 27, 2021 06:29 PM IST

    IL&FS Fin Services plans to sell 62 NPAs accounts worth Rs 4,297 crore via Swiss Challenge method

    Under the Swiss Challenge method, the highest bid in the first round of bidding becomes the base price for bidders, including for the highest bidder, to place counter-bids in the second round of bidding.

  • Cabinet approves issue of govt guarantees up to Rs 30,600 crore for security receipts to be issued by NARCL: FM Sitharaman Sep 16, 2021 05:12 PM IST

    Cabinet approves issue of govt guarantees up to Rs 30,600 crore for security receipts to be issued by NARCL: FM Sitharaman

    The finance minister said the government is setting up an India Debt Resolution Company Ltd to manage the NPAs, where PSBs and state-owned financial institutions will own 49% stake.

  • What is PCA framework of RBI for banks? Sep 09, 2021 06:29 PM IST

    What is PCA framework of RBI for banks?

  • Ideas For Profit | IndusInd Bank Jul 28, 2021 07:54 PM IST

    Ideas For Profit | IndusInd Bank

    IndusInd has so far has negotiated the second wave of the Covid pandemic impressively. Armed with capital, excess provision and a high quality balance sheet, growth revival will only be a matter of time. With an undemanding valuation, we see more re-rating ahead. Here’s why

  • Banks NPAs decline to Rs 8.34 lakh crore at March-end 2021: Minister Jul 26, 2021 03:28 PM IST

    Banks NPAs decline to Rs 8.34 lakh crore at March-end 2021: Minister

    Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020.

  • Recovery of bad loans impacted due to COVID-19 pandemic: MoS Finance Bhagwat Karad Jul 19, 2021 08:26 PM IST

    Recovery of bad loans impacted due to COVID-19 pandemic: MoS Finance Bhagwat Karad

    Comprehensive steps have been taken by the government for speedy recovery of NPAs, including those of public sector banks (PSBs), Karad said in a written reply to the Lok Sabha.

  • IBA CEO Sunil Mehta may be non-executive chairman of bad bank, board to be expanded after RBI issues licence Jul 13, 2021 03:49 PM IST

    IBA CEO Sunil Mehta may be non-executive chairman of bad bank, board to be expanded after RBI issues licence

    The National Asset Reconstruction Company will have nominee directors from other banks once it receives the necessary clearances from the central bank.

  • Ahead of IPO, LIC on track to reduce NPA ratio, improve persistency Jul 13, 2021 10:44 AM IST

    Ahead of IPO, LIC on track to reduce NPA ratio, improve persistency

    A three-pronged strategy is being adopted by LIC, the country's largest insurer. It includes improving persistency, reducing its NPA ratio in the debt portfolio as well as planned exits of non-core assets like the IDBI Bank.

  • Nulane Investment: Interpol issues red notice against Gupta brothers in South Africa fraud case Jul 05, 2021 04:44 PM IST

    Nulane Investment: Interpol issues red notice against Gupta brothers in South Africa fraud case

    The case relates to procurement fraud involving 24.9 million rand, paid between November 2011 and April 2012 by the Free State Department of Agriculture to Nulane Investment.

  • MSMEs hail government's initiative of putting in place ratings system Jun 30, 2021 03:48 PM IST

    MSMEs hail government's initiative of putting in place ratings system

    The move would provide credibility to small industries and facilitate loans for them from banks and abroad, making them attractive in the export market, say associations and sector experts.

  • 90% of first ECLGS amount disbursed so far: Report Jun 29, 2021 06:46 PM IST

    90% of first ECLGS amount disbursed so far: Report

    On Monday, the government expanded the emergency credit line guarantee scheme (ECLGS) by another Rs 1.5 lakh crore, which Crisil feels will help alleviate the potential stress on asset quality of banks arising from the second wave of the pandemic.

  • RBI has taken steps to smoothen impact of second COVID wave, says Deputy Governor M K Jain Jun 18, 2021 10:07 PM IST

    RBI has taken steps to smoothen impact of second COVID wave, says Deputy Governor M K Jain

    Talking about the link between financial system and climate resilience, Jain said while insurance companies directly face the climate risk, banks are also required to take into account such risks more seriously.

  • NPA woes: Banks write off Rs 1.53 lakh crore in FY21, 6% up from previous year Jun 09, 2021 05:54 PM IST

    NPA woes: Banks write off Rs 1.53 lakh crore in FY21, 6% up from previous year

    Twenty banks which have disclosed data on write-offs have seen the aggregate number rise from Rs 1.45 lakh crore

  • Bank of Baroda to sell 46 NPA accounts to recover Rs 597 crore Jun 08, 2021 07:52 PM IST

    Bank of Baroda to sell 46 NPA accounts to recover Rs 597 crore

    The last date for submission of expression of interest is June 19, the bank said, adding the completion of due diligence will take place on the same day.

  • Exclusive interview | Arcil MD & CEO Pallav Mohapatra says stress seen in retail, MSME segments; ARCs must prepare Jun 08, 2021 01:22 PM IST

    Exclusive interview | Arcil MD & CEO Pallav Mohapatra says stress seen in retail, MSME segments; ARCs must prepare

    Arcil is in talks with fintech players to use predictive analysis and artificial intelligence-based systems that can ease the processes of acquisition and collection in the small borrower segment.

  • Central Bank of India Q4 net loss narrows to Rs 1,349 crore Jun 07, 2021 10:26 PM IST

    Central Bank of India Q4 net loss narrows to Rs 1,349 crore

    The bank had posted a net loss of Rs 1,529.07 crore in the same quarter of the preceding fiscal year. Sequentially, there was a net profit of Rs 165.41 crore in the December quarter of FY21.

  • Union Bank of India reports Q4 profit at Rs 1,330 crore Jun 07, 2021 10:18 PM IST

    Union Bank of India reports Q4 profit at Rs 1,330 crore

    Union Bank of India incurred a net loss of Rs 2,503.18 crore in the year-ago quarter.

  • Banks to transfer 22 loan accounts worth Rs 89,000 crore to proposed Bad Bank, says IBA Chairman Jun 07, 2021 07:16 PM IST

    Banks to transfer 22 loan accounts worth Rs 89,000 crore to proposed Bad Bank, says IBA Chairman

    The figures are based on preliminary estimates and what the company buys will ultimately depend on its own appetite, Rai said.

  • PNB to pick stake in NARCL, plans to transfer Rs 8,000 crore worth NPA Jun 05, 2021 05:09 PM IST

    PNB to pick stake in NARCL, plans to transfer Rs 8,000 crore worth NPA

    In the first tranche, roughly Rs 8,000 crore is identified by the bank to be transferred to NARCL and as a result at the outstanding level that much of the amount will be reduced from the credit.

  • Muthoot Finance Q4 net profit up 22% at Rs 996 crore Jun 02, 2021 07:46 PM IST

    Muthoot Finance Q4 net profit up 22% at Rs 996 crore

    For the full year, the standalone net profit rose by 23 per cent to Rs 3,722 crore as against Rs 3,018 crore in FY20.

  • State Bank of India puts two corporate bad loan accounts worth Rs 410 crore on sale May 31, 2021 03:11 PM IST

    State Bank of India puts two corporate bad loan accounts worth Rs 410 crore on sale

    The two accounts are Kamachi Industries and Tantia Agrochemicals. The bank’s exposure to Kamachi Industries stands at Rs 355.93 crore and that to Tantia at Rs 53.52 crore.

  • Banks’ gross NPAs to fall in FY21 on restructuring, write-offs and economic resilience: CARE Ratings May 26, 2021 09:47 PM IST

    Banks’ gross NPAs to fall in FY21 on restructuring, write-offs and economic resilience: CARE Ratings

    Regulatory and government schemes also helped cushion the impact of the pandemic.

  • Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter May 26, 2021 06:38 PM IST

    Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter

    This marked a massive jump in auctions compared with just Rs eight crore in the nine months to December 2020

  • SBI invites bids for sale of NPAs worth Rs 217 crore May 13, 2021 02:53 PM IST

    SBI invites bids for sale of NPAs worth Rs 217 crore

    The reserve price for the assets has been fixed at Rs 15 crores and Rs 27.5 crores for Khare and Tarkunde Infrastructure and Heavy Metal and Tubes respectively, indicating a total haircut of 80 percent.

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