Nov 09, 2021 05:48 PM IST
The inspection report of the bank based on its financial position as on March 31 revealed violation of rules on non-identification of NPAs, wrong classification of assets and inadequate provisions made due to wrong classification of assets, the RBI said.
- Nov 08, 2021 05:57 PM IST
Pratip Chaudhuri was arrested on November 1 in connection with an alleged loan scam related to the sale of a hotel belonging to the Godawan Group in Jaisalmer at a tenth of its claimed valuation, to Alchemist ARC, where he is now the director.
- Oct 20, 2021 03:29 PM IST
GNPAs and NNPAs stood at 8.6 per cent and 3 per cent, respectively, as on March 31, 2020.
- Oct 08, 2021 09:10 PM IST
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.
- Sep 27, 2021 06:29 PM IST
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.
- Sep 16, 2021 05:12 PM IST
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.
- Sep 09, 2021 06:29 PM IST
- Jul 26, 2021 03:28 PM IST
Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020.
- Jul 19, 2021 08:26 PM IST
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.
- Jul 13, 2021 03:49 PM IST
The National Asset Reconstruction Company will have nominee directors from other banks once it receives the necessary clearances from the central bank.
- Jul 13, 2021 10:44 AM IST
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.
- Jul 05, 2021 04:44 PM IST
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.
- Jun 30, 2021 03:48 PM IST
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.
- Jun 29, 2021 06:46 PM IST
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.
- Jun 18, 2021 10:07 PM IST
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.
- Jun 09, 2021 05:54 PM IST
Twenty banks which have disclosed data on write-offs have seen the aggregate number rise from Rs 1.45 lakh crore
- Jun 08, 2021 07:52 PM IST
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.
- Jun 08, 2021 01:22 PM IST
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.
- Jun 07, 2021 10:26 PM IST
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.
- Jun 07, 2021 10:18 PM IST
Union Bank of India incurred a net loss of Rs 2,503.18 crore in the year-ago quarter.
- Jun 07, 2021 07:16 PM IST
The figures are based on preliminary estimates and what the company buys will ultimately depend on its own appetite, Rai said.
- Jun 05, 2021 05:09 PM IST
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.
- Jun 02, 2021 07:46 PM IST
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.
- May 31, 2021 03:11 PM IST
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.
- May 26, 2021 09:47 PM IST
Regulatory and government schemes also helped cushion the impact of the pandemic.