Search For "npa"
ASSOCHAM for creation of Stressed Asset Funds for NPA resolution
Updated : 5 years, 7 months ago IST
New Delhi [India] May 7 (ANI):Apex industry body ASSOCHAM suggested the creation of a Stressed Assets Fund (SAF) with active participation of the cash rich public sector firms to turn non-performing assets (NPAs) into performing assets.
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FICCI fully supportive of Centre's move to act against NPAs
Updated : 5 years, 7 months ago IST
New Delhi [India], May 5 (ANI): The Federation of Indian Chamabers of Commerce and Industry (FICCI) has said that it fully supports the steps taken by the government and the Reserve Bank of India to address the issue of rising NPAs which have plagued the banking sector.
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Empowering RBI to act against NPAs decisive: SBI chairman
Updated : 5 years, 7 months ago IST
New Delhi [India], May 5 (ANI): State Bank of India Chairman Arundhati Bhattacharya on Friday said the country and its banking system need to move quickly and decisively to take benefits from enabling provisions.
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Asset quality woes to continue affecting banks in FY2018: ICRA
Updated : 5 years, 7 months ago IST
New Delhi [India], Apr. 13 (ANI): Based on an analysis of the asset quality of the Indian banking sector conducted by credit-rating body ICRA, it can be observed that although the fresh non-performing asset (NPA) generation rate continues to show signs of moderation, declining asset quality
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Sector specific measures will be taken to deal with decline of NPAs, says
Updated : 5 years, 7 months ago IST
New Delhi [India], Mar 15 (ANI): Union Finance Minister Arun Jaitley on Wednesday said it is a challenge to deal with the Non Performing Assets (NPAs) of the banks, which have witnessed a decline in the last quarter of the current financial year.
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Job creation through growth: New ASSOCHAM President
Updated : 5 years, 7 months ago IST
New Delhi [India], Feb 22 (ANI): Welcoming various steps taken by the Government to curb black money and corruption, new ASSOCHAM President Sandeep Jajodia today said, as economy is still in the stage of remonetization, the people should be encouraged and not discouraged to start spending ag
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PSBs record decline in NPA recovery
Updated : 5 years, 7 months ago IST
New Delhi [India], Feb. 7 (ANI): Minister of State in the Ministry of Finance, Santosh Kumar Gangwar, revealed in Rajya Sabha on Tuesday that Public Sector Banks (PSB) recorded a moderate decline of Rs. 2,556 Crore in recovery of Non-Performing Assets (NPA).
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NPAs, less debt appetite road blocks for bank lending despite deposit pile
Updated : 5 years, 7 months ago IST
New Delhi [India], Dec 1 (ANI): Despite banks filled with huge deposits following demonetization, a very high level of non-performing assets and reducing appetite for more loans from the over-leveraged industry would come in the way of increased bank lending despite bond yields falling even
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Insolvency, Bankruptcy Code may help unlock NPAs worth Rs. 25k crore over
Updated : 5 years, 7 months ago IST
New Delhi [India], Nov 21 (ANI): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs. 25,000 crore capital currently locked up in non-performing assets (NPAs) over next four to five years, noted a recent ASSOCHAM-Crisil joint study.
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SC to decide if names of bank defaulters can be made public
Updated : 5 years, 7 months ago IST
New Delhi [India], Oct. 28 (ANI): The Supreme Court will on Friday hear whether the names of individuals and companies with non-performing assets (NPAs) of worth Rs. 500 crore or more could be made public.
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RBI issues clarification on S4A norms for NPAs to banks
Updated : 5 years, 7 months ago IST
New Delhi, Aug. 25 (ANI): The Reserve Bank of India (RBI) has issued a clarification with respect to norms of its Scheme for Sustainable Structuring of Stressed Assets (S4A), which allows the bankers to restructure debt of companies in default.
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