Search For "npa"
ABG Shipyard fraud detected faster than usual, says Finance Minister
Updated : 1 year, 1 month ago IST
New Delhi [India], February 14 (ANI): Union Finance Minister Nirmal Sitharaman on Monday said the lending by a consortium of banks to ABG Shipyard had turned a non-performing asset (NPA) before Prime Minister Narendra Modi government came to power in 2014, adding that the banks have done a c
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SBI profit surges 62 pc to Rs 8,432 crore in Q3
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): State Bank of India, the country's largest lender, on Saturday said its net profit surged 62.27 per cent to Rs 8,432 crore in the third quarter of the current financial year when compared with the corresponding period of the previous year.
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Assam Forest Minister Parimal Suklabaidya rolls out Assam Micro Finance In
Updated : 1 year, 1 month ago IST
Guwahati (Assam) [India], February 3 (ANI): Assam Environment and Forest Minister Parimal Suklabaidya gave away cheques as financial support to women borrowers who took loans from microfinance institutions in Assam's Hojai district on Thursday under Category 1 of Assam Micro Finance Incentiv
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SC refuses to pass interim order to restrain lenders from declaring Future
Updated : 1 year, 1 month ago IST
New Delhi [India], February 3 (ANI): The Supreme Court on Thursday refused to pass any interim order on a petition of Future Retail Limited (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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CBI books Hyderabad-based firm for causing loss of Rs 218.21 cr to SBI
Updated : 1 year, 1 month ago IST
New Delhi [India], February 2 (ANI): Central Bureau of Investigation has registered a case against a Hyderabad based company, its Managing Director, Director and unknown public servants for an alleged bank fraud based on a complaint from a State Bank of India (SBI) Stressed Assets Management
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SC seeks banks' response on Future Retail's plea to restrain lenders from
Updated : 1 year, 1 month ago IST
New Delhi [India], February 1 (ANI): The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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DBI Bank Q3 profit jumps 53 per cent to Rs 578 crore
Updated : 1 year, 2 months ago IST
Mumbai [India], January 21 (ANI): IDBI Bank on Friday reported Rs 578 crore net profit for the third quarter of the current financial year, which is 53 per cent more when compared with the corresponding quarter of last year.
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Banks' gross NPAs may rise to 9.5 per cent in Sept 2022: RBI
Updated : 1 year, 3 months ago IST
Mumbai [India], December 29 (ANI): The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday.
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Income Tax Department conducts searches in Mumbai
Updated : 1 year, 3 months ago IST
New Delhi [India], December 15 (ANI): The Income Tax Department has carried out search and seizure operations on four Asset Reconstruction Companies (ARCs) in Mumbai, informed the Ministry of Finance on Wednesday.
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Taiwan police probing 2 ex-employees of Kaohsiung-based optoelectronic dev
Updated : 1 year, 4 months ago IST
Taipei [Taiwan] November 13 (ANI): Taiwan police is investigating two ex-employees of a Kaohsiung-based optoelectronic device maker that makes solar and image sensors for stealing proprietary trade secrets over several years to sell in China.
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IREDA registers all-time high half-yearly profit after tax
Updated : 1 year, 4 months ago IST
New Delhi [India], November 13 (ANI): The Indian Renewable Energy Development Agency (IREDA), a public sector unit (PSU) under the Ministry of New and Renewable Energy (MNRE) on Saturday announced audited financial results for half-year-1 and quarter-2 financial year (FY) 2021-22 ending Sept
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Reforms initiated in financial system, public sector banks over last 7 yea
Updated : 1 year, 4 months ago IST
New Delhi [India], November 12 (ANI): Prime Minister Narendra Modi on Friday said that in the last seven years, non-performing assets were recognized with transparency in the country and pointed out that multiple reforms were carried out in the financial system and public sector banks in
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