non performing asset news
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'Govt, RBI steps resulted in improvement in NPA recovery'
New Delhi :: India | 1 month ago
Credibility
A series of steps taken by the Government and the Reserve Bank have helped improve recovery of bad loans by public sector banks (PSBs), Parliament was informed today. To improve the health of the financial sector, reduce the NPAs, improve asset
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Reduce Non Performing Assets: Govt to banks
Ahmedabad :: India | 1 month ago
Credibility
The government is firm to recover money from borrowers and has asked the public sector banks to reduce their Non Performing Assets ( NPAs ), said a top finance ministry official. "The borrower has to pay and this applies to all. Recovery has to made
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BAM aims for 10% revenue, profit growth
Bam :: Iran | 4 months ago
Credibility
President Krit Sesavej told a press conference yesterday that strong demand for resale homes along the mass-transit route extensions from inner to outer Bangkok helped boost the market value of its non-performing assets (NPAs), especially residences.
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NBFCs set to tweak loan-to-value math
Mumbai :: India | 5 months ago
Credibility
Going by industry officials, a 5-10% reduction in LTV appears to be a given now. Currently, an asset is classified as non-performing asset (NPA) if repayment is due for 180 days. Under the changes proposed by the Reserve Bank of India, an account
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Amended legislation paves way for new banks in the next year
New Delhi :: India | 5 months ago
Credibility
The development injected new life into the sector which has been struggling to cope with rising bad debts and pressure on the bottom line in the wake of global slowdown that also affected the performance of the Indian corporate sector. During 2012,
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Q&A with BA Prabhakar: New NPAs doni¿½t warrant higher provisioning
Mumbai :: India | 5 months ago
Credibility
With banks in a firefighting mode as far as bad loans or non-performing assets (NPAs) are concerned, regulatory norms require them to set aside a higher provisioning. But interestingly enough, Andhra Bank's provisioning coverage ratio (PCR) is on the
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LS approves changes in Debt Recovery Bill amid walkout
Mumbai :: India | 6 months ago
Credibility
The Lok Sabha on Monday approved an amendment bill to make easier recovery of bad loans by banks amid walkout by the BJP, Left and some other parties after the government rejected their demand for referring it to the Standing Committee. The
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'RBI may hike NPA provision ratio if needed'
Mumbai :: India | 6 months ago
Credibility
RBI Deputy Governor K C Chakrabarty has come down heavily on banks showing higher profits without providing adequately for bad loans, and said if need be, the central bank may hike provision coverage ratio (PCR) levels. "Why banks need to show
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Banks advised to increase the pace of NPA recovery
New Delhi :: India | 6 months ago
Credibility
December 6, 2012 Worried over the slowdown of the economy and the rising non-performing assets (NPAs) of public sector banks, the Reserve Bank of India (RBI) has asked banks to put a loan recovery policy in place while the government has asked them
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Allahabad Bank eyes new geographies: Shubhalaxmi Panse
Dhāka :: Bangladesh | 6 months ago
Credibility
Shubhalaxmi Panse, the new chairperson and managing director of Allahabad Bank, has chalked out the way forward for the lender on day one itself...What were the top three things on your agenda when you took over? The day I joined, first thing I noted
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