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NPA News

29 Jul 2024

Indian Bank Clocks 41% Jump In Net Profit To Rs 2,403 Crore For April-June

The bank's gross advances increased by 12 per cent to Rs 5.40 lakh crore in the April-June quarter compared to Rs 4.8 lakh crore in the same quarter last year.

28 Jul 2024

ICICI Bank Reports 14.6% YoY Profit Growth In Q1FY25, NII Up 7.3%

ICICI Bank's total period-end deposits increased by 15.1 per cent YoY, reaching Rs 14,26,150 crore.

Reserve Bank of India

29 May 2024

RBI Warns ARCs Over Evergreening Distressed Assets

The RBI Deputy Governor urged ARC chiefs to adopt a regulation-plus approach where you not only comply with the letter of the regulation but also its spirit.

04 May 2024

IDBI Bank Registers 44% Jump In Net Profit For Jan-March Quarter

IDBI Bank's provisions on bad debts written off came down sharply to Rs 1,049 crore from Rs 3,587 crore in the same quarter of the previous year.

03 Feb 2024

SBI Net Profit Declines 35 Pc To Rs 9,164 Crore In Q3

During the quarter, the bank earned interest income of Rs 1,06,734 crore as against Rs 86,616 crore in the same period a year ago.

cooperative bank

08 Jun 2023

Cooperative Banks Will Soon Be Able To Do Compromise Settlements

Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies, Das said, adding that comprehensive guidelines on the same will be released soon.

Great Indian Tamasha Company

22 Jun 2022

'Tamasha', 'Nautanki' companies dupe 3 leading banks of Rs 150 crore

GITCPL was operating the Kingdom of Dream in Gurugram, near Delhi. The bids for the properties will be open from July 16 to July 22.

16 Apr 2022

HDFC Bank net profit jumps 23% to Rs 10,055 crore in Q4

Total income rose to Rs 41,085.78 crore during Q4 FY22. HDFC Bank's total income was Rs 38,017.50 crore in the year-ago period. Net NPAs (or bad loans) stood at 0.32 per cent of the net advances.

Punjab National Bank

16 Mar 2022

PNB reports another fraud! Bank defrauded of Rs 2,060 crore by THIS company

PNB said that fraud of Rs 2060.14 crore is being reported by the bank to the RBI in the accounts of the company. Last month, the Punjab & Sind Bank (PSB) had declared IL&FS Tamil Nadu Power as a bad asset.

28 Nov 2021

RBI's recent norms may spike NPAs for NBFCs, cautions ICRA

RBI had said that classification of special mention accounts and non-performing accounts should be done on a day-end position basis. The classification should be upgraded from an NPA to standard category only after clearance of all outstanding overdue, RBI added. ICRA said that these new norms will impact on earnings performance of such entities.

Punjab National Bank

25 Nov 2021

Rs 73 cr fraud at PNB, Indian Bank: CBI lodges case against seven

After disbursal of the loan proceeds, the borrowers/guarantors allegedly violated the terms & conditions The account turned into Non-Performing Assets(NPA)

27 Oct 2020

Do you have an account in this bank? 50 branches of this bank shutting down

Bank to reduce its overall network in FY21. There will be no new openings. The bank has already surrendered two floors in Mumbai.

Punjab National Bank

10 Jul 2020

PNB reports fraud of Rs 3,688.58 cr in DHFL account

The DHFL came in the eye of the storm after a report suggested that the company, through layers of shell companies, allegedly siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore.

26 Jun 2020

Banks go for stress test to assess the impact of COVID-19 on NPAs

Since the quarter as well as the financial year has ended, it is prudent to undertake the stress test to have a better view of the financial health, banking sources said.

08 Jun 2020

Bank credit growth will nosedive to 1% due to COVID-19 impact: Crisil

Domestic rating agency Crisil, which estimates bank credit growth to come at 0-1 per cent in this financial year, had earlier predicted it to expand by 8-9 per cent.

05 May 2020

PSB NPAs likely to rise 2-4% points

The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.

28 Aug 2019

Moody's downgrades Yes Bank's ratings with outlook negative

Yes Bank`s asset quality deteriorated in the quarter ended June 2019 with its gross non-performing loan (NPL) ratio rising to 5 per cent from 3.2 per cent at the end of March 2019.

Reserve Bank of India

07 Jun 2019

RBI issues revised circular on resolution of stressed loans

The Supreme Court had earlier quashed the RBI circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore.

06 Jun 2019

New NPA resolution norms in 3-4 days: Das

On April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as NPA.

Punjab National Bank

28 May 2019

PNB narrows Q4 loss to Rs 4,750 crore

The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.

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