Home Tags Bad Loans

Tag: Bad Loans

PNB targets to recover bad loans worth Rs.20,000 crore in FY2020

India’s second-largest public sector lender, Punjab National Bank (PNB), hopes to recover non-performing assets worth Rs.20,000 crore in the current financial year. The bank aims to perform...

State-owned bank’s losses increase in Q2 due to bad loans

Though banks are reaching some sort of stability following the recent provisions by the Government of India to help banks focus on their lending...

Allahabad Bank to receive capital infusion of Rs.30.5 billion from the...

With the public sector bank being earlier put under prompt corrective action (PCA) by the Government of India for their net losses caused by...

Govt. expects to recover Rs.1.8 lakh crore worth bad loans in...

The government expects to recover non-performing assets (NPAs) worth Rs.1.8 lakh crore during the fiscal year 2018-19. During a press conference, India’s finance minister...

Bank of India invites bids for 45 stressed accounts worth Rs.8,800...

Bank of India, the state-owned public sector bank based in Mumbai, has invited bids from asset reconstruction companies for the sale of Rs.8,800 crore...

SBI to sell NPAs worth Rs.3,900 crore to asset reconstruction companies

India’s largest lender State Bank of India (SBI) is planning to sell non-performing assets (NPAs) worth Rs.3,900 to asset reconstruction companies (ARCs) and various...

RBI initiates scrutiny of 200 large stressed accounts to curb rising...

In a bid to curb the increasing volume of non-performing assets (NPAs), the Reserve Bank of India (RBI) has initiated scrutiny of 200 large...

Undeclared NPAs in FY2018 amount to Rs.3 lakh crore, says TU...

Undeclared non-performing assets (NPAs) in the books of various lenders in the country may amount to Rs.3 lakh crore as of March 2018. These...

SBI hopes to recover 50% of NPAs from RBI’s first list...

India’s largest lender State Bank of India (SBI), which is marred by issues concerning non-performing assets (NPAs), hopes to recover at least 50% of...

Over 20 Indian banks join hands to address stressed assets

A total of 24 Indian banks joined hands to address stressed assets, signing the inter-creditor agreement on Monday. The agreement primarily intends to expedite...