Page 6 - Npas

How banks were able to prove doomsday predictions wrong in a pandemic year

There were five factors that helped banks contain bad loans in a pandemic year

Investors lap up Bajaj Finance despite NPA warning; stock up 10% in 2 days

The management of Bajaj Finance in a mid-quarter update indicated some adverse impact of Covid-19-related fresh lockdowns on business during the April-June quarter (Q1FY22)

Hit by Covid-19 pandemic, textile NPAs rose to 16.9% in December

According to the CRIF report, the total amount of credit availed by the sector as of December 2020 stood at Rs 1.62 trillion

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

BoI posts Q4 profit of Rs 250 cr versus Rs 3,571 cr loss a year ago

Full year (FY21) profit at Rs 2,160 crore, as against loss of Rs 2,957 crore in FY20

Banks want RBI to relax NPA norms for lockdown-stressed MSME sector

Bankers request extension of NPA classification norms to 180 days from 90 days currently

IDBI Bank Q4 net profit jumps 278% to Rs 512 crore; NII rises 38%

The net NPAs improved to 1.97% as on March 2021 from 4.19% in March 2020. NNPA stood at 2.75% (on proforma basis) in Dec 2020.

YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore

The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago

Covid second wave: MSMEs need help again but not the way govt did last time

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide

Bank of Maharashtra net profit jumps to Rs 165 cr in March quarter

This was mainly due to a decline in gross NPAs

MSMEs urge FM Nirmala Sitharaman to review NPA classification norms

In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has emerged is the flexibility in assigning NPAs

SBI Cards net doubles to Rs 175 crore in Q4FY21 on lower provisions

Interest income down 20% YoY to Rs 1,072 cr; other income more than doubles to Rs 159 cr

Bank NPAs declined to Rs 5.70 trillion at December-end: Anurag Thakur

Non-performing assets of banks declined to Rs 5.70 trillion in December 2020

Transfer NPAs to bad bank at book value, says Parliamentary panel

The panel urged the Reserve Bank of India to clearly define every step of the procedure to remove any ambiguity or discretion from the banks' side

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

RBI takes IDBI Bank out of PCA framework after lender improves finances

IDBI Bank has been under the PCA framework since 2017 because of the deterioration in its health

5 of 12 large NPAs complete transfer of management control

Central bank mandated the companies for resolution; BPSL, Jaypee Infratech and Amtek Auto in last leg of that process

Indian Bank reports 3 NPA accounts worth over Rs 35 cr as fraud to RBI

Indian Bank on Thursday reported three accounts as fraud to the RBI with total outstanding of over Rs 35 crore