Concrete steps taken by the government and RBI helped banks recover bad loans worth more than ₹8.6 lakh crore in the last eight financial years, the government informed Parliament on Monday. Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) was normal, […]
Continue Reading
Yes Bank has selected JC Flowers ARC as partner to form an asset reconstruction company to sell bad loans of the bank valuing ₹48,000 crore. The lender said it had signed a binding term sheet with JCF ARC LLC and JC Flowers Asset Reconstruction Pvt. Ltd. (JF Flowers ARC) for strategic partnership in relation to […]
Continue Reading
Svanidhi Mahotsav, a series of cultural events for street vendors and the public, to be rolled out in 75 cities Svanidhi Mahotsav, a series of cultural events for street vendors and the public, to be rolled out in 75 cities Non-performing assets (NPA) accounted for “12-13%” of the loans disbursed to street vendors under the […]
Continue Reading
How does the piling up of non-performing assets affect the functioning of a bank? Have bad banks been set up in other countries? How does the piling up of non-performing assets affect the functioning of a bank? Have bad banks been set up in other countries? The story so far: Finance Minister Nirmala Sitharaman on […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
