Sunday, November 17, 2024

TOPIC

NPA

News Reports

Centrum-BharatPe’s Unity Small Finance Bank, which took over scam-hit PMC Bank, returns approximately Rs 3,800 crore to the depositors: Details

OpIndia Staff -
Unity Small Finance Bank paid approximately Rs 3,800 crore to depositors of the scam-hit Punjab and Maharashtra Co-operative Bank (PMC Bank) on Thursday
News Reports

Punjab: Bank of India writes to ECI, asks to reject the nomination of Congress candidate for defaulting on loan worth Rs 6.35 crores

OpIndia Staff -
The Bank Of India has written that Congress candidate from Khadoor Sahib Ramanjeet Sikki is a loan defaulter and hence should not be allowed to file nomination.
News Reports

Banks suffer due to bad loans, then economy suffers as banks lend less – Read how ‘Bad Bank’ will break this vicious cycle

OpIndia Staff -
NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total
News Reports

‘Not a single NPA in the three decades of its existence,’ Adani Group rubbishes Subramanian Swamy’s allegations

OpIndia Staff -
On Friday, BJP MP Subramanian Swamy had put out allegations on Twitter against Adani accusing him of non-payment of loans worth Rs 4.5 lakhs, which has allegedly turned into an NPA.
News Reports

Former RBI governor Urjit Patel blames UPA govt for banking mess, says RBI too fell short on several counts

OpIndia Staff -
The former RBI governor Urjit Patel in his yet-to-be-released book writes that several government banks did not have senior management in place, and governance suffered.
Economy and Finance

Gross NPA declines for the first time in seven years, thanks to Insolvency and Bankruptcy Code, says RBI report

OpIndia Staff -
The RBI report stated that there was a decline in both gross NPA and in the net NPA ratios.
News Reports

PMC bank fraud: Mumbai police arrests suspended PMC Bank Managing director Joy Thomas, HDIL officials sent to police custody

OpIndia Staff -
The RBI has already dismissed the board of governors of PMC bank and has appointed an administrator
News Reports

PMC Bank fraud: Mumbai police file FIR against HDIL and bank officials, SIT formed to probe the case

OpIndia Staff -
The Economic Offences Wing of the Mumbai Police has filed FIR in the PMC bank fraud case
Economy and Finance

PMC Bank gave 96.5 crores personal loan to builder after his company had defaulted on 2500 crores loan: Report

OpIndia Staff -
PMC Bank had total lendings at around 8300 crores and exposure to HDIL alone is reportedly at 31%.
News Reports

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

OpIndia Staff -
Urjit Patel held dilatory tactics adopted by the regulator, government and the banks till 2014 responsible for the looming NPA crisis
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