Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed...
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Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed...
read more
Rs 8 lakh cr NPAs may face bankruptcy proceedings by Mar 2019: Report

Rs 8 lakh cr NPAs may face bankruptcy proceedings by Mar 2019: Report

Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs 8 lakh crore by March 2019, a move that could bring down the NPAs and improve the financial health of...
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