Mumbai : Asset Reconstruction Companies (ACRs) have called upon the banks to sell them bad loans in early stages so that the chances of recovery become brighter. With the... Read more »
Public sector lender Punjab National Bank (PNB) has put on sale six non-performing assets (NPAs) worth over Rs 1,000 crore, along with two accounts of Vandana Vidyut and Visa... Read more »
The system-wide non-performing assets stock has fell starkly to 9.3 percent in March 2019, more rapidly than the Reserve Bank’s estimate and far down from 11.5 percent the year... Read more »
State-run Bank of India Thursday achieved a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to reduction of bad loans. The bank had reported... Read more »
Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their... Read more »