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 bad loans becoming... 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 Steel, which will... 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 before, says a... 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 a net loss... 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 fund requirement through... Read more »