Another success for IBC: Ruia’s desperate to pay loans of Essar Steel
The corporate culture in India was rammed by corruption and nepotism for decades. The Government used to spoon-feed selected established corporate houses through ...
Tag: NPAs
Rahul Gandhi shows his ignorance of basic economics
According to RBI data, in last four years of Modi government loan write offs far exceeded the amount of loan recovery. “21 State-owned ...
More than Rs 1.1 lakh crore recovered so far through IBC
India did not have a healthy corporate culture for decades. The Government used to spoon-feed selected established corporate houses through public sector bank ...
PNB recovers record Rs 11,378 in five months
Punjab National Bank (PNB) is one of the largest Public Sector Banks (PSBs) with huge Non Performing Assets (NPAs). Its market image was ...
NPAs of Raghuram Rajan’s era responsible for slow growth not demonetization
NITI Aayog vice-chairman, Rajiv Kumar has completely rebutted the popular imagination in media and policy circles that demonetization caused economic slowdown in the ...
Modi government’s latest move to tackle the banking crisis
Government has asked RBI to prepare a plan for merger among 21 public sector banks. The public sector banks are losing market share ...
CEOs of Public Sector Banks to face penal action if not able to check NPA
Finance Ministry has told the CEOs of public sector banks in no uncertain terms that they would face penal action if not able ...
Public sector banks NPAs declined by Rs 1, 28,229 crores in FY18
According to the former chief economic advisor, Arvind Subramanian the Non-performing Assets (NPAs) are the most critical economic problem faced by the country. ...
Modi government approves proposal to set up Asset Reconstruction Company to resolve NPAs
The government has come up with a comprehensive plan to resolve the Non Performing Assets (NPA) crisis of loans of small amounts. The ...
