News Muncher - searching for npas

1 week, 4 days ago

People must weigh immediate benefit vs long-term gain: Nitin Gadkari on freebies

Road Transport and Highways Minister Nitin Gadkari on Friday cautioned voters about political parties offering freebies ahead of elections, urging them to weigh the lure of instant gratification against the benefits of long-term policies. With political parties increasingly resorting to the freebie pitch to woo voters, people also started to have expectations and vote for the party which they see …

Political Parties Vote Gadkari

2 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

India Crore Sector Banks Gross Outstanding Npas

2 weeks, 4 days ago

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra has held that upon declaration of the loan account/ debt as NPA that date can be reckoned as the date of default to enable the Financial Creditor to initiate action under Section 7 of the Code. There being default by the Corporate Debtor prior to 01.03.2020 and also …

Corporate Bank Application Debt Period Date File

3 weeks ago

Three reasons HDFC Bank may turn around sooner than you think

Live Mint

HDFC Bank shares hit an all-time high of ₹1,830 apiece on 28 November. Anticipated fund-flows While fund-flows are temporary and volatile, two major sources of fund flows may explain the recent buoyancy in the HDFC Bank stock. This influx is primarily due to HDFC Bank's increased weight in the MSCI Global Standard Index, which will enhance its attractiveness to passive …

Growth Bank Nifty 2024 High Hdfc Bank Hdfc

1 month ago

Microfinance meltdown: Five stocks that could come out on top

Live Mint

The microfinance sector is facing a severe downturn, with every small finance bank and non-banking finance company involved in microlending seeing declines of 30-50%. Equitas Small Finance Bank estimates that around 50% of loans overdue by 90 days eventually become NPAs, though this figure varies across lenders. Equitas Small Finance Bank, Ujjivan Small Finance Bank, CreditAccess Grameen Ltd, and Arman …

Car Bank Cag This Article Lenders Npa Npas

1 month, 1 week ago

PSB’s Record 26% Profit Growth in First Half FY25

Deccan Chronicle

New Delhi: The finance ministry on Tuesday said that public sector banks have shown robust performance in the first half of the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing assets. During the first six months of FY25, the finance ministry also said that the credit and deposit portfolio …

Cent Yoy

1 month, 2 weeks ago

SBI net profit zooms 28% on better asset quality, credit growth

New Indian Express

MUMBAI: The State Bank of India has reported a 28 percent on-year growth in net profit at Rs 18,331 crore for the quarter to September driven by improved asset quality and higher credit sales. The new chairman CS Setty, who assumed office only last month, said that in the reporting quarter, the bank earned an interest income of Rs 1.14 …

Period Crore Quarter Net Net Profit Npas Nim

1 month, 3 weeks ago

Tamilnad Mercantile Bank Soars to New Heights with 11% Net Profit Growth

The Hindu

Tamilnad Mercantile Bank reports its highest-ever net profit for the September quarter, with a rise of 11%. The bank's net interest income increased by 12%, while net interest margin improved to 4.25%. Non-interest income also rose, indicating a strong performance in the private sector lending segment.

Chennai

2 months ago

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore

New Indian Express

Bajaj Housing Finance reports a 21 percent increase in net income to Rs 546 crore in the September quarter. The company's net interest income grew 13 percent to Rs 713 crore, while assets under management surged 26 percent to Rs 1.03 trillion. However, the net profit margin declined to 22.64 percent from 23.6 percent. The company's capital adequacy ratio has …

Mumbai

3 months, 3 weeks ago

Why this class of companies is waiting for more corporate failures

Live Mint

Mumbai: On a humid evening in May, a group of executives from various asset reconstruction companies gathered at the ballroom of hotel President in Cuffe Parade, Mumbai. The third and more recent challenge is the advent of India’s so-called bad bank, the state-owned National Asset Reconstruction Company Ltd. As a rule, the industry thrives when the level of corporate non-performing …

India Industry Bank Companies Loans Crisil Rbi

4 months, 2 weeks ago

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman

News 18

Public sector banks’ non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. The finance minister informed the House that the NPA for public sector banks on Mudra loans has decreased to 3.4 per cent in the financial year 2023-24. She further said Mudra loan …

Loans Public Sector Banks Sector Cent Banks Sitharaman Npa

4 months, 3 weeks ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

Crore Sbi Compared Net Profit Net Npas

4 months, 3 weeks ago

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

The Hindu

ICICI Bank Ltd. reported Q1 FY25 net profit grew 14.6% year-on-year to ₹11,059 crorebeating estimates led by treasury gains and other income. Net interest income of the private sector bank for June quarter rose 7.3% YoY to ₹19,553 crore, the bank said in a filing. “We are comfortable with the asset quality andour strategy is to grow in a risk …

Bank Crore Yoy Icici Bank Net Compared Npa

4 months, 3 weeks ago

ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls

Hindustan Times

ICICI Bank Ltd, India's second-largest private sector lender has announced its first quarter financial results for the financial year 2024-25 on Saturday, July 27. The bank recorded a standalone net profit of ₹11,059.11 crore, a gain of 14.62% or ₹1,410.91 compared to the same quarter of the previous year, which was at ₹9,648.20 crore. This was a fall of 9.75% …

India Bank Income Interest Interest Income Crore Quarter

5 months ago

HDFC Bank logs 35% increase in net profit

New Indian Express

NEW DELHI: Returning to its once famed over 30% net income for as many as 34 quarters on the trot which ended with the pandemic era, the second-largest lender logged in a robust 35.33% jump in net profit at Rs 16,174.75 crore for the June quarter even though the numbers are not comparable since the merger with its parent took …

Crore Quarter Net Npas

7 months ago

Woman dies after being pulled five miles along river near Leeds

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Officers and the National Police Air Service were deployed, with …

Woman Email Leeds

9 months ago

Kunal Kamra mocked actor Salman Khan in a viral video

Op India

On 24th March, a video of self-proclaimed stand-up comedian Kunal Kamra went viral on social media, where he was seen abusing actor Salman Khan. pic.twitter.com/E5tJtlPbpI — Ankur Singh March 24, 2024 In the video, he said, “I got an offer to visit Ambani’s OTT and take a moral lesson from Salman Khan. Every Saturday, Salman Khan will come and tell …

Social Media Salman Khan Salman Khan Kunal Kamra Kamra

9 months ago

SBI Card declares interim dividend of ₹2.50/share for FY24

Live Mint

SBI Cards and Payment Services on March 19 declared an interim dividend of ₹2.50 per equity share for FY23-24, it said in a filing with the exchanges. SBI Card Q3 results: Net profit rises 8% to ₹ 549 crore SBI Card on January 25 declared financial results for Q3FY24 ended December 31, 2023. The State Bank of India-backed credit card …

Card Crore Cent 2023 Sbi Sbi Card Interim Dividend

10 months, 3 weeks ago

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore

Live Mint

Mumbai: Mahindra Finance, a non-banking lender focused on auto finance, on Tuesday reported a 12 per cent decline in standalone net profit to ₹553 crore for the December quarter. On a consolidated basis, the company's net income declined 6 per cent to ₹623 crore from ₹664 crore and the total income rose 23 per cent to ₹4,137 crore. Adjusted for …

Company Crore Cent Net Iyer Net Profit

11 months ago

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year

Hindustan Times

IndusInd Bank on Thursday reported a net profit of ₹2,298 crore for the third quarter ending December 31, a surge by 17.3 per cent from the previous year. IndusInd Bank on Thursday reported a net profit of ₹ 2,298 crore for the third quarter ending December 31 The lender beat the Q3 profit expectations, helped by strong loan growth, Reuters …

Bank Cent Quarter Indusind Bank

11 months, 1 week ago

HDFC Bank Q3 profit surges 34 per cent to Rs 16,373 crore, NPAs decline to 0.31 per cent

India TV News

HDFC Bank, the largest private sector lender in India, has reported a 34 per cent increase in its standalone net profit to Rs 16,373 crore for the third quarter ending December 2023. The total income on a standalone basis also witnessed substantial growth, reaching Rs 81,720 crore in the October-December quarter of FY24 compared to Rs 51,208 crore in the …

Bank Profit Crore Pti Cent Hdfc Bank Npas

1 year ago

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024

Hindustan Times

Real estate developers' body National Real Estate Development Council has recommended to the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing fund with a corpus value of ₹50,000 crore in the upcoming budget for the financial year 2024-2025, saying the move is expected to benefit both home buyers as well …

Housing Tax Projects Fund Crore Gst Two Years

1 year ago

Banks write off ₹10.57 lakh crore in 5 years, make NPA recovery worth ₹7.17 lakh cr: FinMin

The Hindu

Banks have written off ₹10.57 lakh crore during the last five financial years, of which ₹5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament on Tuesday. "As per RBI data, scheduled commercial banks have written off an aggregate loan amount of ₹10.57 lakh crore during the last five financial years," Minister of …

Crore Banks Lakh Written Npa Karad Scheduled Commercial Banks

1 year ago

Getting Indian banks back on the track

Hindustan Times

After a long slump, private sector investments in India may be on the cusp of a revival, according to some analysts. State Bank of India, would report a steep increase in bad loans every time its chairperson changed. The largest of them, State Bank of India, would report a steep increase in bad loans every time its chairperson changed. During …

Banking Investments Loans State Sector Rbi Banks

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Search results for npas

People must weigh immediate benefit vs long-term gain: Nitin Gadkari on freebies

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

Three reasons HDFC Bank may turn around sooner than you think

Microfinance meltdown: Five stocks that could come out on top

PSB’s Record 26% Profit Growth in First Half FY25

SBI net profit zooms 28% on better asset quality, credit growth

Tamilnad Mercantile Bank Soars to New Heights with 11% Net Profit Growth

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore

Why this class of companies is waiting for more corporate failures

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls

HDFC Bank logs 35% increase in net profit

Woman dies after being pulled five miles along river near Leeds

Kunal Kamra mocked actor Salman Khan in a viral video

SBI Card declares interim dividend of ₹2.50/share for FY24

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore

IndusInd Bank reports ₹2,298 crore Q3 net profit, a 17.3% surge from last year

HDFC Bank Q3 profit surges 34 per cent to Rs 16,373 crore, NPAs decline to 0.31 per cent

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024

Banks write off ₹10.57 lakh crore in 5 years, make NPA recovery worth ₹7.17 lakh cr: FinMin

Getting Indian banks back on the track