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Articles for NPA

Bank Has Right Of General Lien Over All Securities Of Customer In Ordinary Course, Unless Agreement Says Otherwise: Rajasthan HC Reiterates
3 days, 12 hours ago

Bank Has Right Of General Lien Over All Securities Of Customer In Ordinary Course, Unless Agreement Says Otherwise: Rajasthan HC Reiterates

Live Law  

Referring to the decision of the Supreme Court in Syndicate Bank v Vijay Kumar & Ors., a division bench of Justice Pushpenda Singh Bhati and Justice Munnuri Laxman said," it is clear that it is judicially recognized the valuable right of banks i.e. In doing so the court set aside an order of the single judge directing Canara Bank to …

Security General Court Balance Bank Loan Right
NCLT Can Allow Date Of Default To Be Amended In CIRP Proceedings: NCLAT
1 week, 1 day ago

NCLT Can Allow Date Of Default To Be Amended In CIRP Proceedings: NCLAT

Live Law  

The National Company Law Appellate Tribunal bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey has held that the NCLT is empowered to allow the parties to amend the pleadings before the final orders in Corporate Insolvency Resolution Process proceedings are passed. The initial default date of 31.10.2020 falls within the moratorium period under Section 10A, …

Corporate Corporate Debtor Bank Tribunal Held Period Nclt
Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT
2 weeks, 3 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
Pharmacies could cut hours or close as a result of Budget measures, leaders warn
3 weeks, 4 days ago

Pharmacies could cut hours or close as a result of Budget measures, leaders warn

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Pharmacies could be forced to cut their opening hours or …

Health Budget Care Pharmacies Nhs Chief Executive Npa
NPA Staffer Duped, Conmen Attempts to Compromise
1 month ago

NPA Staffer Duped, Conmen Attempts to Compromise

Deccan Chronicle  

Hyderabad: A 27-year-old employee working in the health department of Sardar Vallabhbhai Patel National Police Academy fell victim to the cybercrime, losing Rs.1.17 lakh after he downloaded a fake application using an APK file. Though the fraudster sought the details of his credit card, the victim gave the details of his wife’s bank account. Subsequently, the fraudster asked the victim …

Victim
Microfinance meltdown: Five stocks that could come out on top
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
Pharmacies to reduce opening hours and withdraw key services in funding row
1 month, 1 week ago

Pharmacies to reduce opening hours and withdraw key services in funding row

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Pharmacy owners are not a radical bunch, we have never proposed action like this …

England Services Funding Pharmacies Open Kaye Pharmacy
SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights
1 month, 2 weeks ago

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights

Live Mint  

SBI Q2 Results: Public sector lender State Bank of India on Friday reported a standalone net profit of ₹18,331.44 crore for the quarter ended September 30, 2024, which was up by 27.92% over ₹14,330.02 crore reported by the company in the year-ago period. Net interest income for the quarter ended September, increased by 5.37% year-over-year to reach ₹41,620 crore, up …

Quarter Net Sbi Sbi Share Price Crore Nii Period Q2
Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
1 month, 3 weeks ago

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

The Hindu  

Canara Bank reports a strong Q2 performance with a 11.31% increase in net profit to ₹4,014 crore. The bank's net interest income also saw a significant rise, reaching ₹9,315 crore, compared to ₹8,903 crore in the corresponding quarter last year. The bank's NPAs have been reduced significantly, with the MSME sector NPA ratio dropping to 7.1% in Q2, down from …

Business Finance Economy Banking
NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period
1 month, 3 weeks ago

NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period

Live Law  

The NCLT has admitted a Section 95 application filed by the applicant bank to initiate CIRP against the Personal Guarantor of M/s CMYK Printech Limited. The tribunal found that the liability of the Personal Guarantor is co-existing with that of the Principal Borrower and that it falls under the ambit of Section 128 of the Indian Contract Act, 1872. The …

Law Finance Corporate NPA New Delhi
Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO
Top News
2 months ago

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO

News 18  

Bajaj Housing Finance reports a significant increase in its net profit to Rs 546 crore for the Q2 FY25, compared to Rs 451 crore a year ago. The company raised Rs 6,560 crore through an IPO in September 2024, which helped boost its AUM to Rs 1.03 lakh crore. Despite a slight decline in the net profit margin, the company's …

Finance Real Estate Banking Financial Performance
How YOUR High Street pharmacy may be forced to shut up shop - desperate tales reveal workers on brink of collapse: 'My last day off was for my son's funeral two years ago'
2 months ago

How YOUR High Street pharmacy may be forced to shut up shop - desperate tales reveal workers on brink of collapse: 'My last day off was for my son's funeral two years ago'

Daily Mail  

High street pharmacies are on the 'brink' of collapse, a damning report into the 'critical' pressures teams face ruled today. One owner, Anil Sharma, told MailOnline he has been assaulted, punched and had objects thrown at him amid rising levels of patient aggression, with incidents logged almost every week The England-wide probe on staffing and morale in the sector has …

England Workforce Patients Pharmacies Told Patient Mailonline
US court upholds British socialite Ghislaine Maxwell’s sex trafficking conviction
3 months ago

US court upholds British socialite Ghislaine Maxwell’s sex trafficking conviction

Associated Press  

NEW YORK — A U.S. court on Tuesday upheld disgraced British socialite Ghislaine Maxwell’s conviction on sex trafficking charges for helping the late financier Jeffrey Epstein abuse underage girls. Maxwell’s lawyers had argued that her convictions violated an agreement Epstein reached with federal prosecutors 15 years ago in which he agreed to plead guilty to sex crimes and his co-conspirators …

Florida Abuse Court Sex British New York Epstein
HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
3 months, 1 week ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

Bank Crore Hdfc Bank
England’s rural areas at risk of becoming ‘pharmacy deserts’
3 months, 2 weeks ago

England’s rural areas at risk of becoming ‘pharmacy deserts’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. These shocking statistics show how a growing number of areas are at risk of …

England Rural Pharmacies Areas Pharmacy Npa High Streets
Why this class of companies is waiting for more corporate failures
3 months, 2 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
₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED
4 months ago

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED

Hindustan Times  

Mumbai: The Enforcement Directorate’s money-laundering probe in connection with the ₹494-crore fraud Shivajirao Bhosale Sahakari Bank in Pune, has revealed that the key managerial accused persons of the bank allegedly utilised disbursed loan amounts for their own benefit by giving approvals to irregular loan cases, thereby resulting in 97% of such loan cases turning into Non-Performing Assets, causing loss of …

Case Accused Fir Persons Turned Npa Bank Alleged Fraud Shivajirao
Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman
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
ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore
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
IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable
4 months, 3 weeks ago

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable

Live Mint  

IDFC First Bank Q1 Results: The private lender's NII rose 25.4 per cent to ₹ 4,695 crore in the first quarter of the current fiscal year, compared to ₹ 3,745 crore in the year-ago period. IDFC First Bank Q1 Results: IDFC First Bank announced its announced its April-June quarter results for fiscal 2024-25 on Saturday, July 27, reporting a drop …

Tamil Nadu Bank Profit Crore Cent Quarter Yoy
Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
4 months, 4 weeks ago

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore

The Hindu  

Federal Bank Ltd. reported Q1 FY25 net profit rose 18.3% year-on-year to ₹1,009.53 crore. Net advances rose to ₹2,20,806.41 crore, from ₹1,83,487.41 crore in the year-earlier period. Gross NPA at the end of Q1 FY25 was ₹4738.35 crore, which as a percentage to Gross Advances was 2.11%, while net NPA and as a percentage to net advances was ₹1330.44 crore …

Crore Yoy Net Profit Fy25 Net Federal Bank Fy25 Net Profit
Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat
5 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat

News 18  

Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank said on Saturday reported an 81 per cent surge in its standalone net profit to Rs 6,250 crore for the April-June 2024 quarter. Kotak Mahindra Bank’s standalone net profit, excluding subsidiaries, had stood at Rs 3,452 crore rupees in the corresponding period last year. Kotak recorded “exceptional” income of Rs 3,520 crore …

Mahindra Kotak Kotak Mahindra Bank
Essel Group's Shirpur Gold Refinery, NCLT Initiates Insolvency Proceedings Following ₹92 Crore Default
5 months, 3 weeks ago

Essel Group's Shirpur Gold Refinery, NCLT Initiates Insolvency Proceedings Following ₹92 Crore Default

Live Law  

Subhash Chandra-promoted Essel Group's Shirpur Gold Refinery Limited has been admitted for corporate insolvency resolution following an application filed by Prudent ARC at the Mumbai bench of the National Company Law Tribunal. However, the NCLT observed that the account's classification as NPA was a valid date of default for initiating insolvency proceedings. The NCLT referred to the judgment of the …

Insolvency Loan Date Limited Default Insolvency Proceedings Adv
Court Under Section 9 Of A&C Act Can Punish For Disobedience Of Its Order, Power Akin To Order 39 Rule 2A Of CPC: Calcutta High Court
7 months, 3 weeks ago

Court Under Section 9 Of A&C Act Can Punish For Disobedience Of Its Order, Power Akin To Order 39 Rule 2A Of CPC: Calcutta High Court

Live Law  

The High Court of Calcutta has held that the Court under Section 9 of the A&C Act can punish for the disobedience of its order. Thereafter, the petitioner approached the Commercial Court under Section 9 of the A&C Act seeking refund of the encashed amount and also restraining the respondent from acting on notice of invocation in respect of the …

High Court Court Bank Commercial Writ Order Held