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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
Budget 2023: I belong to middle-class family, understand their pressure, says Sitharaman
1 year, 11 months ago

Budget 2023: I belong to middle-class family, understand their pressure, says Sitharaman

India TV News  

Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them. Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the …

Budget Middle Class Sitharaman Npa Lakh Crore
Bad bank to kick off NPA takeover in July
2 years, 6 months ago

Bad bank to kick off NPA takeover in July

The Hindu  

The National Asset Reconstruction Company Ltd., set up to take over large bad loans of more than ₹500 crore from banks, will pick up the first set of such non-performing assets in July, the Finance Ministry said on Monday. The NARCL, which will acquire the bad loans from banks, and the India Debt Resolution Company Ltd. - which will then …

Set Narcl Npa Takeover
FM defends time taken to file fraud complaint in ABG Shipyard
2 years, 10 months ago

FM defends time taken to file fraud complaint in ABG Shipyard

Deccan Chronicle  

New Delhi: Finance Minister Nirmala Sitharaman on Monday defended five years taken to file the first fraud complaint in the Rs 22,842 loan default by Gujarat-based ABG Shipyard, saying the time taken to detect the fraud was less than normal. Asserting that a bank follows a certain process to declare an account fraud, Sitharaman said banks almost take 52-54 months …

India Board Fraud Budget Congress Bank Minister
ABG Shipyard fraud detected faster than average time in such cases, says Nirmala Sitharaman
2 years, 10 months ago

ABG Shipyard fraud detected faster than average time in such cases, says Nirmala Sitharaman

Firstpost  

Asserting that a bank follows a certain process to declare an account fraud, Sitharaman said banks almost take 52-54 months to complete intensive work before a decision is taken New Delhi: Finance Minister Nirmala Sitharaman on Monday defended five years taken to file the first fraud complaint in the Rs 22,842 loan default by Gujarat-based ABG Shipyard, saying the time …

Finance India Board Fraud Budget Congress Bank
‘ABG Shipyard fraud detected faster than average time in such cases’ - FM
2 years, 10 months ago

‘ABG Shipyard fraud detected faster than average time in such cases’ - FM

The Hindu  

Finance Minister Nirmala Sitharaman said that the Opposition has put its foot on the proverbial axe by raising a hue and cry about the biggest banking fraud of ₹22,842 crore perpetrated on banks by ABG Shipyard, stressing that the account had turned into a non-performing asset in November 2013 while the UPA was in power. While it normally takes 52 …

Fraud Bank Cbi Banks Sitharaman Detect Npa