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Category : NPA
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RBI introduces RED FLAG to clamp down on loan frauds
Posted Date : 08-May-2015 , 08:15:20 am | Posted By CASANSAAR
With fund diversion by corporates and non-performing assets (NPAs) of banks on the rise, the Reserve Bank of India (RBI) has decided to introduce the concept of a Red Flagged Account (RFA) in a bid to minimise frau risks.
An RFA account is one where a suspicion of fraudulent activity ...
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Banks gross NPA ratio rises to 4.45% from 4.1% in 1 year: RBI
Posted Date : 07-May-2015 , 08:24:25 am | Posted By CASANSAAR
The banking sector's asset quality woes further worsened in the last one year, with gross non-performing asset (GNPA) ratio inching to 4.45 per cent as on March 15 this year, as compared to 4.1 per cent in March 2014, according to the latest data released by the Reserve Bank of India (RBI).
H...
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FinMin discusses 85 large proj, NPAs with RBI, banks
Posted Date : 28-Apr-2015 , 08:51:12 pm | Posted By CASANSAAR
In an effort to help banks facing asset quality woes and to revive investments in the critical infra sector, the government today discussed 85 large projects entailing Rs 3.51 lakh crore in outstanding bank credit.
After a specially-convened meeting at the RBI headquarters, Financial Services Sec...
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Centre, RBI can look into NPAs of nationalised banks : Bombay High Court
Posted Date : 18-Mar-2015 , 08:37:09 am | Posted By CASANSAAR
The Centre and Reserve Bank of India are competent to look into the non-performing assets of nationalised banks, said Bombay High Court while dismissing a public interest litigation last week. The PIL had sought a probe by Central Bureau of Investigation into the fraudulent grant of loans ...
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Total NPAs of banks increase to Rs 3,00,611 crore
Posted Date : 14-Mar-2015 , 08:44:39 am | Posted By CASANSAAR
The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth.
Of the total NPAs, Rs 2,62,402 crore belonged to nationalised banks, Rs 38,209 belonged to pri...
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RBI issues new norms for sale of bad loans (NPA)
Posted Date : 12-Mar-2015 , 08:48:30 am | Posted By CASANSAAR
In a boost to banks, which are facing rising asset quality issues, the Reserve Bank of India, on Wednesday, allowed such lenders to reverse the excess provision on sale of bad loans to their profit and loss account, provided the transaction took place before February 26, 2014.
The central bank ...
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Top 10 borrowers account for Rs 28K cr of PSU banks' NPA
Posted Date : 11-Mar-2015 , 08:20:35 am | Posted By CASANSAAR
The top 10 borrowers account for Rs 28,152 crore of non performing assets (NPAs) of the state-owned banks,Parliament was informed today.
As many as 433 borrowers have taken loans of over Rs 1,000 crore and above amounting to Rs 16.31 lakh crore, Minister of State for Finance Jayant Sin...
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