non-performing assets (NPAs)
By Dr K Srinivasa Rao The recent roll-out of two sets of directions by the Reserve Bank of India, Transfer of Loan Exposures and Securitization...
Paving the way for a major clean-up of bad loans in the banking sector, the Cabinet recently cleared a guarantee programme for securities to...
It is a myth to assume that valuations are precise, one can only be less wrong
The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks' financial health.
During Question Hour, the Minister of State for Finance also said the Insolvency and Bankruptcy Code (IBC) has helped in the recovery of NPA (Non-Performing Assets).
Speaking about stressed assets, the governor said there is growing awareness and realisation among banks in dealing with NPAs
The bank had registered a net profit of Rs 192.43 crore in the corresponding period of the preceding financial year.
Total income of the bank fell to Rs 22,070.52 crore during October-December period of 2020-21 from Rs 23,134.67 crore in the year-ago quarter, Bank of Baroda said in a regulatory filing.
It, however, said net NPAs and credit provisions will subsequently trend lower in 2021-22 as banks have reported strong collections on their loan portfolio with most of them reporting collections of over 90 per cent.
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