The hotels availed credit facility from banks for business purpose but diverted the same for their personal use
Speaking at the Dikshant Parade of the 72nd batch of the NPA, Rai also called for active work towards community policing initiatives for better engagement with the people.
For the full year 2020-21, BoM's standalone net profit jumped nearly 42 per cent to Rs 550.25 crore. I
The e-auction for these two accounts will take place on July 7, 2021.
The lender, in a notification, said it intends to sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on 100 per cent cash basis.
The case was booked against the company managing partners - Ramjee Adalla and Peddapati Padmavathi, and another person Santosh Yadav
Moratorium should be extended up to March 2022 on all EMIs of term loans as well as interest on cash credit accounts.
The soaring NPAs, despite several interventions like Dispute Resolution Tribunals, Asset Reconstruction Companies and Insolvency and Bankruptcy Code, now get another pill
During the quarter under review, net interest income rose 19 per cent to Rs 27,067 crore, from Rs 22,767 crore in the same period a year ago.
TSCAB has set a business target of Rs 15,000 cr for 2021-22 FY and had so far done business of Rs 11,300 cr, informed MD, Dr N Muralidhar
The bank had registered a net profit of Rs 105.52 crore in the year-ago period.
On a standalone basis, the country's second largest private sector lender by assets showed a 19.12 per cent rise in the post-tax profit at Rs 4,939.59 crore for the reporting quarter
The bank had said that a total of over Rs 18,551 crore of its Rs 1.69 lakh crore of advances were in some stress as of December 31, 2020.
Creation of actuarial credit risk reserve instead of a bad bank is a more feasible option
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