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Updated : 1 month, 2 weeks ago IST
CIBIL data also shows that ECLGS borrowers had lower non-performing asset rates than enterprises that were eligible for ECLGS but did not avail of it
Updated : 1 month, 3 weeks ago IST
The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part of Aatmanirbhar Bharat initiative to support eligible Micro, Small and Medium Enterprises (MSMEs) and business enterprises
The state-run bank said its interest income went up 12.61 per cent to Rs 2,107 crore from Rs 1,871 crore in the corresponding quarter the previous year
The bank said the average current account and savings account (CASA) ratio was 44.6 per cent during the reviewed quarter
Updated : 1 month, 4 weeks ago IST
The government has set a target of Rs 3,361 crore for revenue from operations, up by 18 per cent from the previous year's achievement, for 2022-23. According to a statement from the ministry of new and renewable energy, the government has also set various performance-related key parameters s
Updated : 2 months ago IST
The Bank also said consolidated advances grew 19.2 per cent to Rs 1,563,799 crore during the third quarter of 2022-23, against Rs 1,312,142 crore as on December 31, 2021. The bank shared the statement with exchanges on Saturday.
Updated : 4 months ago IST
The chargesheet was filed under the Prevention of Money Laundering Act (PMLA), 2002, in a case related to bank fraud wherein the total Non-Performing Assets (NPA) declared by the Bank of India was Rs 91.50 crore.
Kochi (Kerala) [India], November 14 (ANI/PNN): KLM Axiva Finvest, one of the leading Gold Loan NBFCs, announced its Q2 results for FY 22-23. The company posted a profit of Rs 15.51 crore in the second quarter of FY 22-23. The profit for the same quarter last year was Rs 9.03 crore. The PAT f
Updated : 6 months ago IST
New Delhi [India], September 21 (ANI) Gross non-performing assets (GNPAs) of banks are likely to decline by 90 basis points (bps) to 5 per cent this year and further improve to a decadal low of 4 per cent by March 31 next year, pushed by post-pandemic economic recovery and higher credit grow
Updated : 7 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): State Bank of India, the country's largest lender, on Friday said it has sold its non-performing asset loan account of KSK Mahanadi Power Company to Aditya Birla ARC Ltd for Rs 1,622 crore.
Updated : 7 months, 3 weeks ago IST
Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's econo
Updated : 8 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): India's second-largest private sector lender ICICI Bank on Saturday reported an improvement in its asset quality with gross non-performing asset (NPA) declining to 3.41 per cent as of June 30, 2022, as compared to 5.15 per cent recorded on the sam