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  Government giving top priority to addressing bad loans issue, says Arun Jaitley

  April 25, 2017 14:56 IST

  He said that the magnitude of the NPAs problem was that essentially it was about 20 to 30 big accounts.

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  RBI issues new framework to cut bad loans

  April 15, 2017 9:56 IST

  The revised PCA framework is applicable to all banks, including small and foreign banks.

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  Bad loans: Supreme Court seeks list of corporates which owe more than Rs 500 cr

  January 03, 2017 22:56 IST

  The Supreme Court today once again rued Centre over rising bad loans and asked the government to give the list of corporate entities against whom outstanding loans were in excess of Rs 500 crore.

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  Submit details of recovery cases filed by banks in last 10 years: SC asks Centre

  January 03, 2017 13:54 IST

  The Supreme Court today sought more clarity from the Centre on the issue of tackling bad loans and asked if the present infrastructure is well-equipped for recovery of debts.

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  Axis Bank Q2 profit nosedives 83.4 pc on bad loan provisions of Rs 3,623 crore

  October 25, 2016 18:45 IST

  The third biggest private moneylender in the country Axis Bank witnessed an unanticipated drop of 83.4 percent in its profit after tax (PAT) for the September quarter on a sharp ascent in bad loans. The

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  Banks' bad loans may rise to 8.5 per cent of assets by March 2017: RBI

  June 28, 2016 20:37 IST

  Mumbai: Gross non-performing assets (GNPAs), or bad loans, of commercial banks may rise to 8.5 per cent of total assets by March 2017, from 7.6 percent in March 2016, the Reserve Bank of India (RBI)

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  Post meeting with PSBs, Arun Jaitley hints at more power to banks to fight bad loans

  June 06, 2016 17:50 IST

  New Delhi: After the quarterly performance review meeting with the heads of public sector banks on Monday, Finance Minister Arun Jaitley hinted on measures to further empower state-run banks to help them affectively tackle the

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  SBI reports 66 pc drop in net profit as bad loans rise to all-time high

  May 27, 2016 13:43 IST

  State Bank of India has reported a 66.35 per cent year-on-year drop in net profit to Rs 1,260 crore for the quarter ending March 31, 2016, down from Rs 3,742 crore recorded in the corresponding quarter in the previous year.

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  At Rs 5,367cr, PNB posts biggest ever loss in Indian banking history

  May 18, 2016 16:28 IST

  Creating history of sorts, state-run Punjab National Bank has posted a loss of Rs 5,367 crore for the quarter ending March 2016, making it the biggest ever quarterly posted by an Indian bank in the industry.

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  Bad loans: Improvement in steel, highways, power sector will make situation better, says Jaitley

  May 16, 2016 17:26 IST

  New Delhi: Finance Minister Arun Jaitley had some reassuring words on NPAs on Monday when he said bad loans have reached the peak and expressed confidence that situation will get better with improvement in six

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  Compliance to norms a must: RBI’s message to Ola, Uber, other taxi apps

  May 08, 2016 8:37 IST

  New Delhi:Asserting that taxi hailing apps such as Ola and Uber must comply with its norms, the RBI said on Saturday it is not a “paper tiger” and will enforce all regulations irrespective of whether

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  In dock over Rs 9,000cr bad loans, Vijay Mallya quits as Rajya Sabha member

  Politics | May 03, 2016 18:56 IST

  Facing a string of accusations ranging from money laundering to loan fraud, beleaguered industrialist Vijay Mallya today tendered his resignation as a member of the Rajya Sabha.

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  Vijay Mallya says he is in ‘forced exile’, has no plans to return to India: report

  April 29, 2016 15:08 IST

  In an interview to UK’s leading business daily Financial Times, Mallya, who appeared unfazed by the developments around him back home, further said that he has no plans to leave the UK, where he says he is in “forced exile”.

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  Government committed to bring back Vijay Mallya to face justice, says government

  April 22, 2016 18:29 IST

  The government today reaffirmed its commitment to bring back beleaguered industrialist Vijay Mallya to face the law of the land. Ind an indication that the government was looking to toughen its stand on Mallya, the government said it was undertaking

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  Twin blow for Mallya: MEA suspends passport, ED seeks non-bailable warrant

  April 15, 2016 20:38 IST

  The Ministry of External Affairs has suspended the passport of beleaguered industrialist Vijay Mallya. The move follows Mallya’s no-show for the third time to summons issued by the Enforcement Directorate in connection with the Rs 900 crore loan that

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  Vijay Mallya may offer Rs 6,000 crore as revised settlement to banks

  April 14, 2016 16:34 IST

  New Delhi: Beleaguered industrialist Vijay Mallya who is faced with the threat of having his passport revoked, may make a revised settlement offer of Rs. 6000 crore to the banks against the due he owes

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  Vijay Mallya effect? Directors at over 1,000 listed cos linked to wilful defaulters

  April 13, 2016 17:18 IST

  at least 1,219 Directors who serve on boards of listed companies also serve in the same capacity at companies which have been declared as wilful defaulters

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  Rs 900 cr loan to Mallya: ED probing why IDBI ignored Kingfisher’s negative rating

  March 23, 2016 16:27 IST

  Two internal notes by the IDBI Bank, which lent Rs 900 crore to beleaguered liquor baron Vijay Mallya in March 2009, indicate a marked difference in the bank’s stance on the grant of loan.

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  Mallya effect: Govt tells PSBs to sell guarantors’ assets if firms don't repay debt

  March 19, 2016 16:17 IST

  The government has now directed all government-owned banks to immediately invoke personal guarantees of promoter directors and reco

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  Mallya a ‘Congress' baby’; UPA forced SBI to provide Rs 3,100 cr loan: BJP

  Politics | March 14, 2016 18:17 IST

  the BJP has said that the industrialist was a "Congress' baby" and that the previous UPA dispensation helped him by forcing a bank to provide a loan of Rs 3,100 crore despite his company's poor finances