Non performing assets

Will the second wave of COVID, new state-level restrictions, add to the NPA’s banking problems?

The RBI announced a six-month deferment and a one-time restructuring for banks. This helped in avoiding huge increase in their non-performing assets (NPAs). A loan becomes an NPA if interest or principal is not repaid for a period of 90 days. The time when the Indian economy was trying to take out its second wind …

Will the second wave of COVID, new state-level restrictions, add to the NPA’s banking problems? Read More »

Exclusive : RBI to revoke fraudulent license-related license; Show cause notice

The banking regulator, the Reserve Bank of India (RBI), has issued a show cause notice before canceling the license of fraudulent Sambandh Finserve Pvt Ltd, as it has deteriorated beyond the regulatory minimum and financial condition in recent months Networth has deteriorated, two people directly familiar with the development. One of the individuals quoted above …

Exclusive : RBI to revoke fraudulent license-related license; Show cause notice Read More »

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