China's economy at risk with banks witnessing rise in non-performing assets

Jul 27, 2022

Beijing [China], July 27 : Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the...

RBI asks banks to ensure automation of NPA identification

Sep 14, 2020

Mumbai (Maharashtra) [India], Sep 14 : The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems...

SCBs see a sharp drop in NPA ratio, falling to 2.67% in June 2024 from 11.18% in March 2018: FinMin

Dec 14, 2024

The gross nonperforming assets (NPA) ratio for scheduled commercial banks (SCBs) witnessed a significant reduction to 2.67 percent in June 2024 from 11.18 percent...

Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala Sitharaman

May 30, 2024

Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor...

China scrambles to defuse anger over frozen bank accounts

Jul 18, 2022

Hong Kong, July 18 : To address rising public anger over frozen deposits at some rural banks in the country, the Chinese bank regulator...

ABG Shipyard fraud detected faster than usual, says Finance Minister

Feb 14, 2022

New Delhi [India], February 14 : Union Finance Minister Nirmal Sitharaman on Monday said the lending by a consortium of banks to ABG Shipyard...