Tag: NPAs

Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 crore in FY21: RTI

NEW DELHI: Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response. The RTI query was filed by Nagpur-based Sanjay Thul seeking information on non-performing assets (NPAs) of state-run banks and bad loans write-off by PSBs in the last […]

Loan moratorium: RBI urges Supreme Court to lift order banning declaration of NPAs

NEW DELHI: The RBI Thursday urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders, saying it is facing difficulty due to the directive. In a relief to stressed borrowers who are facing […]

Accounts not performing due to delay won’t be labelled NPAs: Centre

NEW DELHI: The government of India (Centre) has informed the Supreme Court that accounts becoming non-performing due to bank’s or any other delay need not suffer the label of Non-Performing Assets (NPAs). The Centre said concerns have also been expressed regarding possible downgradation of loan accounts from standard to NPAs and consequent impact on ratings. […]

Don’t declare any account not in default till August 31 as NPA: Supreme Court

NEW DELHI: In an interim relief to borrowers, the Supreme Court on Thursday directed banks not to declare loan accounts, which were not under default till August 31, as non-performing assets (NPAs), until further orders. A bench comprising Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah said: “At the request of Tushar Mehta, Solicitor […]

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