Punjab & Sind Bank back in black in Q4 with ₹161- cr profit

Confident of sustaining profits in each of the quarters this fiscal, says MD & CEO Krishnan from Business Line - Money & Banking https://ift.tt/34dV9...

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Covid-19: UK-based banks announce financial and medical support for employees in India

Barclays has introduced a new set of measures, including facilitating vaccinations from Business Line - Money & Banking https://ift.tt/3faTI...

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Stellar show: SBI net jumps 80% on strong interest income, lower provisions

“A definitive assessment of the impact of Covid-19 is dependent upon circumstances as they evolve in the subsequent period,” Khara said. However, he said the bank might register a credit growth of around 10% in FY22 as the bank's credit growth is normally 1% above India's GDP. from Banking & Finance – The Financial Express https://ift.tt/3yFOu...

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South Indian Bank back in black on lower provisioning

The asset quality deteriorated, with GNPA ratio seen at 6.97%, compared to 4.90% in the preceding quarter and 4.98% in the year-ago period. Net NPA ratio for Q4 was at 4.71%, against 2.1% in Q3 and 3.34% in Q4 of FY20. from Banking & Finance – The Financial Express https://ift.tt/3wk1I...

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Banks eye sureties of ₹1.8-lakh cr

Promoters of 42 firms face music from Business Line - Money & Banking https://ift.tt/3bKcN...

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SBI’s asset quality improves, but Covid may intensify pain in agri, corporate and SME portfolios

Any significant rise in slippages or restructuring from current levels can lead to rise in provisioning from Business Line - Money & Banking https://ift.tt/3fDnz...

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Conserving cash immediate objective of most MFI firms

Conserving cash is the immediate objective for most microfinance firms now with average collections dwindling to about 65%, making loan disbursements to grassroots borrowers their secondary goal. from Banking/Finance-Industry-Economic Times https://ift.tt/3u7hu...

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Exim bank eyes to raise $3 billion in FY22

Posts a 105% jump in net profit at ₹254 crore in FY21 from Business Line - Money & Banking https://ift.tt/3f81K...

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Shriram Life Insurance FY21 net profit at ₹106 crore

Gross premium increased by 23 per cent to ₹2,019 crore from Business Line - Money & Banking https://ift.tt/3bHEX...

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SaveIN raises undisclosed pre-seed funding from global, Indian investors

Will use funds to expand its market reach from Business Line - Money & Banking https://ift.tt/3wnJE...

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AIBEA says over 1,300 bank staff succumbed to COVID; urges IBA to issue weekly health bulletin

In a letter to the IBA, the union said it has been observed that even though the number of people infected under the second wave is increasing, the toll in the banking sector is much higher and also deaths. from Banking/Finance-Industry-Economic Times https://ift.tt/3yoTx...

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Allowing Wadhawan to present settlement offer could derail DHFL resolution process: RBI

The Central bank, in its affidavit to the NCLT , noted that Wadhawan is in judicial custody with proceedings against him on allegations of cheating, fraud, among others from Business Line - Money & Banking https://ift.tt/3ynDW...

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South Indian Bank posts net profit of nearly ₹7 crore in Q4

Bank has come up with a 3-year Medium Term Strategy from Business Line - Money & Banking https://ift.tt/2SZGj...

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RBI to transfer 73 per cent higher surplus to the government in FY21

After setting aside all the prescribed provision, the RBI board approved the transfer of Rs 99,122 crore as surplus to the Central Government for the accounting period of nine months ended March 31, 2021, while deciding to maintain the Contingency Risk Buffer at 5.50% at the lower end of the range of 5.5-6 per cent prescribed by the Jalan committee which reviewed RBI's economic capital framework. This is 73.5 higher than Rs 57128 crore surplus transfer made in FY'20. from Banking/Finance-Industry-Economic Times https://ift.tt/3hFJN...

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RBI board approves ₹99,122 cr surplus transfer to govt

This is 73.50 per cent higher vis-a-vis the ₹57,128 crore transfer approved in 2019-20 from Business Line - Money & Banking https://ift.tt/2QII2...

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SBI Q4 FY21 net profit up 80%

Net profit jumped to ₹6,451 crore from ₹3,581 crore in the same period in the previous year from Business Line - Money & Banking https://ift.tt/3c1mZ...

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RBI board approves transfer of higher surplus to government

This transfer is for the July 2020-March 2021 period: 73.5% higher than the ₹57,128 crore transfer approved in accounting year 2019-20 from Business Line - Money & Banking https://ift.tt/3fArq...

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Supreme Court's order on defaulter tycoons plugs an important bankruptcy loophole

Bankers are also hoping that the apex court's order clarifies important points like permission to attach personal assets of promoters even after a company has gone into liquidation. from Banking/Finance-Industry-Economic Times https://ift.tt/3v6QY...

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Supreme Court upholds IBC rules allowing personal bankruptcy cases on tycoons

from Banking/Finance-Industry-Economic Times https://ift.tt/2RsWb...

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Supreme Court allows personal bankruptcy cases on tycoons

The top court upheld the legal validity of the country’s law that allowed lenders to drag them into bankruptcy court. The two-judge panel headed by Justice L. Nageswara Rao said petitions challenging the law are dismissed. from Banking/Finance-Industry-Economic Times https://ift.tt/3oxWM...

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Union Bank of India mops up ₹1,447 cr via QIP issue

Committee of Directors approved the issue price of Rs 33.82 per equity share of Rs 10 each from Business Line - Money & Banking https://ift.tt/343S4...

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Sundaram Home Finance reports Rs 37-crore net in Q4

The net profit for the quarter ended March 31, 2020 included a one-time exceptional item of Rs 60 crore, on account of write back of deferred tax liability. H from Banking & Finance – The Financial Express https://ift.tt/2SYsN...

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HDFC Bank’s credit card base shrinks by 3L during Dec-Mar

According to data released by the central bank, the number of credit cards outstanding at HDFC Bank fell by about 3.23 lakh between December 2020 and March 2021 to 1.5 crore. from Banking & Finance – The Financial Express https://ift.tt/34grl...

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PSU bank employees to get small windfall as incentive

Unions had strongly opposed linking their salaries to the performance of the bank. Their position was that the financial performance depends on the government policies over which they have no control. from Banking/Finance-Industry-Economic Times https://ift.tt/3v6Ls...

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RBI mandate: Wallets, cards to be made interoperable

“It shall be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-compliant PPIs) interoperability through authorised card networks (for PPIs in the form of cards) and UPI (for PPIs in the form of electronic wallets),” the notification said. from Banking & Finance – The Financial Express https://ift.tt/3fF8x...

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Dec quarter saw rise in home loan delinquencies: CRIF High Mark

While housing finance companies (HFCs) faced 7.84% delinquencies, public sector banks saw 6.3% loans under stress during Q3FY21. from Banking & Finance – The Financial Express https://ift.tt/3ypT1...

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Equitas SFB offers NRIs online account opening facility

With this move, Equitas SFB is increasing opportunities for its NRI account holders to manage their investments, deposits and income earned in India. from Banking & Finance – The Financial Express https://ift.tt/33ZEW...

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‘We have a lot of experience from the last fiscal’

In Q3, we had taken the accelerated Covid provision of Rs 547 crore making the aggregate provision to Rs 1,029 crore at the balance sheet level. from Banking & Finance – The Financial Express https://ift.tt/3u6um...

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Government notifies rules with regard to amended insurance laws

"Total foreign investment in an Indian insurance company shall mean the sum total of direct and indirect foreign investment by foreign investors in such company, calculated in such manner as is specified in regulations made by the Authority (IRDAI) with regard to registration of Indian insurance companies," it said. from Banking/Finance-Industry-Economic Times https://ift.tt/2SdfE...

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Sundaram Home Finance Q4 net dips 55% to ₹36.6 cr

Disbursements were up 18 per cent to ₹459 crore from Business Line - Money & Banking https://ift.tt/3hEXj...

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RBI imposes penalty on City Union Bank, 3 other lenders

A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security Requirements. from Banking/Finance-Industry-Economic Times https://ift.tt/340Q9...

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Investors face losses amid outages in crypto bourses

Crash in price led to heavy transactions on the platforms from Business Line - Money & Banking https://ift.tt/3f4Zx...

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RBI imposes ₹1 cr penalty each on CUB and TMB

The Central Bank’s action is based on the deficiencies in regulatory compliance. from Business Line - Money & Banking https://ift.tt/3wqoq...

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Released liquidity may help banks to subscribe to G-Secs aggregating ₹32,000 cr at Friday’s auction

Market participants offered to sell seven G-Secs aggregating ₹1,21,696 crore from Business Line - Money & Banking https://ift.tt/2Sctj...

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Ensure FCRA accounts opened for NGOs within 10 days of MHA approval: Delhi HC to SBI

The Delhi High Court on Thursday directed the State Bank of India (SBI) to ensure it opens FCRA accounts for NGOs within 10 days of receiving approval from the Centre. from Banking/Finance-Industry-Economic Times https://ift.tt/3ysPM...

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Pension assets under management cross ₹6-lakh crore mark: PFRDA Chief

On track to achieve AUM of ₹30-lakh crore by the year 2030; PFRDA floats a request for proposal to appoint a consultant to design Minimum Assured Return Scheme from Business Line - Money & Banking https://ift.tt/3yoIr...

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Banks likely to transfer about 80 large NPA accounts to NARCL

Last year, the Indian Banks' Association (IBA) had made a proposal for the creation of a bad bank for swift resolution of non-performing assets (NPAs). The government accepted the proposal and decided to go for asset reconstruction company (ARC) and asset management company (AMC) model for this. from Banking/Finance-Industry-Economic Times https://ift.tt/2RBEl...

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Depositors’ body wants banks to take a cue from Govt and not cut deposit rates

Cautions that a negative real interest rate may hamper growth in the long run from Business Line - Money & Banking https://ift.tt/3f0IC...

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Government notifies final rules for 74% foreign investment in insurance sector

Rules expected to benefit 23 private life insurers, 21 private non-life insurers and 7 specialised private health insurance companies from Business Line - Money & Banking https://ift.tt/2S8yA...

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‘Active home loan borrower base grew 5% by December 2020 from year ago’

According to CRIF High Mark, 50 per cent of loans sourced in 2020 were in the last three months of the year from Business Line - Money & Banking https://ift.tt/33XtZ...

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NCLT asks DHFL lenders to consider Wadhawan’s offer

Bankers say since PCHFL’s resolution plan has been approved by majority of the lenders, it is unlikely that their decision will change. from Business Line - Money & Banking https://ift.tt/3u3ry...

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Bajaj Allianz Life to offer up to Rs 1 cr financial support to COVID impacted employees' families

Bajaj Allianz Life on Wednesday said it will offer financial support of up to Rs 1 crore to the family of its employees impacted by COVID-19. It will also extend the educational assistance to children, among others, to help the impacted families navigate through the pandemic. from Banking/Finance-Industry-Economic Times https://ift.tt/3hE3U...

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PSU banks ask for second restructuring window, lower provisions

In a video conference with RBI governor Shaktikanta Das CEOs of all 12 public sector banks were unanimous in their request for a second round of restructuring as the second wave of the Covid 19 pandemic has hit both lives and livelihoods more severely. from Banking/Finance-Industry-Economic Times https://ift.tt/3u7V9...

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MHA permits FCRA accounts to open account in SBI New Delhi

Account holders can’t recieve foreign contribution in any other account from Business Line - Money & Banking https://ift.tt/3v41N...

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PPIs issued by banks and non-banks should be interoperable by March 2022: RBI

Interoperability shall be mandatory on the acceptance side, says the central bank from Business Line - Money & Banking https://ift.tt/3tWKe...

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Kumbhat Financial to be taken over by 3 investors for ₹9 crore

The company will make a preferential issue of 90,00,000 equity shares on a private placement basis from Business Line - Money & Banking https://ift.tt/3ounC...

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Indiabulls Housing Finance Q4 net profit up 102%

However, revenue from operations declined 19.6 per cent to ₹2,371.71 crore from Business Line - Money & Banking https://ift.tt/3otCl...

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Shaktikanta Das asks PSBs to quickly implement measures announced by RBI

"He impressed upon the banks to quickly implement the measures announced by RBI recently in the right earnest. He also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets," the RBI said in a statement post the meeting held over video conference. from Banking/Finance-Industry-Economic Times https://ift.tt/3bDcU...

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Bounce rates of auto debit transactions rise in April

But limited lockdowns may mute impact from Business Line - Money & Banking https://ift.tt/3yk1M...

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Kotak Mahindra Bk arm buys 74% stake in HKR Roadways for 715 crore

The USD 1 billion KSSF is managed by Kotak Investment Advisors, which focuses on alternate assets business, and this funding and resolution of debt is the fund's first bet on the road sector. from Banking/Finance-Industry-Economic Times https://ift.tt/3wn0w...

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Q1 is challenging but we expect 3 good quarters this fiscal: Ujjivan SFB

Widespread infection and localised lockdowns have hit credit demand, says Nitin Chugh, MD and CEO from Business Line - Money & Banking https://ift.tt/3u1YV...

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NCLT directs DHFL's administrator to submit Kapil Wadhawan's resolution plan to lenders

DHFL went bankrupt with more than Rs. 90,000 crores in debt to various lenders including banks, mutual funds and individual investors who kept fixed deposits with the company. from Banking/Finance-Industry-Economic Times https://ift.tt/3eXWg...

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Collections likely to recover from next quarter onwards: Nitin Chugh, Ujjivan SFB

"As things stand right now, we do expect things to start normalising from July onwards and get three clear quarters in the year." from Banking/Finance-Industry-Economic Times https://ift.tt/3ynf1...

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IDBI Bank launches fully automated loan processing system

The facility is for the bank’s MSME and agriculture customers from Business Line - Money & Banking https://ift.tt/3osLs...

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KSSF acquires 74% stake in HKR Roadways

Has funded the debt in the company for a one-time settlement from Business Line - Money & Banking https://ift.tt/3eZDy...

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HSBC India’s digital banking for corporate customers

Single interface provides clients with a fully automated on-boarding solution from Business Line - Money & Banking https://ift.tt/2SRc3...

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Canara Bank's balance sheet strong despite pandemic situation: LV Prabhakar, MD & CEO

"Overall, taking into consideration the present pandemic situation, the balance sheet is very strong." from Banking/Finance-Industry-Economic Times https://ift.tt/33VD5...

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‘Extend Covid SOP to business correspondents, contract staff’

One can’t remain silent on their sufferings: AIBEA from Business Line - Money & Banking https://ift.tt/3wgRh...

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Dull Demand: Drop in commercial papers issuances points to slowing credit growth at banks

According to data released by the Reserve Bank of India (RBI), CP issuances were to the tune of Rs 89,576 crore in April 2021, lower than Rs 1.33 lakh crore in April 2020. Interestingly, April 2020 was a month of nationwide lockdown, in contrast to the smaller lockdowns currently in effect across states. from Banking & Finance – The Financial Express https://ift.tt/2RuWu...

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Canara Bank posts ₹1,065-cr Q4 profit; total income grows 55%

To fund distressed hospital and medical sector, bank has set aside ₹4000-4,500 crore from Business Line - Money & Banking https://ift.tt/3bBMJ...

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Bank of Baroda mulls hiring digital marketing agencies to strengthen brand, customer outreach

Bank of Baroda requires services of marketing agencies for overall digital marketing strategy, improving effectiveness of digital eco system, suggesting ideas as per requirement of the bank and well as doing analytics in the digital space among others, the bank said. from Banking/Finance-Industry-Economic Times https://ift.tt/3bzTs...

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Vijay Mallya loses bankruptcy petition amendment High Court battle in UK

The court handed down judgment in favour of the consortium of Indian banks. from Business Line - Money & Banking https://ift.tt/3oosJ...

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PayPoint partners with Digit General Insurance for health insurance to rural areas

The insurance covers pre-hospitalisation and post-hospitalization expenses along with road ambulance charges from Business Line - Money & Banking https://ift.tt/3eYlD...

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Passive Funds - Simple process driven and low cost investment option

from Banking/Finance-Industry-Economic Times https://ift.tt/3eYxT...

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Income Taxes: ICAI issues exposure draft of revised Accounting Standard

Stakeholder and public comments invited by June 10 from Business Line - Money & Banking https://ift.tt/3bCdZ...

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Standard Chartered announces COVID relief measures for 25,000 employees in India

The facilities, which also cover personnel handling global back office work, include reimbursements of up to Rs 2.5 lakh if an employee were to be admitted in an intensive care unit, interest free salary advance of up to six months' gross pay to cover medical expenses, and also paying four-times annual salary to the next of kin of a deceased employee, a statement said. from Banking/Finance-Industry-Economic Times https://ift.tt/3bxZR...

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Paytm empowers users in Kerala to pay their electricity bills 24x7

The financial services platform has partnered with over 70 electricity boards across the country from Business Line - Money & Banking https://ift.tt/3orJC...

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Credit Suisse to hire 1,000 techies in India

India accounts for nearly 25% of its global IT staff from Business Line - Money & Banking https://ift.tt/3uYi1...

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Current quarter seems to be quite challenging: Shyam Srinivasan, MD & CEO, Federal Bank

Provisioning is lower in Q4, because we have been provisioning significantly in the first three quarters without taking NPAs. As the NPA recognition came through in March, it shifted from standard asset provision to credit provision. from Banking & Finance – The Financial Express https://ift.tt/3uQLH...

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Expect to grow loan book by 30% for next few years: Manoj Viswanathan, MD & CEO, Home First Finance

We plan to grow our loan book by 30% annually for the next few years. We think that Covid-19 disruption is going to be temporary. from Banking & Finance – The Financial Express https://ift.tt/2SNlb...

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RBI bulletin: ‘Demand shock biggest toll of second Covid wave’

Nevertheless, the loss of growth momentum is not as severe as at this time a year ago, when the country had witnessed a Covid-induced lockdown, it said. In the absence of several high-frequency data for April-May, this assessment, however, is tentative at this stage, it added. from Banking & Finance – The Financial Express https://ift.tt/3by7o...

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In ‘no rush’ to become an small finance bank: Fino Payments Bank

The bank will decide on converting itself into an SFB after the Reserve Bank of India comes up with the specific guidelines and the overall banking ecosystem, especially the asset side, stabilises. from Banking & Finance – The Financial Express https://ift.tt/3eWFI...

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Federal Bank reports highest-ever quarterly net profit of Rs 477.81 crore

“We have been provisioning significantly in the first three quarters without taking NPA. As the NPA recognition came through in March, it shifted from standard asset provision to credit provision,” Shyam Srinivasan, MD & CEO of Federal Bank, said. from Banking & Finance – The Financial Express https://ift.tt/3bydg...

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G-Secs: In Monday’s auction, RBI gets tepid response to conversion

Banks don’t seem too enthused to trade-in short-dated Government Securities from Business Line - Money & Banking https://ift.tt/3uU69...

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Securities & Appellate Tribunal says it can function without a technical member

But asks Finance Ministry to fill up post lying vacant for 2 years from Business Line - Money & Banking https://ift.tt/3tTVO...

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NBFCs survived first Covid wave but face second hurdle, says RBI

Among sectors NBFCs lend to, industrial sector, particularly micro and small and large industries, were the hardest hit by the pandemic as they posted decline in credit growth. However, NBFCs in the retail loan sector stayed ahead of the curve aided by their relatively low delinquency. from Banking/Finance-Industry-Economic Times https://ift.tt/3uYvU...

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Lockdown impact on NBFCs’ asset quality to be evident gradually: RBI

Incremental credit flows to the retail sector continued to increase from Business Line - Money & Banking https://ift.tt/3htlv...

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‘Second wave not a big blow to economic activity in first half of Q1’

Loss of momentum not as severe as it was last year, says RBI report from Business Line - Money & Banking https://ift.tt/3fqBP...

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Federal Bank Q4 net profit up 58.6%

For the full fiscal, the bank’s profits jumped 3.08% from Business Line - Money & Banking https://ift.tt/3tTJT...

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COVID: Bajaj Finserv launches assistance program for families of its deceased employees

The initiative is being rolled out across Bajaj Finserv and its companies -- Bajaj Finance, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Bajaj Housing Finance, Bajaj Finserv Health, Bajaj Financial Securities, Bajaj Finserv Markets and Bajaj Holdings & Investment. It will be effective retrospectively from April 1, 2020. from Banking/Finance-Industry-Economic Times https://ift.tt/2QmTe...

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Credit Suisse gives USD 1 million in COVID medical aid to India

The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday. from Banking/Finance-Industry-Economic Times https://ift.tt/3v6Iw...

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SBI’s New Delhi Main Branch opens 13,729 FCRA accounts

FCRA Act regulates acceptance and utilisation of foreign contribution by individuals, associations and companies from Business Line - Money & Banking https://ift.tt/33QVF...

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Dai-ichi Life Insurance Company appoints Abhay Tewari as MD & CEO

SUD LIFE is a joint venture of Bank of India, Union Bank of India and Dai-ichi Life Insurance Company Limited, Japan from Business Line - Money & Banking https://ift.tt/2SXit...

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Credit Suisse offers ₹7.5-cr additional aid to Concern India Foundation, GiveIndia

Fund to be used to procure critical medical supplies, oxygen and ICU equipment for hospitals treating Covid-19 patients from Business Line - Money & Banking https://ift.tt/3hJCr...

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NEFT upgrade: Service will not be available for about 14 hrs till 2 pm on May 23

RBI asks member banks to inform their customers to plan their payment operations from Business Line - Money & Banking https://ift.tt/3tQ1z...

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Article - 10 must-read books for every investor

from Banking/Finance-Industry-Economic Times https://ift.tt/2RTy8...

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Article - Taxation of International Mutual Funds

from Banking/Finance-Industry-Economic Times https://ift.tt/3flQT...

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Book Summary - The Atomic habit

from Banking/Finance-Industry-Economic Times https://ift.tt/3y9SX...

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Over half of FY21 Covid mediclaims filed in just six weeks

As of March 31, non-life companies including health insurers received 9.8 lakh claims for Rs 14,560 crore for treatment of Covid-19. This went up to 14.8 lakh as of May 14, 2021, for a total value of Rs 22,955 crore. from Banking/Finance-Industry-Economic Times https://ift.tt/3fr5a...

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Covid Kills Over 1,000 Bank Employees as Virus Ravages India

(Bloomberg) -- Indian banks have lost more than a thousand employees and many more are infected, according to an industry body, underscoring the heavy from Business Line - Money & Banking https://ift.tt/3hweK...

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Dollar fights for footing as Fed minutes eyed

Coronavirus outbreaks in Singapore and Taiwan, combined with easing commodity prices, saw the dollar marking modest gains from Business Line - Money & Banking https://ift.tt/3tRr4...

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We will have more opportunities when economy is opened up: CVR Rajendran, MD & CEO, CSB Bank

Gold loan will continue to be focus area for some more years. We are still a marginal player and my outlets are increasing. from Banking & Finance – The Financial Express https://ift.tt/3eSUs...

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Four SEBI senior officials in race to be whole-time members

Nagendraa Parakh, S Ravindran, Anand Baiwar and Amarjeet Singh are lead contenders for the post from Business Line - Money & Banking https://ift.tt/3w8Rd...

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IDBI- Sivasankaran deal raises hoped for other defaulting promoters

Former promoters of defaulting companies that are under the insolvency process can hope to take back control of their companies if the debt resolution from Business Line - Money & Banking https://ift.tt/3w9Fu...

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RBI raises concerns over dual microfinance regulation in Assam

During the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and operate within a laid down framework, should not come under the purview of the state-level Act. from Banking/Finance-Industry-Economic Times https://ift.tt/3eS1W...

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PNB raises ₹ 1,800 crore via QIP offering

Issues 53.33 crore shares at ₹ 33.75 per share from Business Line - Money & Banking https://ift.tt/3uU07...

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Covid-19 takes a toll on low-income group’s capacity to buy home

In FY21, both in number and value terms, it had dropped 27 per cent 14 per cent, respectively. from Business Line - Money & Banking https://ift.tt/3fmQ6...

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Govt may amend DICGC Act in monsoon session to provide timely service to ailing bank depositors

Once the Bill becomes the law, it will provide immediate relief to thousands of depositors who had their money parked in stressed lenders such as PMC Bank and other small cooperative banks. from Banking/Finance-Industry-Economic Times https://ift.tt/33MuZ...

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SBI to sell three NPA accounts next month for recovery of over Rs 235 cr

Has placed Heavy Metal and Tubes Ltd, Khare and Tarkunde Infrastructure Pvt Ltd, Elize International Ltd for sale from Business Line - Money & Banking https://ift.tt/2SStx...

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SBI to sell three NPA accounts next month for recovery of over Rs 235 crore

In terms of the bank's policy on sale of financial assets, in line with regulatory guidelines, SBI said it has placed Heavy Metal and Tubes Ltd, Khare and Tarkunde Infrastructure Pvt Ltd and Elize International Ltd for sale to recover a total of Rs 235.32 crore. from Banking/Finance-Industry-Economic Times https://ift.tt/3tOGc...

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