Bankers burning midnight oil to resolve Rs 3.8 trillion NPAs

The RBI circular came into effect on March 1 and the 180-day deadline concludes on August 27

from Business Line - Money & Banking https://ift.tt/2BL5ACH

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Big wilful defaulters’ dues to PNB drop to Rs 15,175 cr in July

The bank made a recovery from bad loans to the tune of Rs 7,700 crore in the first quarter

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Bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

There are reports that lenders have identified at least 60 NPA accounts worth Rs 3.5 trillion against whom bankruptcy proceedings will be initiated.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2BNgXK3

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PSU banks mulls closing 70 overseas office this fiscal

159 branches of PSBs are operating in foreign countries, of which 41 branches were in losses in 2016-17

from Business Line - Money & Banking https://ift.tt/2ocRZdE

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Big willful defaulters' dues to PNB drop to Rs 15,175 crore in July

New Delhi, Aug 26 () Liabilities of big willful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month, according the state-run's bank data.

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

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