Tag: NPA
RBI reiterates its stand on Stressed Assets as per Revised Framework on Resolution of Stressed Assets dated 12.02.2018 According to the press release issued by the RBI, there have been some media reports about the stance of the Reserve Bank of India with regard to the Revised Framework …
Profit, losses, GNPAs of Public Sector Banks Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. …
RBI grants Relief to MSME Borrowers registered under GST from NPA classification due to adverse impact of GST formalities Presently a loan account is classified as Non-Performing Asset (NPA) by banks/NBFCs based on 90 day and 120 day delinquency norms, respectively. According to press release of Reserve Bank of …
Banks to disclose to Stock Exchamges NPA/Provisioning difference with as assessed by RBI if exceeds 15% of published net profits after tax/incremental Gross NPAs Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD/80/2017 July 18, 2017 To All banks which have listed specified securities All recognized stock exchanges Dear …
NPA interest write off-Income Tax Act to override NHB Act. Deduction for past due interest to be based on 6 months u/s 43D read with Rule 6EB-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1284 (2017) (07) HC The Grievance: The Petitioner company had filed the present petition …
NPAs shows declining trend in last quarter of current financial year. Main defaulter are few large corporates in steel, power, infrastructure & Textile Sector Ministry of Finance Press Release (PIB) 15-March, 2017 FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter …
Substandard NPA loan period relaxed by further 30 days in addition to 60 days provided due to demonetisation for term loans cash credit of 1 crores or less Reserve Bank of India Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances RBI/2016-17/198 DBR.No.BP.BC.49/21.04.048/2016-17 December …
