Mutual Fund or Bank deposit ?
[ad_1] The government is in favour of banks working closely with the non-banking financial companies (NBFCs) and fintech companies for co-lending and also push forward the digital route, an official said. Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial
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[ad_1] Kolkata: Central Bank of India, the latest lender to extricate itself from regulatory curbs, has set a target of reducing bad loans to the tune of ₹6,000 crore in the next three months to bring the gross non-performing assets ratio below 10%. The state-owned bank is carrying a gross NPA
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[ad_1] State-owned lender Central Bank of India has set a target of reducing bad loans to the tune of Rs 6,000 crore in the next three months in order to bring the gross non-performing assets ratio below 10%. The bank is carrying a gross NPA burden of Rs 29,000 crore, which
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[ad_1] Nearly Rs 5,000 crore of loans or 16.32 per cent of the total bank assets in Maharashtra under the Pradhan Mantri MUDRA Yojana to help small businesses are unpaid as of June 2022, as per official data. Parbhani district in the backward Marathwada region of Maharashtra has the highest
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[ad_1] managing director Atul Kumar Goel is very optimistic about the banking sector credit growth on the back of improved consumption demand and higher government spending in the capital-intensive sectors. He said was capital ready to lap up the growth opportunities and has set a target of growing
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[ad_1] managing director Atul Kumar Goel is gung-ho about the banking sector credit growth on the back of improved consumption demand and higher government spending in the capital intensive sectors. He aims to grow ’s lending portfolio by 10-12% this fiscal despite hardening of interest rates. In an exclusive
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[ad_1] Bombay Mercantile Co-operative Bank more than doubled its NPA recoveries to Rs 13.54 crore in the fiscal ended March 2022. In FY21, the bank's non-performing assets (NPA) recoveries stood at Rs 6.10 crore. FY22, the bank registered a profit of Rs 2.36 crore despite the impacts of two Corona
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[ad_1] The finance ministry held a review meeting with state-run lenders Tuesday and directed them to look at pushing credit growth. The meeting, chaired by financial services secretary Sanjay Malhotra, also took stock of the lenders' plans to reduce their non-performing assets. "There was also a review of banks' performance on
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[ad_1] The rate of loan default or NPA under the Emergency Credit Line Guarantee Scheme (ECLGS) introduced after the onset of the COVID-19 pandemic was 4.8 per cent as of March 2022, according to a report. The Non Performing Assets (NPAs) are higher in the services and infrastructure sectors, which
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[ad_1] Micro, small and medium enterprises who availed loans under the emergency credit line guarantee scheme (ECLGS) have exhibited good repayment behaviour with their bad loans ratio remaining lower than the industry average. The banking sector's NPA was at 5.9% at the end of March. The NPA rate at 4.8% for
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