Major objectives of the study are to ascertain the gravity of problem about NPAs in India. Further this paper highlights the defaulting companies in this respect and threats emerging out of it. At the end the paper tells about the steps to be taken by the government and banks to revive ...
The net non-performing assets ratio of Kotak Mahindra Bank Limited was about 1.2 percent in financial year 2021. This came from over 17 billion Indian rupees of net NPA. Kotak Mahindra was one of the leading private sector banks across India. ...
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Economic slowdowns, recession, and slowdown in industrial growth lead to a decrease in demand for goods and services. This, in turn, affects the cash flows of companies, and they may default on their loans. Borrower default Borrowers may default on their loans due to various reasons such as ...
Hence, both RBI and Government have taken several measures since 2002, starting with setting up of Asset Reconstruction Companies (ARCs) for purchase of bad loans, making amendments in Corporate Debt Restructuring(CDR) mechanism after accepting recommendations of the Mahapatra Working Group, installing ...
Companies would have to repay loan with interest in timely installment whether profit or loss. When borrower fail to pay the EMI or installment on time then companies, businessmen and institutions loan account after 90 days considered as NPA. Loans considered as assets because these are generally ...
NBFCs are Non Banking Finance Companies engaged in Financing various activities . They are registered under Companies Act , 1956 and are also registered with Reserve Bank of India to carry financing activities .Their main functions can be categorized into :-- ...
Death by downgrade: India’s MSMEs risk going from moratorium to crematorium Arundhati Ramanathan 29 May, 20 RBI’s extended moratorium a triple whammy for NBFCs Arundhati Ramanathan 24 Feb, 20 Subprime primed for Home Credit’s India play Arundhati Ramanathan 01 May, 18 For small companies stru...
Union Bank of India Indian Bank have each picked up 13.27 per cent stake each in NARCL, PNB has bought 12.06 per cent Totaling in all 51.07 % Of the stake The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in the Bad Bank. The rem...
each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and ...