non-performing assets

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    Insolvency Code Amendments Boost Banking Health

    New Delhi, March 30 Finance and Corporate Affairs Minister Nirmala Sitharaman stated in the Lok Sabha on Monday that the Insolvency and Bankruptcy Code (IBC) has been a key and very important factor in improving the health of the country's banking sector, including the recovery of non-performing...
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    Credit Guarantee Scheme for MFIs to Aid Liquidity

    Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...
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    Funding Support for MFIs: Govt Announces Credit Scheme

    Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...
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    Gurugram Land Parcel Offered for NPA Recovery

    Mumbai, March 17 State-owned Punjab National Bank on Tuesday invited bids to sell the non-performing assets (NPAs) of Rolta Pvt Ltd, worth Rs 450.85 crore.The NPAs consist of a land parcel and building in Gurugram, Haryana, measuring approximately 7,800 sq m. The reserve price for the asset...
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    Reliance Finance Firms Linked to ₹16 Billion Fraud Case

    New Delhi, March 12 – The Enforcement Directorate said on Thursday that it has attached another group of properties, worth more than ₹581 crore, belonging to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), both part of the Anil Ambani group.An order was...
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    Reliance Group Assets Linked to Financial Investigation

    New Delhi, March 12 The Enforcement Directorate said on Thursday that it has attached fresh assets worth more than ₹581 crore as part of its investigation against RHFL and RCFL, companies of Reliance Group Chairman Anil Ambani.A provisional order was issued under the Prevention of Money...
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    Reliance Group's Asset Attachment Total Crosses ₹16,310 Crore

    New Delhi, March 12 The Enforcement Directorate said on Thursday that it has attached fresh assets worth over ₹581 crore belonging to RHFL and RCFL, companies of Reliance Group Chairman Anil Ambani.An order was issued on March 11 to attach land parcels in Goa, Kerala, Karnataka, Punjab, Tamil...
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    RBI Slaps Monetary Penalties on Maharashtra, CSB, and Other Banks

    Mumbai, February 13 The Reserve Bank of India (RBI) imposed monetary penalties on Bank of Maharashtra, DCB Bank, and CSB Bank on Friday for non-compliance with directions.The central bank imposed a fine of Rs 32.50 lakh on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on...
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