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PSU banks put Rs 25,000 crore NPAs onsale

Thursday, October 3, 2019, 4:22 PM

Frustrated by delays in the resolution process under the insolvency law, a clutch of state-owned lenders sought to sell bad loans worth Rs 25,000 crore in the three months to September. Lenders have been losing money in cases awaiting a decision in the National Company Law Tribunal (NCLT) or the appellate tribunal or even in the Supreme Court with the process dragging on.
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PSBs gross NPAs down to Rs 7.9 lakh crore: FM Nirmala Sitharaman

Friday, August 30, 2019, 5:21 PM

Finance Minister Nirmala Sitharaman on Friday said the profitability of public sector banks has improved and total gross non-performing assets have come down to Rs 7.9 lakh crore at end-March 2019 from Rs 8.65 lakh crore at end-December 2018. She also said liquidity support to NBFCs and housing finance companies has improved as the partial credit guarantee scheme has been executed.
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Sectoral policy intervention in works, no fiscal stimulus

Sunday, August 18, 2019, 4:32 PM

The Finance-Ministry is holding back-to-back discussions with the Prime Minister's office and the RBI to come out with a sectoral policy-package at the earliest but sources rule out any fiscal stimulus having direct revenue implications. There will be relief to the sectors in stress through policy interventions like for the auto-sector, the industry's demand for separate refinance window under the RBI is being discussed.

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