Non-performing assets (NPAs) News
Referring to a recent study, he said the total cost of projects initiated by the corporate sector has come down to Rs 0.95 lakh crore (Rs 95,000 crore) in 2015-16 from Rs 5.6 lakh crore in 2009-10.
The survey said Jio's pricing scheme "forced incumbent telecom firms" to cut voice call rates and cost of 1 GB data to average USD 1.9 during January-March 2017.
The Insolvency and Bankruptcy Code will help in protecting creditor interest in the sense that a start-up firm that gets insolvent can be wound up on a fast-track basis within 90 days.
The board of directors at a meeting held today approved sub-division of one equity share into five -- in the ratio of 1:5 - it said in a regulatory filing.
NIM, a key parameter to gauge profitability of a bank, expanded to 3.7 percent during the reported quarter from 3.6 percent in preceding quarter March 2017.
Gross non-performing assets (NPAs) of the bank rose to 7.21 percent, from 6.97 percent a year ago. Net NPAs however came down to 4.05 percent of net advances from, 4.48 percent.
The government in May promulgated an ordinance authorising the Reserve Bank to issue directions to banks to initiate insolvency resolution process in case of loan default.
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