Non-performing loan Current Affairs, GK & News
PM SVANidhi Scheme: 1.6% loans from private sector
The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021. Of this, eighteen lakh loans were provided by the Public Sector Banks. On the other hand, the private sector banks have provided only 32,534 loans. Bottom line, ..
Month: Current Affairs - April, 2021
Category: Government Schemes Current Affairs
Topics: COVID-19 • lock down • Non-performing Asset • Non-performing loan • PM SVANidhi • PM SVANidhi Scheme • Public Sector Banks • Street Vendors
Finance Minister launches eBkray; an e-auction platform
On December 29, 2019, Finance Minister Nirmala Sitaraman launched “eBkray” to enable online auction of assets owned by banks. eBkray is an online portal that will act as a common platform to buy and sell assets through auction. Highlights The platform has property search features. It also has navigational links to the auction sites that ..
Topics: Auction • eBkray • Financial stability • financial stability report • Non-performing loan • NPA • Online banking • Online payments
Public Asset Reconstruction Agency
The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the Non-Performing Assets (NPA) of public sector banks in India and to deal with the recovery of the bad loans. This agency has been proposed in Economic Survey 2016-17. The main function of PARA would be to take ..
Topics: Bad Bank • Bank • Banking • Bond • Debt restructuring • Economy • Finance • Financial crises • Money • Non-performing loan • Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
India ranked 5th on a list of countries with highest Non-performing Assets (NPA) levels
India has been ranked 5th on a list of countries with highest Non-performing Assets (NPA) levels and is on top spot among the BRICS nations, according to latest report by CARE Ratings. The NPA list is topped by Greece (36.4%) followed by Italy (16.4%), Portugal (15.5%) and Ireland (11.9%). All these countries, along with Spain, ..
Topics: BRIC • BRICS • Foreign relations • Foreign relations of Brazil • Foreign relations of China • Foreign relations of India • International Relations • Non-performing loan • Piigs • Politics by country
Gross Non-Performing Assets of PSU banks touch over 6 lakh crores
The government has said that the Gross Non-Performing Assets (NPA) of public sector banks as of September 2016 has touched nearly six lakh thirty thousand crore rupees. The total number of NPA accounts in the country is around 66 lakh 40 thousand. To tackle the menace of NPAs, the government has taken sector specific measures ..
Topics: Credit • Economy • Finance • Loans • Money • Non-performing loan • NPA