Tag: NPA
Another Bank Fraud Of Rs 824 Crore Involving Chennai Jeweller
In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) has been accused of defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs 824.15 crore in the form of loans that have now been declared as non-performing asset (NPA).....
US IRS Sues Facebook For $9 Bn In Unpaid Taxes
The US Internal Revenue Service (IRS) has sued Facebook for $9 billion in unpaid taxes, alleging that the social networking giant undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.....
Most NPAs Originated In 2006-08, Banks To Blame: Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that a big number of non-performing assetes (NPAs) originated in 2006-08 when India's economic growth was strong while some banks proved inadequate in making proper due diligence....
RBI Looked The Other Way When Banks Lent Freely, Ran Up NPAs: Jaitley
Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming.....
Maharashtra Deal Gets CWC Nod
A day after the Congress and the Nationalist Congress Party (NCP) held series of marathon meetings, the grand old party held the Congress Working Committee (CWC) meet here on Thursday to discuss the talks with the NCP over its alliance with Shiv Sena in Maharashtra.....
Unpaid Protesting Delhi Doctors Threatened With Termination Notice
Unpaid for the last three months, the medical staff, including senior and junior doctors, and nursing staff of the East Delhi Municipal Corporation-run Swami Dayanand hospital have been threatened with termination of their services if they continue with their protest over pending salaries. ....
Navjot Sidhu Meets Sonia Gandhi, Rahul Gandhi As Punjab Infighting Worsens
Disgruntled Congress leader Navjot Singh Sidhu and Punjab Congress in-charge Harish Rawat on Friday reached at 10 Janpath to meet Sonia Gandhi. ....
11-time Maharashtra MLA Ganpatrao Deshmukh Dies At 95
India's second-longest-serving legislator and Peasants & Workers Party (PWP) senior leader Ganpatrao Deshmukh passed away following a brief illness at a private hospital here late on Friday, family sources said. ....
Delhi Excise Policy Case: ED Arrests Nair, Boinpally
The Enforcement Directorate (ED) on Monday arrested Aam Aadmi Party (AAP) media promotion in-charge Vijay Nair and businessman Abhishek Boinpally under the provisions of Prevention of Money Laundering Act (PMLA) in connection with an investigation into the Delhi Excise Policy scam. ....
It Is Duty Of Legislature: SC Turns Down Subramanian Swamy's Plea For Guidelines For NPAs
The Supreme Court on Thursday declined to entertain a plea by MP Subramanian Swamy seeking framing of guidelines to deal with the menace of NPA in the banking sector, saying, "It is the duty of the legislature" and a policy matter, which should be decided by the government and RBI. ....
