Loans to ABG Shipyard turned NPAs prior to 2014: FM

Loans to ABG Shipyard turned NPAs prior to 2014: FM

[ad_1] Finance Minister Nirmala Sitharaman on Monday said the ABG Shipyard account turned NPA during the erstwhile UPA regime and the banks took lesser than normal time to detect the fraud perpetrated by the shipping firm.”…in this particular case with...
Bad bank to buy Rs 50,000 crore NPAs in first phase-

Bad bank to buy Rs 50,000 crore NPAs in first phase-

[ad_1] By Express News Service MUMBAI: Nearly a year after Finance Minister Nirmala Sitharaman announced it in the 2021 Budget, India’s first bad bank is set to go live. All regulatory approvals have been secured to set up the National Asset Reconstruction Company...