Income Tax department will help the banks resolve bad loan issues and Commissioners of Income Tax has approved of the same in public interest The top 30 non-performing assets (NPAs) of state-owned banks account for 40.2 per cent of their gross bad loans According to available data, NPAs of state-owned banks rose by 28.5 per cent to Rs.2.36 lakh crore in September last from … [Read more...] about I-T Dept. asked to Share Wealth Details of Defaulters with Banks
Non Performing Assets (NPAs)
JLF and CAP – Measures to Reduce Non-Performing Assets
Measures to reduce Non-Performing Assets Rising Non Performing Assets (NPAs) has been a big challenge for RBI .To reduce NPAs, recently RBI issued a set of guidelines, which suggested forming of Joint Lenders’ Forum (JLF) and adoption of Corrective Action Plan (CAP). The set of guidelines are as follows: Shareholders have to bear the first loss rather than debt … [Read more...] about JLF and CAP – Measures to Reduce Non-Performing Assets