bad loans

Rbi: Wilful defaulter norms in place since 2007: RBI – Times of India

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[ad_1] MUMBAI: The RBI on Tuesday clarified that it has not made any relaxations for wilful defaulters as it sought to address the heat and dust raised over its recent circular on compromise settlements with such borrowers. The regulator, through frequently asked questions (FAQs), said that provision for such compromise settlements have been in place … Read more

Central Bank of India profit jumps over 84% to Rs 571 crore in fourth quarter – Times of India

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[ad_1] MUMBAI: Central Bank of India has reported an 84.19 per cent jump in net profit at Rs 571 crore for the quarter ended March 2023 as bad loans fell. The Public sector bank’s net profit was Rs 310 crore in January-March 2021-22.“Operating profit has shown a growth of 16.27 per cent on a year-on-year … Read more