Bad Loans
PNB to sell NPAs valued above Rs 540 cr
Punjab National is planning to offload non-performing assets (NPAs) aggregating Rs 548 crore to minimize portfolio of bad loans and improve financial profile.
The public sector lender is planning to sell its 54 NPAs (accounts) located in Ahmedabad, Chennai, Delhi, Jodhpur, Kolkata, Kozikode, Meerut, Mumbai and Nagpur.
“We want to realize value by selling these NPAs and [...]
Fox’’s Rs 100 cr Bollywood dream
It’’s the season of mega movie deals as Fox Star Studios reportedly buying the marketing and distribution rights for Shah Rukh Khan-Kajol starrer My Name is Khan for around Rs 100 crore. The film is directed by Karan Johar and this is set to create a record ahead of its release early next year.
This makes [...]
SBI examining options to increase provision on bad loans
According to State Bank of India, its provisions on bad loans are sufficient but the cover is likely to increase according to the requirement.
SBI has a provision coverage ratio (PCR) of 38.72 per cent. This being far below the industry average, the Reserve Bank of India (RBI) had recently asked the lender to increase the [...]
