TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India's Public Sector Banks Report Rs. 6.3 Lakh Crore NPAs; New Recovery Measures and Tribunals Introduced.</h1> As of September 30, 2016, Public Sector Banks (PSBs) in India reported Gross Non-Performing Assets (GNPA) amounting to Rs. 6,30,323 crore across 66,40,942 accounts. In response to high NPAs in sectors like infrastructure, power, and textiles, the government has enacted the Insolvency and Bankruptcy Code and amended related financial recovery acts. Six new Debt Recovery Tribunals have been established to aid recovery. The Reserve Bank of India has introduced measures such as Corporate Debt Restructuring and the Strategic Debt Restructuring Scheme to address these issues, as stated by a government official in a parliamentary session.
TaxTMI 
TaxTMI 
