Gross non-performing assets (NPAs) improves from 11.33% in FY 2017-18, to 13.52% in FY 2018-19, to 14.69% in FY 2019-20

Gross non-performing assets (NPAs) improves from 11.33% in FY 2017-18, to 13.52% in FY 2018-19, to 14.69% in FY 2019-20 https://www.taxtmi.com/news?id=25252 Authorities and banks pursue recoveries through civil suits, Debts Recovery Tribunals, SARFAESI actions, insolvency proceedings under the Insolvency and Bankruptcy Code, and sale of NPAs, following RBI guidance. Enforcement measures against wilful defaulters include asset attachment under the Prevention of Money Laundering Act with restitution to banks, prohibition of additional banking facilities, five year restrictions on new ventures, debarment from capital market fundraising, and exclusion from insolvency resolution processes. en-us Mon, 28 Mar 2022 18:19:45 +0530 Mon, 28 Mar 2022 18:19:45 +0530 TaxTMI RSS Generator Gross non-performing assets (NPAs) improves from 11.33% in FY 2017-18, to 13.52% in FY 2018-19, to 14.69% in FY 2019-20 https://www.taxtmi.com/news?id=25252 Authorities and banks pursue recoveries through civil suits, Debts Recovery Tribunals, SARFAESI actions, insolvency proceedings under the Insolvency and Bankruptcy Code, and sale of NPAs, following RBI guidance. Enforcement measures against wilful defaulters include asset attachment under the Prevention of Money Laundering Act with restitution to banks, prohibition of additional banking facilities, five year restrictions on new ventures, debarment from capital market fundraising, and exclusion from insolvency resolution processes. News - Mon, 28 Mar 2022 18:19:45 +0530 https://www.taxtmi.com/news?id=25252