[ad_1] Over the past 18 quarters, Indian Renewable Energy Development Agency Ltd (IREDA) has successfully reduced non-performing assets (NPAs) without significant haircuts. The company is set to maintain its steady growth trajectory by focusing on reducing NPAs and expanding disbursements, said CMD Pradip Kumar Das. Current net NPAs stand at 1.5% and gross NPAs at […]
NPAs in P2P lending soar 146% in FY24: Capitalmind Financial – CNBC TV18
[ad_1] India’s peer-to-peer (P2P) lending industry is grappling with soaring non-performing assets (NPAs), according to a study by Capitalmind Financial Services. NPAs reached ₹1,163 crore in FY24, marking a 146% rise from ₹472.1 crore in FY23. Company Value Change %Change The study revealed that NPAs, which were a modest ₹19 crore in FY19, have surged […]
NCGTC assesses ₹1,231 cr claim for Bandhan Bank under CGFMU scheme following forensic audit – CNBC TV18
[ad_1] Bandhan Bank today said that the National Credit Guarantee Trustee Company (NCGTC) has completed the detailed forensic audit of claims made by the bank under the Credit Guarantee Fund for Micro Units (CGFMU) scheme, and assessed the total claim payout to the Bank under the CGFMU scheme as ₹1,231.29 crore as on March 31, […]
Belstar MFI IPO expected in a year, says Muthooot Finance – CNBC TV18
[ad_1] George Alexander Muthoot, Managing Director of Muthoot Finance, on August 23 said that the initial public offering (IPO) of its subsidiary Belstar Microfinance is expected within the next year. Though the IPO is on the cards, Muthoot noted that there is no immediate rush as Belstar is a full-owned subsidiary of Muthoot Finance, which […]