non-performing assets (NPAs)
The government is making considerable changes in the exit policies for the road developers and is trying to safeguard the interest of the banks, financial institutions and other lenders. The government is actively considering allowing lenders to substitute developers even before the project’s commencement of commercial operations. This move was decided as there was a lukewarm [...] Continue Reading »
The country’s poor infrastructure had brought down the growth of the nation, and after the elections, the entire nation was hoping for the Modi government to expedite growth. However amidst the measures which the new government is taking, they have also started blaming the UPA government for the wrong policies. There were road projects which [...] Continue Reading »
The lenders of the Pink City Expressway are worried as they fear that their project will be soon turning into a non-performing asset (NPA). The Highway Ministry joining hands with the National Highways Authority of India (NHAI) has ordered the banks to replace the developer; else they will cancel the Gurgaon-Jaipur highway project. Close to [...] Continue Reading »
For the year 2013-14, Gruh Finance Ltd, a housing finance arm of HDFC registered a 21 per cent jump in the net profit. For the year 2013-14, Gruh Finance Ltd, a housing finance arm of HDFC registered a 21 per cent jump in the net profit. In 2013-14 the company’s profit after tax increased from [...] Continue Reading »
New Delhi-Recent reports suggest that the public sector banks were quite benefited by the home loan takers as the lower interest rates have resulted in regular monthly payment causing very less defaulters. The outstandings in the first 6 months were almost 96% of 2011-12 and more in 2010-11. Also, the non-performing assets (NPAs) have declined in all home loan [...] Continue Reading »
