npas

L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC – Economic Times

In the single largest trade in bad loans involving a non-bank lender last fiscal, L&T Finance sells little over Rs 3400 crore from its stressed-assets portfolio to Kotak Mahindra Bank-backed Phoenix ARC Pvt in the last week of March, two people aware of the matter told ET. The sale comes as finance companies are brought …

L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC – Economic Times Read More »

Finance minister Sitharaman blames UPA for NPAs, write-offs 'not waivers' – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday attacked the UPA regime for its alleged failure to recover money from those who turned their loan accounts into non-performing assets (NPAs), and said under the Modi government, banks for the first time got back money from defaulters. Sitharaman also said in the Lok Sabha that actions …

Finance minister Sitharaman blames UPA for NPAs, write-offs 'not waivers' – Times of India Read More »