A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in default or are in arrears on scheduled payments of principal or interest. In most cases, debt is classified as nonperforming when loan payments have not been made for a period of 90 days Source – Investopedia)
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Islamabad : Asian Development Bank (ADB) has offered a loan of 5.9 billion dollars to Pakistan. Pakistan has asked for an 800 million dollar loan for its energy sector. Till the month of May 2016, the total debt burden on Pakistan has gone up to 1340.30 billion dollars, of which 58.34 billion dollars are in the […]
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New Delhi (PTI): The central government is planning vital steps to consolidate public sector banks in order to strengthen them. On account of this 27 public sector banks would be merged and reduced to form 4 to 5 strong banks. It is been said that in the current financial year to start this process, five […]
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US will not refute the issue of loans they have taken from other countries. This is the truth. But if times change, China’s business in US can go to dust. China, along with other countries should diversify their investments to avoid the increase of debts. The former Chief of the Bank of England has suggested to make […]
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New Delhi, Dt.29 (PTI) – “By taking my passport or arresting me, they are not getting any money”; “We wish to settle; but we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before.” – so says ‘Willful Defaulter’ Vijay Mallya. He has […]
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