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NCGTC audit report of Bandhan Bank's microloan book will be out soon, say sources

In Q4FY24, the bank wrote off Rs 3,852 crore to cover for the microloans that are under investigation by the NCGTC.

NCGTC audit on Bandhan Bank's books should get over soon, says CEO Ghosh

The bank had taken insurance of the portfolio of Rs 20,800 crore under the Credit Guarantee Fund for Micro Units (CGFMU) scheme. The NCGTC has flagged that the loans were either evergreen or that the bank created fictitious accounts to obtain the maximum guarantee cover

BoB reports muted growth in Q4 profit at ₹4,886 crore - The Hindu BusinessLine

Business News: 14 things India wants from Nirmala Sitharaman's Budget

14 things India wants from Nirmala Sitharaman's Budget : Rashtra News #India #Nirmala #Sitharamans #Budget While India is rebounding at the quickest pace among major economies this year, finance minister Nirmala Sitharaman will need more than just stimulus to keep this run sustainable. A string of state polls next month and a Covid variant only

Business News: Quality of banks' retail loans dips, India Ratings projects total gross NPA at 8.6% for FY22