Gross NPAs of banks cross Rs 8.50 lakh crore in first half: MoS

NEW DELHI: Gross Non-performing Assets (NPAs) of banks crossed Rs 8.50 lakh crore at the end of September 2017, Minister of State for Finance Shiv Pratap Shukla informed the Lok Sabha.

Cabinet clears changes to plug loopholes in insolvency code

Govt to amend insolvency and bankruptcy rules via ordinance, will block promoters deemed wilful defaulters from regaining control of firms.