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LIC net surges to Rs 234 cr in Q3FY22 due to change in surplus distribution
In the same period last financial year, LIC's net profit totaled Rs 0.91 crore
 "LIC net surges to Rs 234 cr in Q3FY22 due to change in surplus distribution")
Top headlines: Big tech in data localisation row, banks told to up UPI cap
States start easing Covid-19 curbs as cases decline. More on that in our top headlines.
 "Top headlines: Big tech in data localisation row, banks told to up UPI cap")
RBI move to defer revised NPA norms eases provision burden in Q4
RBI's decision to defer the implementation of revised NPA norms by six months for finance companies will save them from the burden of making additional provisions
 "RBI move to defer revised NPA norms eases provision burden in Q4")
NBFCs get extra 6-months to keep system ready to implement NPA norms
In November 2021, RBI had given time till March 31, 2022 to implement the rule
 "NBFCs get extra 6-months to keep system ready to implement NPA norms")
Union Bank Q3 net up 49.3%; provisions & contingencies fall sharply
NII rises 8.9% to Rs 7,174 cr; gross NPAs declin to 11.62% in December 2021 from 13.49% a year ago
 "Union Bank Q3 net up 49.3%; provisions & contingencies fall sharply")
SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr
The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect
 "SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr")
Aiming to recover Rs 5,000 cr, bring net NPAs under 4.5% by March: PNB MD
The lender is also looking to further monetise its 15% stake in UTI AMC as part of its non-core asset sale plan to shore up its capital base.
 "Aiming to recover Rs 5,000 cr, bring net NPAs under 4.5% by March: PNB MD")
Top Headlines: 13 Indian firms to make Covid pill; bank NPAs at 6-year low
Business Standard brings you the top headlines at this hour.
 "Top Headlines: 13 Indian firms to make Covid pill; bank NPAs at 6-year low")
Ahead of IPO, LIC lowers net NPA to 0.05%, improves asset quality
Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021. The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual Report of Life Insurance Corporation of India (LIC). The sub-standard assets are Rs 254.37 crore whereas the doubtful assets are Rs 20,369.17 crore and loss assets are Rs 14,506.35 crore. An amount of Rs 34,934.97 crore is provided as per IRDAI guidelines in the books of accounts towards non-performing assets, it said. The percentage of gross NPA is 7.78 per cent while the net NPA is 0.05 per cent at the end of March 2021. This is lower than gross NPA of 8.17 per cent (as a percentage of its debt portfolio) and net NPA of 0.79 per cent in the previous year. In absolute terms, the NPA was Rs 36,694.20 crore out of a total debt of Rs 4,49,364.87 crore in 2019-20. Stress threshold
 "Ahead of IPO, LIC lowers net NPA to 0.05%, improves asset quality")
SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody
Case related to bad loan, sale of NPA at low value
 "SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody")
Ex-SBI chairman held for selling property at low price by declaring it NPA
Pratip Chaudhary was arrested on Sunday and will be brought to Jaisalmer on Monday.
ICRA flags asset quality pressure risk for IDBI Bank due to pandemic
The agency upgraded the rating for the Mumbai-based private lender's bonds, debentures and tier-II capital instruments from "A" to "A+"
 "ICRA flags asset quality pressure risk for IDBI Bank due to pandemic")
Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay
The Street will likely monitor the NPA ratios that surged in the June quarter
 "Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay")
Overdue loans could spike fresh slippages in H1 of FY22, says Icra
However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders
 "Overdue loans could spike fresh slippages in H1 of FY22, says Icra")
IIFCL profit surges over three-fold to Rs 325 cr in FY21; NPA eases
The gross NPA of the company too declined to 13.9 per cent from 19.70 per cent in the previous financial year.
 "IIFCL profit surges over three-fold to Rs 325 cr in FY21; NPA eases")
Bajaj Finance investors feel heat of 2nd Covid wave, stock falls over 4%
The NBFC anticipates Rs 1,100 cr- Rs 1,300 cr increase in credit costs and estimates both gross NPAand net NPA will be higher through the first two quarters of FY22
 "Bajaj Finance investors feel heat of 2nd Covid wave, stock falls over 4%")
Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit
Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states
 "Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit")
SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock
Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore
 "SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock")
Banks may transfer 80 large NPA accounts for resolution to National ARC
It is expected that NPAs over Rs 2 trillion will move out of the books of the banks to the bad bank
 "Banks may transfer 80 large NPA accounts for resolution to National ARC")
Bandhan Bank dips 4%, hits over 6-month low on weak March quarter results
The stock was trading at its lowest level since October 30, 2020, having corrected 34 per cent from its 52-week high level of Rs 430.25
 "Bandhan Bank dips 4%, hits over 6-month low on weak March quarter results")
