India’s bad loans have given it the dubious distinction of having the worst non-performing loan ratio among the world’s major economies, surpassing that of Italy, according to a report in FE Online....
Mar 19, 2019
Reserve Bank of India (RBI) governor Shaktikanta Das today met the chief executives of the various public sector banks (PSBs). During discussion, Das conveyed regulator’s expectations from...
Jan 28, 2019
The Central Bureau of Investigation (CBI) has registered an FIR against companies and persons for alleged irregularities in loans sanctioned in 2012. Those booked include former ICICI Bank MD...
Jan 25, 2019
Rating agency ICRA has said that the delays in the settlement of bankruptcy cases is leading to banks losing thousands of crores of rupees. ICRA estimates this loss at Rs 4,000 crore in the dozen...
Nov 13, 2018
Private sector banks have witnessed a massive jump in bad loans, according to media reports. The reports put this jump in gross NPAs at 450 per cent. Data from the banks shows that bad loans rose...
May 21, 2018
The planned Rs 2.1 lakh crore fund infusion for state-run banks “will be reform and a recap package and not just a recap package,” RBI Governor Urjit Patel said on Wednesday. Notably, the...
Dec 07, 2017
The Union Cabinet, on Wednesday, gave its approval to the amend the insolvency and bankruptcy code (IBC). The new law will prevent promoters of bankrupt firms or who have a history of fraud...
Nov 22, 2017
The government will not create a bad bank. Rather, it will solve NPA problem on a priority basis, with a focus on creating a long-term framework for strong and stable growth, said Sanjeev...
Sep 07, 2017
Based on its assessment of the embedded value in the top 50 NPA cases, rating agency Crisil has estimated that a 60 per cent haircut would be required on these loan assets. “That would mean banks...
Jun 27, 2017
Bankers are meeting from Monday to decide on the possible course of action against six of the 12 defaulters for immediate referral to National Company Law Tribunal (NCLT). The Reserve Bank...
Jun 19, 2017
IDBI Bank has announced plans to establish an exclusive vertical to recover their mounting non performing assets (NPAs), according to a PTI report. “Our total NPAs stand at approximately Rs 45,500...
Jun 14, 2017
The government has plans to double the 90-day limit for banks to declare overdue MSME loans as non-performing assets (NPAs) or bad loans. The issue is being discussed at a higher level, as per a...
Apr 28, 2017
Apr 24, 2017
The Reserve Bank of India will soon be able to deal much more effectively with stressed assets than before as the government is working on legislation to resolve India’s bad loan problem. The...
Apr 04, 2017
In view of the prevailing cash crunch that may take another 2-3 months to normalize, the Reserve Bank of India (RBI) has further extended the grace period for banks, non-banking finance companies (...
Dec 29, 2016
In sync with the announcements made under Indradhanush and the Union Budget 2016-17, the Government of India has allocated Rs 22,915 crore capital to 13 public sector banks. The decision by the...
Jul 21, 2016
The banks seem to be in no mood to relent and let Vijay Mallya have his way. After State Bank of India, Punjab National Bank (PNB) wants full loan amount from the Kingfisher chairman to settle the...
May 19, 2016
In a huge relief to banks, Reserve Bank of India has pruned the list of companies whose loans needed to be provided for against the risk of default. According to the Economic Times news...
Apr 21, 2016