GST to push India's growth but bad loans still a problem: IMF
Lower global oil prices have boosted economic activity, and helped lower inflation.
Apr 28, 2017, 12:43 PM IST
HDFC Bank Q4 net profit beats estimates, bad loans stable
HDFC Bank Ltd, India`s second-biggest lender by assets, reported fourth-quarter net profit rose 18.3 percent on higher interest and fee income, slightly ahead of estimates.
Apr 21, 2017, 13:37 PM IST
Mechanism soon to fix banking bad loan issue: Mundra
The gross NPAs of public banks rose to Rs 6.06 lakh crore in December 2016, from Rs 5.02 lakh crore at March-end of 2016.
Apr 20, 2017, 18:03 PM IST
RBI tweaks rules for regulatory action on banks
The Reserve Bank of India (RBI) on Thursday tweaked rules that trigger regulatory action against lenders who overshoot the limit on bad loans or fail to comply with capital ratios.
Apr 13, 2017, 19:04 PM IST
Parliamentary panel wants banks to devise mechanism to detect NPAs early
Concerned over high level of bad loans in the banking system, a parliamentary panel has asked PSU banks to devise a mechanism to detect stressed assets early so that urgent corrective steps can be taken.
Apr 04, 2017, 16:00 PM IST
Govt must bail out troubled big borrowers at time: CEA Arvind Subramanian
The government needs to bail out large corporate borrowers at times in a capitalist system though it may lead to charges of cronyism, Chief Economic Adviser Arvind Subramanian has said, while supporting the idea of a 'national bad bank'.
Mar 14, 2017, 15:19 PM IST
India's economic, political systems yet to mature: CEA Arvind Subramanian
Economic and political systems in India have "not developed maturity" for nuanced interventions and tend to take recourse to bans and restrictions, Chief Economic Advisor Arvind Subramanian said on Thursday.
Mar 02, 2017, 15:32 PM IST
We need to move full steam to deal with bad loans: CEA Arvind Subramanian
Chief Economic Advisor (CEA) Arvind Subramanian on Wednesday emphasised the need to move full steam to deal with the problem of bad loans facing banking sector.
Feb 22, 2017, 16:44 PM IST
Axis Bank Q3 net profit declines as bad loans rise
India's third larget private lender Aix Bank's net profit fell to 5.80 billion rupees ($85 million) for the three months ended Dec. 31, from 21.75 billion rupees a year earlier.
Jan 19, 2017, 17:28 PM IST
Many PSU banks may skip dividend payout this fiscal
Hit by demonetisation and mounting bad loans, some public sector banks (PSBs) may skip paying dividend which will have implications for government receipts in the current fiscal.
Jan 17, 2017, 16:42 PM IST
Finance Ministry likely to finalise capital infusion plan for PSBs; to exceed Rs 25,000 crore
Based on the request of various lenders which have been impacted by demonetisation amid rising bad loans, the Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week.
Jan 15, 2017, 19:06 PM IST
Bad loans: SC seeks list of corporates which owe over Rs 500 crore
In a move to control the rising bad loans, the Supreme Court on Tuesday asked the Centre to provide it with the list of "corporate entities" who owed loans in excess of Rs 500 crore.
Jan 03, 2017, 20:15 PM IST
Cash crunch: RBI eases bad loan rules for small borrowers
The Reserve Bank of India on Monday relaxed rules for classifying bad loans for small borrowers saying they may need more time to repay their loan dues after the government withdrew higher-value bank notes.
Nov 21, 2016, 14:59 PM IST
ICICI Bank Q2 net profit dips 13% to Rs 2,979 crore on bad loans
Country's largest private sector lender ICICI Bank Monday reported 12.8 percent dip in consolidated net profit to Rs 2,979 crore for the September quarter as its provisioning for bad loans shot up by 7-fold.
Nov 07, 2016, 17:32 PM IST
Finance Ministry to hold meeting with top bankers today to discuss NPA issue
In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday.
Oct 24, 2016, 09:18 AM IST
India bad loans mountain grows, risks delaying bank clean-up
Stressed loans in India`s banking sector crossed $138 billion in June, central bank data reviewed by Reuters shows, an increase of nearly 15 percent in just six months that suggests a state clean-up effort will take longer and cost more than expected.
Oct 10, 2016, 21:19 PM IST
Bad loans, lack of infrastructure, ICT hurdles hurt India's competitiveness: WEF
Huge bad loans, lack of infrastructure and stagnating performance on technological readiness are among the major drags on India's global competitiveness, with even Bangladesh and Sri Lanka outscoring India on some parameters, says a WEF survey.
Sep 28, 2016, 16:40 PM IST
Banks moving past worst asset quality cycle, outlook stable: Moody's
India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.
Sep 19, 2016, 17:53 PM IST
Banks need greater initiative to sell assets: FM Jaitley on bad loans
Describing the NPA situation of public sector banks as still challenging, Finance Minister Arun Jaitley on Friday said "greater initiative" is needed by them in cases where it is difficult to find buyers or "alternative promoters" for assets that have accumulated bad loans.
Sep 16, 2016, 17:02 PM IST
Pace of new bad loan formation has decelerated: RBI
RBI Deputy Governor S S Mundra on Tuesday said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.
Aug 23, 2016, 14:06 PM IST