Bad loans may jump further to 10.1% by March 2017: Gangwar
Bad loans of the state-owned banks are likely to go up further to 10.1 percent by the end of the current fiscal, Minister of State for Finance Santosh Kumar Gangwar said while quoting an RBI report.
Jul 19, 2016, 15:48 PM IST
NPA sales down to a trickle of just 2% of total bad loans
Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.
Jul 07, 2016, 19:34 PM IST
India's banking faces stress due to 'stalling' in 2011-13: SBI
India's banking sector currently faces some stress mainly due to "stalling" of projects between 2011-2013 and efforts are being made to ensure the "de-bottlenecking" of these projects, SBI Chairman Arundhati Bhattacharya said.
Jul 06, 2016, 14:28 PM IST
Govt to make first round of capital infusion in PSBs soon
The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
Jul 04, 2016, 17:29 PM IST
Indian banks' bad loans may rise to 8.5% by March 2017: RBI
Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews, a Reserve Bank of India (RBI) report said on Tuesday.
Jun 28, 2016, 17:40 PM IST
Bank consolidation risks may outweigh benefits: Moody's
Efforts to consolidate 27 public sector banks into 8-10 large lenders create risks that could offset potential long-term benefits in the current weak economic environment, Moody's Investors Service said Tuesday.
Jun 28, 2016, 13:01 PM IST
Next RBI chief faces balancing act on bank clean-up
India`s next central bank chief faces a tricky task completing a bank clean-up spearheaded by outgoing Governor Raghuram Rajan, while coping with the demands of a government that is desperate to see a revival in lending to businesses.
Jun 27, 2016, 15:24 PM IST
PSU bank stocks surge upto 8% on RBI's move on stressed assets
Shares of PSU banks on Tuesday gained up to 8 percent after the RBI came out with a scheme for resolution of bad loans of large projects wherein a portion of the debt will be converted into equity or other instruments.
Jun 14, 2016, 18:24 PM IST
'Don't treat credit ratings as gospel truth'
As part of efforts to rein in soaring bad loans and restructuring of assets, banks should upgrade skills for greater due diligence to evaluate credit ratings, which need to be treated as "opinion" rather than "gospel truth", says a study.
Jun 13, 2016, 20:08 PM IST
PSB losses on higher provisioning, will provide more funds: Finance Minister
New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.
Jun 06, 2016, 14:54 PM IST
To tackle bad loans, RBI proposes formation of dual funds by banks
In order to tackle the burning problem of sticky loans and debt-heavy companies, Reserve Bank of India (RBI) has proposed formation of dual funds by banks which may help in solving the tricky situation.
Jun 04, 2016, 10:29 AM IST
Govt keen to set up stressed assets fund to fight NPAs: Sinha
Amid reports that an arm of nation's largest lender SBI may set up a dedicated distressed assets fund, Union Minister Jayant Sinha on Tuesday said the government is indeed working on such a proposal, but declined to share details.
May 31, 2016, 19:56 PM IST
FM Arun Jaitley to meet heads of PSU banks on June 6
Amid mounting bad loans and record losses by several public sector banks, Finance Minister Arun Jaitley will hold a meeting with the heads of PSBs on June 6 to find ways to deal with the situation.
May 25, 2016, 15:43 PM IST
Govt's solution for bad loans: Merge state-owned banks to 6 from 27
Vinod Rai, a 68-year-old former auditor general of India, said consolidation has already begun with State Bank of India`s move to absorb five subsidiaries and Bharatiya Mahila Bank, a bank for women set up in 2013.
May 24, 2016, 18:01 PM IST
Shocking: Six PSU banks report Rs 7,000 crore loss!
In the latest, almost 7,000 crore losses were reported in the fourth quarter by the six public sector banks on Friday increasing headache for Reserve Bank.
May 14, 2016, 17:29 PM IST
Supreme Court directs Banks to improve norms for loans
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Apr 27, 2016, 10:12 AM IST
RBI trims list of firms needing bad loan provisioning: Report
The RBI has dropped 20 companies including Jaiprakash Associates Ltd and Coastal Energen Pvt Ltd from the initial list of 150 firms for which banks were asked make provision.
Apr 21, 2016, 10:19 AM IST
Separate morality from NPA clean-up, says Raghuram Rajan
Amid raging controversy over loan defaults by corporates, RBI Governor Raghuram Rajan has said the issue of bad loans gets "loaded with a lot of morality" and it is necessary to keep criminal liability separate for putting the stressed assets back on track.
Apr 19, 2016, 15:29 PM IST
SC asks RBI to reveal total loan default amount
-Nifty crosses 7700 mark.
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SC asks RBI to curb increasing NPA
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Apr 12, 2016, 22:09 PM IST