Loan default: SC says big defaulters escape while farmers are penalised
The Supreme Court on Tuesday favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover.
Apr 12, 2016, 13:53 PM IST
RBI provides list of big loan defaulters, urges SC not to disclose names
A bench headed by Chief Justice T S Thakur had last month directed the central bank to provide a list of companies which are defaulters of bank loans of over Rs 500 crore while expressing serious concern over rise in bad loans.
Mar 30, 2016, 19:06 PM IST
Banks see a plunge in advance tax payments as NPAs bite
Bad loans have hit the banking sector's advance tax payouts for March quarter, with SBI paying a 60 percent lower tax, ICICI Bank showing a marginal increase, while HDFC Bank posting a 14 percent growth in tax liability.
Mar 16, 2016, 12:26 PM IST
Christine Lagarde praises Raghuram Rajan for treating bad loans well
Addressing the discussion at the IMF's Advancing Asia Conference, Christine Lagarde said, "The move to address the issue of bad loans head on was absolutely right."
Mar 14, 2016, 11:27 AM IST
Write-downs may be a remedy to growth slowdown: Rajan
Reserve Bank of India Governor Raghuram Rajan on Saturday said structural reforms can help achieve potential growth, suggesting that write-downs may be a remedy to growth slowdown.
Mar 12, 2016, 18:25 PM IST
PSU banks' NPAs rise by Rs 1 lakh crore in 9 months of FY'16: FM Jaitley
Bad loans of public sector banks (PSBs) have increased by nearly Rs 1 lakh crore during the first nine months of the current fiscal, Finance Minister Arun Jaitley said Tuesday.
Mar 08, 2016, 19:21 PM IST
Vijay Mallya default case: DRT to pass its orders today
The DRT had reserved its order after hearing submissions made by both parties—bankers and Mallya—on 4 March.
Mar 07, 2016, 08:57 AM IST
Sebi to dry fund-raising taps for wilful loan defaulters
Putting its weight behind the RBI and the government in their fight against bad loans, regulator Sebi plans to make it tougher for 'wilful defaulters' and their companies to raise funds from the capital markets.
Mar 06, 2016, 15:44 PM IST
Govt, RBI working to resolve banks' bad loan problem: Sinha
With banks saddled with staggering bad loans of Rs 8 lakh crore, Minister of State for Finance Jayant Sinha today said the government is working with RBI to resolve the problem, which is going to continue till March 2017.
Mar 04, 2016, 20:31 PM IST
Addressing governance issues could help reducing NPAs: Report
Addressing governance issues of banks reeling under high NPAs and passing of the bankruptcy code could help in reducing bad loans in the banking system, says a report by CARE Ratings.
Feb 19, 2016, 19:40 PM IST
Govt mulls a bank to deal with bad loans
The government is looking at a proposal to set up a bank or a company to deal with the burgeoning bad loans of state-owned banks, even as the views on the issue are "vertically divided".
Feb 17, 2016, 17:20 PM IST
SC asks RBI to give list of defaulters of over Rs 500 crore loan
The apex court also asked the Reserve Bank of India (RBI) to provide within six weeks the list of companies whose loans have been restructured under corporate debt restructuring schemes.
Feb 16, 2016, 18:13 PM IST
Bank of Baroda Q3 net loss at Rs 3,342 crore; biggest-ever quarterly loss for any lender
Almost all major banks have witnessed a spurt in bad assets and provisioning as a result of the AQR.
Feb 13, 2016, 13:19 PM IST
'RBI does't act, need to criminalise wilful default'
Noting there have been workman directors in the banks since 1971, he said that in the last more than four decades of experience, there is not a single case where these directors are found to be involved in any wrong doings.
Feb 13, 2016, 00:34 AM IST
No need for exaggerated panic, have faith in Indian economy: FM Jaitley
The minister said that a major sell-off in global markets has created a chain reaction impacting the markets world over including in India.
Feb 12, 2016, 21:09 PM IST
Bad loans, weak earnings haunt PSU banks; shares tumble 11%
Investors continued to desert state -run lenders with stocks plunging by up to 11 percent Thursday amid concerns over mounting bad loans and disappointing earnings reported by them.
Feb 11, 2016, 18:40 PM IST
PSU banks hit hard by bad loans; shares plummet up to 12%
Shares of state-run lenders plunged by up to 12.4 percent Wednesday as investor sentiment was hit by mounting bad loans and disappointing earnings reported by them.
Feb 10, 2016, 20:05 PM IST
27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15
A whopping Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance sheet clean-up.
Feb 08, 2016, 22:00 PM IST
Banks enter 2016 with $60 billion red ink on books
As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.
Jan 01, 2016, 21:46 PM IST
Top 3 corporate defaults can shave off 13% bank capital: RBI
The Financial Stability Report has cautioned banks against loaning to highly leveraged corporates and said that default by just top three borrowers can result in 13 percent losses.
Dec 24, 2015, 20:16 PM IST