SC asks RBI to curb increasing NPA
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Apr 12, 2016, 22:09 PM IST
Pay dues honourably or face coercive action: FM to Mallya
In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face "coercive action" by lenders and investigative agencies.
Mar 28, 2016, 12:28 PM IST
Sell assets of guarantors if firms don’t repay: Govt to banks
Issuing the directive to heads of PSBs, the Finance Ministry regretted that they seldom recover loan from guarantors in case of loan default by companies
Mar 19, 2016, 13:43 PM IST
'India may consider consolidating some banks into large banks'
India may consider consolidating some of the country's banks into three to five large banks to support manufacturers and exporters to compete with the best in the global market, Union Minister Piyush Goyal said on Friday.
Mar 19, 2016, 12:39 PM IST
Government to make wilful default a criminal offence
In order to tackle the crisis on bad loans, the Centre is contemplating a revamp on loan defaulters.
Mar 17, 2016, 10:46 AM 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
Large promoters can impede loan recovery: Raghuram Rajan
Large promoters have the strength to "impede any action" taken by banks to recover stressed assets, Reserve Bank Governor Raghuram Rajan said on Friday, while emphasizing that banks need to quicken the pace of recovery process and not postpone it.
Dec 11, 2015, 18:18 PM IST
ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15
The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.
Aug 26, 2015, 21:24 PM IST
Stressed loans to add $16 billion to Indian banks' capital needs
Most state-run lenders have high levels of bad loans and their shares are trading below their book values.
Aug 06, 2015, 13:34 PM IST
Rajan warns of action against banks hiding true NPA numbers
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
Aug 04, 2015, 22:02 PM IST
RBI says 'watchful' of banks' bad loans levels
Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."
Jul 29, 2015, 10:01 AM IST
Dena Bank to sell small ticket bad loans to ARCs
For the first time, mid-sized state-run Dena Bank is planning to sell small ticket non-performing assets of up to Rs 2 lakh to asset reconstruction companies (ARCs) in the current quarter.
Jul 28, 2015, 11:56 AM IST
Public sector banks should disclose details of bad debts: HC
Public sector banks should disclose details of cases pertaining to persons and establishments whose bad debts of over Rs 100 crore have been written off, the Delhi High Court has held.
Jun 24, 2015, 19:29 PM IST
Allow IFCs to buy projects turning into NPAs: Assocham
Government should allow infrastructure finance companies to buy projects that turn into non-performing assets, industry body Assocham said on Tuesday.
Jun 16, 2015, 17:55 PM IST
Economy recovering from serious challenges; expect banks to cut rate further: FM
Reserve Bank has cut repo rate by 0.75 percent since January but not all banks have passed on the benefit of lower interest rates to customers.
Jun 12, 2015, 13:29 PM IST
RBI to soon set up Central Fraud Registry
The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans.
May 24, 2015, 10:46 AM IST
FM Jaitley to soon meet PSU bankers on NPA, stake sale issues
Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.
May 19, 2015, 12:56 PM IST
No financial crisis risk, but bad loans still a problem: Raghuram Rajan
Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.
May 14, 2015, 21:37 PM IST
No financial crisis risk, but bad loans still a problem: Rajan
Raising concern over rising bad loans at some banks, RBI Governor Raghuram Rajan on Thursday said there was no danger of any financial crisis but it may be early to declare that the worst was over on the NPA front.
May 14, 2015, 20:24 PM IST
Bad loans to rise to Rs 4 lakh cr for banks: Crisil
Asset quality woes of banks may turn worse for banks, with their gross non-performing assets (NPA) expected to rise by Rs 60,000 crore in the current fiscal to Rs 4 lakh crore, credit rating firm Crisil said Tuesday.
May 12, 2015, 23:46 PM IST