HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan has moved the Bombay High Court to quash a FIR…
The rise in delinquencies has come amid a contraction in the overall microfinance portfolio in September which stood at Rs…
Absence of a widely-accepted pricing model for retail NPAs, high transaction costs, difficulty in asset valuation and limited ability to…
Extending the classification period to 180 days has been a long-standing demand of the MSME sector as a number of…
The gross NPAs in MSME loans by SCBs had declined by 14 per cent to Rs 1.31 lakh crore in…
Among public and private sector banks, public sector banks (PSBs) had the higher share of MSE loans (in industry and…
The sector continued to see growth with a 26 per cent jump in gross loan portfolio to Rs 4.42 lakh…
The proposed changes would increase the types of entities who trade instruments called Security Receipts, which are backed by non-performing…
India’s consumer credit culture is rapidly changing. Digital lending, worth $270 billion last year, will zoom to $1.3 trillion by…
India should build an early warning system (EWS) in the post-disbursement phase and enhance loan recovery procedures rather than continuously…
IDBI Bank Ltd.’s chief executive officer said the lender is likely to recoup Rs 195 billion ($2.4 billion) on soured…
Shares of HDFC were trading 1% higher on Friday at Rs 2,360 per share.
In a series of tweets, the ministry said finance minister Nirmala Sitharaman on Monday reviewed the progress in setting up…
However, the panel, in a report tabled in Parliament on Tuesday, noted that the banking system appears to have absorbed…
The bank now prefers global auctions of bad loans over Swiss challenges as they maximise recoveries, he added.
The bad loan pile is expected to stabilise by the end of this quarter, Crisil Ratings said in the report…
If it works as intended, Bad Bank may help cut system-wide bank NPAs (non-performing assets) by over 1%, and help…
Govt won’t infuse capital into the proposed entity, banks will; yet, govt expected to give guarantee on the security receipts…