The Department of Financial Services of the ministry on Friday issued a circular that laid the guidelines for financial institutions on granting ex-gratia payment of difference between compound interest and simple interest fo
The Scheme for Sustainable Structuring of Stressed Assets (S4A) will cover those projects which have started commercial operations and have outstanding loan of over Rs 500 crore.
India's Finance Minister Arun Jaitley said on Monday that state bankers would propose a mechanism to reach "commercially prudent" loan settlements, as the government and lenders met to discuss how to tackle the country's bad
Chinese banks saw their bad loans rise in the first quarter due to the slowing down of the world's second largest economy, but the risks were "under control", the banking regulator said today.
The combined net loss of 20 public sector banks (PSB) stood at Rs 16,272.34 crore for the fourth quarter ended March 2016 as bad loans situation worsened.
Credit offtake to industry, which has seen decline in the recent past due to slowdown in certain sectors and issues related to bad loans, is likely to see an uptick from next month, Bank Board Bureau chief Vinod Rai said.
The magnitude of the debt-mess was laid bare late last month when two of India's largest private sector lenders provided unprecedented guidance on non-performing loans, underscoring repeated warnings by Reserve Bank of India'
While refusing to share the entire database of large loans with the government, the central bank will provide details as may be needed by the investigative agencies, Finance Ministry sources said.
A bench led by Chief Justice T S Thakur said that a “sensible and sensitive” approach is required to overhaul the entire system, which today has scores of people and entities with outstanding to the tunes of crore of rupe
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, the newspaper said.
At a time when Indian banks are battling the bad loan menace, global banking regulators' body BIS has proposed a uniform definition for non-performing assets and forbearance to ensure consistency in disclosures.
Hit hard by mounting bad loans, many leading public sector banks, including Bank of Baroda, Bank of India and IDBI Bank, reported their highest ever quarterly losses aggregating to over Rs 12,000 crore, while others like SBI
Punjab & Sind Bank posted the biggest decline of 35 percentage points, from 81.8 per cent to 46.8 per cent, in the provisioning coverage ratio. Andhra Bank followed with a decline of 25 percentage points.
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.
Fitch said that growth in new non performing loans would slow down further with cyclical recovery, and a moderate pick-up in loan growth will also provide a support.
Reserve Bank of India (RBI) Deputy Governor R. Gandhi said there was an "urgent" need for banks to reduce their stressed assets, given the impact on liquidity and capital in the sector.
SINFIs should be identified across key sectors such as infrastructure, airlines, telecom etc. that already account for 20% of bank loan books in India. (PTI)
With bad loans rising and big corporates, including the Reliance Group, GMR, Essar and Adani, rushing for debt bailouts, banks have told the Ministry of Finance, in their latest round of meeting, to change the existing strate
The Reserve Bank of India also said the probability of slippage of state electricity boards' exposure to bad loans is very high considering the implementation of new regulatory norms effective April 1, 2015.