bad loans
Bad Bank to solve Rs 2 lakh crore bad loans, take NPAs off banks’ books; here’s how it will work
If it works as intended, Bad Bank may help cut system-wide bank NPAs (non-performing assets) by over 1%, and help recover some of bad debts too.
Bad bank: Govt guarantee seen costing Rs 30,600 crore
Govt won't infuse capital into the proposed entity, banks will; yet, govt expected to give guarantee on the security receipts issued by the body
Moratorium, loan recoveries help Indian banks improve GNPA ratio, but will it sustain?
Recoveries were better in the fiscal second quarter, helping in improving the asset quality of banks.
Centre’s Diwali gift: Waives interest on interest for all loans up to Rs 2 crore; check details
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
RBI announces new scheme for resolution of stressed assets
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 eyes mechanism for “commercially prudent” settlement of bad loans
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
China’s bad loans rise: Regulator
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.
20 PSU banks’ loss stand at Rs 16,272 cr in Q4, should you invest in them?
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 of banks to pickup from next month: Vinod Rai
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.
India’s bad loans may be bigger than New Zealand’s $170 bn economy
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'
For loans over Rs 5 cr: RBI may share defaulter details if probe agencies want the information
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.
Bad loan mess: Centre plans indemnity for bankers to settle NPAs
FinMin seeks views on setting up external committee to approve one-time NPA settlement applications of PSBs.
Bad loans: Reform the banking system, Supreme Court tells govt
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 trims list of firms needing bad loan provisioning: Report
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.
Uniform definition for non-performing assets on the cards
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.
Public Sector Banks book highest ever loss of Rs 12k crore as bad loans mount
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
Govt banks at risk to cover future loan losses
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.
Write-offs a scam, small loans rarely in it, says former RBI Deputy Governor
Banks are planning to write off more bad loans in the current year, and this could be Rs 52,227 crore, similar to the quantum written off in 2014-15.
Banks enter 2016 with bad loans worth about $60 bn
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.
FinMin to set up high-level panel to tackle NPAs
The gross NPAs of PSBs rose to 6.03 per cent at the end of June 2015, as against 5.20 per cent in March 2015.
Bad loans by public sector banks soar 27 per cent in a year
The banks with a major share in bad loans include Bank of India, Bank of Baroda, Indian Overseas Bank, SBI and Punjab National Bank.
Banks’ bad loans to slow down, green shoots visible: Fitch
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 may limit size of lender consortiums
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.
Why it is crucial for banks to identify systemically important corporates or non-financial institutions
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)
Why bad loans are growing at a faster pace at India’s private banks
India's private sector banks have seen their loan books deteriorate at a faster pace than state-owned peers over the past three quarters.
Banks seek new strategy to tackle stressed assets
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
