bad loans

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.


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