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Bad Loans News

Bad loan write off, window dressing by Indian banks; role of AI in minimizing financial frauds

India should build an early warning system (EWS) in the post-disbursement phase and enhance loan recovery procedures rather than continuously…

Updated: January 2, 2023 07:39 IST

IDBI Bank CEO Rakesh Sharma says lender can recover $2.4 billion in bad loans

IDBI Bank Ltd.’s chief executive officer said the lender is likely to recoup Rs 195 billion ($2.4 billion) on soured…

Updated: August 26, 2022 07:13 IST

HDFC reports 22% jump in net profit in Q1, misses estimates; individual loans grow highest in 8 yrs

Shares of HDFC were trading 1% higher on Friday at Rs 2,360 per share.

Updated: July 29, 2022 14:30 IST

First set of NPAs likely to be transferred to bad bank next month, says FinMin

In a series of tweets, the ministry said finance minister Nirmala Sitharaman on Monday reviewed the progress in setting up…

June 6, 2022 21:02 IST

House panel cautions against ‘early euphoria’ over drop in bad loans

However, the panel, in a report tabled in Parliament on Tuesday, noted that the banking system appears to have absorbed…

March 23, 2022 06:20 IST

We expect NARCL’s offers to come in this week: Swaminathan J, SBI managing director for risk, compliance and stressed assets resolution

The bank now prefers global auctions of bad loans over Swiss challenges as they maximise recoveries, he added.

Updated: March 24, 2022 20:49 IST

Housing financiers’ bad loans jump by 70 bps following new asset quality norms: Report

The bad loan pile is expected to stabilise by the end of this quarter, Crisil Ratings said in the report…

February 17, 2022 16:56 IST

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…

September 17, 2021 18:15 IST

This will be well below the peak of 11.2 per cent seen at the end of fiscal 2018. (File)

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…

June 18, 2021 03:30 IST

While the overall lending rates have declined when we look at the headline rates, the transmission is probably slower when we look at various products or risk segments.

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.

December 25, 2020 13:26 IST

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…

October 24, 2020 13:19 IST

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…

June 13, 2016 22:12 IST

Soon, one free full credit report a year; Use it to avail better loans rates

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…

June 6, 2016 22:15 IST

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…

May 29, 2016 22:53 IST

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…

Updated: May 23, 2016 13:08 IST

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…

May 13, 2016 11:37 IST

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…

May 12, 2016 16:45 IST

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 10, 2016 10:47 IST

Need urgent cash? Here is how you can use cardless ATM withdrawals

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.

Updated: May 9, 2016 11:34 IST

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…

April 27, 2016 06:51 IST

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…

April 21, 2016 11:43 IST

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…

April 17, 2016 14:57 IST

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Top 10 business news today: From PF interest rate hike to Vodafone tax notice, more

The government on Tuesday increased interest rates on provident fund (PF) to 8.8 per cent for the ongoing financial year…

February 17, 2016 10:46 IST

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