As part of efforts to rein in soaring bad loans and restructuring of assets, banks should upgrade skills for greater due diligence to evaluate credit ratings, which need to be treated as "opinion" rather than "gospel truth",
Worried over mounting bad loans, the Bank Board Bureau (BBB) is working out an "intermediate mechanism" to ensure early resolution of the problem and also to provide comfort to the bank management with regard to settlement of
Amid outrage over Vijay Mallya's massive default on loans, Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan today cautioned against overstating the bad loans crisis in the banking system lest it hampers the entir
Given the CBI's poor track record in securing convictions and its various flip flops in high-profile corruption cases, it is ironic that its chief should chide banks for delays in filing criminal complaints against defaulters
Neelachal Ispat Nigam has asked banks to refinance close to Rs 1,000 crore of loans relating to its steel plant at Kalinganagar, Odisha, under the Reserve Bank of India's 5/25 scheme, lenders aware of the development told FE.
Global ratings agency Standard & Poor's (S&P) today called for a multi-pronged strategy to help banks tide over asset quality issues, saying stronger economic growth and improvement in fiscal situation alone cannot resolve th
A prospective ‘strategic investor’ in the debt-ridden ABG Cement has indicated its willingness to acquire a stake in the firm, provided the loan account is upgraded from a non-performing asset (NPA) to a standard account.