June 15, 2018 7:16 am
The last financial year was also the worst for the sector as banks were forced to stop evergreening of bad loans and go for NPA recognition amid huge losses to their government securities portfolio following the rise in bond yields.
April 25, 2018 8:32 am
The exercise of cleaning up bank balance sheets, which started in 2015, and a signal by the Reserve Bank of India to put an end to forbearance — or the easing of rules — will now mean a longer wait for better results.
May 10, 2016 5:17 am
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.
March 17, 2016 12:48 am
An amount of Rs 1,30,156 crore as on December 2015, was classified as NPAs in PSBs for borrowers exceeding Rs 500 crore, according to the finance ministry data.
February 13, 2016 4:59 am
None of the 20 government banks meet RBI norm of 70 per cent provisioning coverage ratio
February 11, 2016 12:00 am
Vaulting NPAs not only impair public sector banks’ balance sheets but also undermine financial inclusion goals
February 09, 2016 8:56 am
In response to an RTI query by The Indian Express, the Reserve Bank of India disclosed that 29 public sector banks wrote off a combined Rs 1.14 lakh crore of bad debt between 2013 and 2015.
February 09, 2016 5:04 am
The top 10 groups that figure in the ‘House of Debt’ are Essar, Reliance ADAG, Adani, GMR, GVK, Lanco, Jaypee, JSW, Videocon and Vedanta.
September 09, 2015 1:38 am
The EY survey is based on the responses of over 110 respondents from public, private, foreign and co-operative banks during November 2014 to March 2015.