September 17, 2021 7:35 am
Finance Minister Nirmala Sitharaman said most of the big-ticket NPAs (Non Performing Assets) will be transferred to NARCL, thereby cleaning up banks’ balance sheets and freeing up growth capital for them to support economic activity.
June 16, 2021 7:06 am
Analysts estimate that non-performing assets (NPAs) will jump from a little under 8 per cent in the previous fiscal year — helped by restructuring, write-offs and regulatory relaxations including a loan moratorium — to 13-15 per cent in 2021-22.
March 24, 2021 6:16 am
The SC decision on Tuesday will clear the way for lenders to classify NPAs as per the delinquency record of borrowers, which they had not been able to since the end of the moratorium period in August 2020 and the SC’s earlier directive not to classify defaults as NPAs.
January 21, 2021 7:35 am
Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
January 18, 2021 8:00 pm
How unregulated lending apps preyed on financial uncertainty of Indians, and what can be done to protect borrowers in the future.
October 21, 2020 8:44 am
It sabotages economic justice because fiscally funding banking diverts money from education, health and skilling expenditure.
September 22, 2020 10:23 am
On tackling of bad loans, they said private asset management and national asset management “bad banks” should be encouraged in parallel to the online platform for distressed loan sales.
August 27, 2020 6:42 pm
In an advisory, the Department of Financial Services has asked Public Sector Banks (PSBs) to consider putting in place a mechanism for monitoring the cases which may require initiation of individual insolvency process before the National Company Law Tribunal (NCLT) against personal guarantors to corporate debtors.
July 24, 2020 1:13 am
Bank managements and unions have agreed to introduce the system of performance-linked incentive (PLI) in public sector banks for the first time.
July 07, 2020 5:21 am
In the worst-case scenario, corporate stress could increase further by Rs 1.68 lakh crore.
June 22, 2020 6:22 pm
The number of bank officers arrested or facing charges for being involved with bad loans has gone up five times in the last four months. Here’s the #NewsInNumbers. See more: https://bit.ly/2IM1j4c
June 22, 2020 7:10 pm