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PMC bank fraud: Mumbai Police's Economic Offence Wing arrests suspended MD Joy Thomas

According to the Mumbai Police FIR, the losses in the alleged fraud case have been pegged at Rs 4,355 crore.

Small steps forward

A new report suggests measures to ease woes of small businesses. Its recommendations are well-judged.


Bank unions urge Finance Ministry to allow recovery of dues from personal assets of defaulters

Fast-track courts shall have to be vested with more powers to recover bad loans and stringent laws should be enacted to ensure more recoveries, the unions said in a letter to the finance minister.

Bad loans: 80% of write offs in decade came in last five years

Banks wrote off a whopping Rs 1,56,702 crore of non-performing loans during the nine-month ended December 2018, taking the total loan writeoff to over Rs 7,00,000 crore in the last 10 years, according to figures revealed by the RBI.

Deals to rules

India’s bad loan policy is finally moving in the right direction.

Bad loans worth more than Rs 2 lakh crores settled: Corporate Affairs secretary

The Reserve Bank report shows that the fresh addition to the NPAs has declined so has the overall NPS, secretary to Ministry of Corporate Affairs Injeti Srinivas said.


Banks file over 2,800 suits to recover Rs 1 lakh crore in a year

During 2017-18, the GNPA ratio reached 14.6 per cent for PSU banks due to restructured advances slipping into NPAs and better NPA recognition.

CVC comes out with report on top 100 bank frauds with RBI, ED and CBI

The probity watchdog is learnt to have shared its findings, compiled on bank frauds as on March 2017, with the RBI, ED and CBI among others, officials said.

Earnings preview: Bad loan, MTM provisions may extend banks’ losses

KIE observed, adding that retail-oriented banks, such as HDFC Bank, IndusInd Bank and City Union Bank, are likely to report stable performance.

Non-performing assets: Worsening recovery of bad loans

After peaking in 2009 and remaining well above 40 per cent in the earlier years, banks’ NPA recovery rate has declined over the years to just 20.8% at the end of March.

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Bank officials under CBI probe has risen 5 times in the last 4 months: News in Numbers

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:

56.4 Per Cent Rise In Bad Loans Or Non Performing Assets Of State Owned Banks

Gross non-performing assets (NPAs), or bad loans, of state owned banks surged 56.4 per cent to Rs 614,872 crore during the 12-month period ended December 2016, and appear set to rise further in the next two quarters with many units, especially in the small and medium sectors, struggling to repay after being hit by the […]