April 06, 2020 12:19 pm
On India, the report said "the NPA ratio in India is likely to fare similarly to China's (1.9 per cent 2 per cent) but the credit costs ratios could be worse, increasing by about 130 basis points," the rating agency's credit analyst Gavin Gunning said in the report.
July 17, 2019 1:55 am
The decline in number of bad loans is a result of government’s 4Rs — strategy of recognition, resolution, recapitalisation and reforms, Sitharaman said in a written reply in Rajya Sabha.
June 13, 2019 5:32 pm
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.
April 20, 2019 5:09 am
The bank’s exposures to Srinagar Banihal Expressway (Rs 200 crore) and Maa Mahamaya Industries (Rs 51 crore) are being offered on a 100 per cent cash basis.
April 14, 2019 7:04 am
The CPI(M) also called it “cronyism of the highest order”. Party general secretary Sitaram Yechury said neither the banking sector nor the Reserve Bank of India has disclosed identity of borrowers whose loans were written off by banks.
April 14, 2019 8:17 am
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.
April 03, 2019 6:51 pm
The Supreme Court Tuesday quashed the stringent RBI circular which mandated banks to recognise even one-day defaults.
March 20, 2019 7:34 am
Stress faced by certain industries, drought in some areas hurt patronage of financial schemes for MSMEs, says State Level Bankers’ Committee report
March 03, 2019 2:10 am
The state-run lender has set a reserve price of Rs 415 crore for Essar Steel India, Rs 709.50 crore for Bhushan Power & Steel and Rs 197.63 crore for Alok Industries.
March 02, 2019 5:05 pm
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.