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bad debts News
A Historic Low: What's really happening with bank credit growth?
Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
The debt threat lurking behind India's zombie power plants
Fri, Jul 21, 2017
In the central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress.
Vijay Mallya's Twitter account hacked
Fri, Dec 09, 2016
A group called ‘Legion’ tweeted from Vijay Mallya’s account on Friday, giving details of his whereabouts in London along with his phone number and assets held with several banks.
NPAs nearly doubled to 8.5% in Q1: Report
Thu, Aug 18, 2016
The banking sector's non-performing assets (NPA) almost doubled to 8.5 per cent in the first quarter of this fiscal, driven by surging bad assets of state-run lenders, Care Ratings said.
Will commercial banks too feel the strain of rising NPAs?
Wed, Jul 20, 2016
“The government has taken specific measures to address issues in sectors such as Infrastructure (Power, Roads etc.), Steel and Textiles, where incidence of NPAs is high, said Santosh Kumar Gangwar, Minister of State (MoS) for Finance in a response to a question in the Lok Sabha..
Skeletons in the closet: India bad loans getting messier
Thu, May 12, 2016
India`s bad-loans problem looks much worse than lenders have been willing to acknowledge, heaping pressure on banks` profits and further tightening the screws on distressed debt that could be bigger than New Zealand`s $170 billion economy.
Govt must provide more capital to support PSBs in near term: Moody's
Mon, Apr 25, 2016
They could see negative pressure on their credit profile if the government does not revise upwards its capital infusion plans, said the Moody's report