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Banks gross NPAs
Lok Sabha passes amendment in Bankruptcy code
Sat, Dec 30, 2017
IBC was introduced in 2016, with an aim to find a time-bound resolution on companies that have become insolvent and to protect the interest of creditors.
Prompt corrective action not to constrain banks normal operation: RBI
Fri, Dec 22, 2017
The prompt corrective action framework is intended to encourage banks to eschew certain riskier activities and focus on conserving capital so that their balance sheets can become stronger.
Punjab National Bank, Union Bank bad loan growth slows but provisions weigh
Fri, Nov 03, 2017
State-run lenders account for the bulk of India`s 9.5 trillion rupees in soured bank loans as of June. The surge in bad loans has choked new lending in an economy which needs more investment to help spur growth.
Bank Unions hold protest march; Here's are the list of demands
Fri, Sep 15, 2017
Bank unions held a protest march with a list of demand which was related to government's consolidation and Insolvency & Bankruptcy move.
Second list of defaulters out; RBI hope lenders file for IBC on their own without regulatory directions
Fri, Sep 08, 2017
Acharya said, " The Reserve Bank has now advised banks to resolve some of the other accounts by December 2017; if banks fail to put in place a viable resolution plan within the timelines, these cases also will be referred for resolution under the IBC."
NPA issues will be resolved by fiscal end: Economic Adviser
Thu, Sep 07, 2017
The Reserve Bank has already identified 50 large stressed accounts that account for two-thirds of the over Rs 8 trillion dud loans and banks have started resolving these assets accounts through the bankruptcy code.
Fewer and stronger PSU banks but what about their stressed assets?
Mon, Sep 04, 2017
The Government of India is all set to make fewer and stronger PSBs in the coming months - as an move to tackle their non-performing assets (NPAs). A list of total 21 PSBs are considered to become 10 - 12 banks.
Axis Bank has exposure on 12 accounts in RBI's second list of defaulters
Fri, Sep 01, 2017
Axis Bank stated that RBI has directed the bank to finalize and implement viable resolution plan for the identified second list of defaulters as on June 2017.
NPA crisis: RBI prepares second list of defaulters for insolvency proceedings
Wed, Aug 30, 2017
RBI is initiating insolvency proceedings for defaulters who account about 60% banks stressed assets. After identifying 12 accounts, RBI has guided banks over second list of defaulters for insolvency.
What does SBI merger tells us about the upcoming bank mergers?
Thu, Aug 24, 2017
The Union Cabinet has approved an alternate mechanism for the merger of other PSBs in the coming days. Even though the move is expected to help but yet not entirely the solution needed for PSBs.
Five public sector banks account for nearly half of non-performing assets
Fri, Aug 18, 2017
NPA problem of banks have worsen further during Q1FY18. Banks have seen sharp rise of 34% year-on-year and nearly 17% quarter-on-quarter rise in NPAs.
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.
Bank NPAs make opportunity for asset reconstruction firms: Jaitley
Sun, Jul 30, 2017
"The opportunities presented by the Insolvency and Bankruptcy Code (IBC) framework and the government`s emphasis on resolution represent a unique opportunity for ARCs and Private Equity (PE) firms," Jaitley said here at a meeting with leading ARCs and PE firms focussed on stressed assets.
Challenge lies in IBC's successful implementation: SC judge
Sat, Jul 29, 2017
Emphasising that the Code is important for the country's economy, Justice Sikri said interpreting the law is also a challenge before National Company Law Tribunal (NCLT) and Insolvency and Bankruptcy Board of India (IBBI).
Insolvency Code to boost entrepreneurship, ease of doing business
Sat, Jul 29, 2017
Addressing captains of industry at a day-long national conference on IBC organised by the Associated Chambers of Commerce and Industry of India (Assocham), the minister said the code would facilitate insolvency of corporates in a timely manner to maximise value of their assets.
These powers will be given to RBI under new Banking Regulation (Amendment) Bill 2017
Mon, Jul 24, 2017
The Banking Regulation (Amendment) Bill 2017 which seeks to amend Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017 was introduced in Lok Sabha on Monday.
Despite 21% jump in NPAs in FY17, lenders lap up education loans
Sun, Jul 23, 2017
Banks and other lenders together disbursed around Rs 20,000 crore in education loans in FY17, up from around Rs 17,000 crore a year ago, while total outstanding grew 1.6 per cent to Rs 81,600 crore.
Cleaning of banks' balance sheet top priority: Acharya
Sat, Jul 22, 2017
Banks are saddled with non-performing assets (NPAs) of over Rs 7 lakh crore. According to the government, NPAs have reached unacceptably high levels and need urgent measures for their resolution.
Electrosteel bankruptcy: NCLT appoints interim resolution
Sat, Jul 22, 2017
The Kolkata bench of NCLT appointed Dhaivat Anjaria as IRP for ascertaining the particulars and convene a committee of creditors for evolving the resolution plan of the creditors.
Rs 8 lakh crore NPAs may face bankruptcy proceedings by March 2019
Sun, Jul 16, 2017
"So, it should be safe to assume that the non-performing assets (NPAs) mess would largely be resolved by the first quarter of financial year 2019-20," Assocham study titled 'NPAs Resolution: Light at the end of tunnel by March 2019' said.