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banks stressed assets News
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banks stressed assets
RBI’s new framework brings one ‘gateway’ for NPA resolution
Tue, Feb 13, 2018
Gross NPAs of banks continue to increase by 34.5% in Q3-FY18 on top of 59.3% last year, while NPA ratio touched 9.45% from 8.34% in December 2016.
IBC a helping tool for twin balance-sheet, investment crisis: Economic Survey
Mon, Jan 29, 2018
The issue of twin balance-sheet and low private investment due to banks' stressed assets and over-leveraged corporate books hampering the growth prospects.
Recapitalisation plan credit positive for all PSBs: Moody's
Thu, Jan 25, 2018
The government will provide material capital infusions for even weak PSBs since IDBI, CBI and IOB received amongst the highest capital allocations, said Moody's.
RBI concerned over banks' rising exposure to sovereign bonds
Wed, Jan 17, 2018
Share of commercial banks in outstanding G-Sec was around 40%, while investment of SCBs in these bonds was about 82% of total investment by end of FY17.
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.
Disclose names of defaulters, suggests parliamentary panel
Fri, Dec 22, 2017
There is an urgent need for banks to reduce stressed assets and clean up the balance sheets which would increase their ability to raise capital and improve credibility, the Committee on Petitions said in its report tabled in Parliament today.
NPA issue: Can IBC help govt, RBI to deal with the problem?
Fri, Dec 22, 2017
RBI is also identifying wilful defaulters for IBC resolution under the National Company Law Tribunal (NCLT). So far, it has identified 40 wilful defaulters of banks in two lists.
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.
After BoI, 9 other banks under RBI scanner for ‘corrective action’
Thu, Dec 21, 2017
Total gross NPAs in value terms of the entire banking system stood at Rs 8.38 lakh crore as on September 2017, and these ten banks together account for 34% of these total value.
Wilful defaulters in RBI's second list may face IBC proceedings
Wed, Dec 13, 2017
Axis Bank, which was the first to come out and reveal its exposure in these defaulters, stated in Q2FY18 result that it has exposure on 12 of the identified defaulters.
PSBs write off Rs 55,356 crore in first half of FY18 to clean balance sheet
Mon, Dec 04, 2017
As PSBs loan write-off increased by nearly 54% in the first six months of fiscal FY18, it may reach by Rs 1 lakh crore by end of the financial year if the trend continues.
Banks deposit and credit growth moderate in Q2FY18: RBI
Tue, Nov 28, 2017
The RBI data showed that aggregate deposits and bank credit growth (y-o-y) decelerated across all population groups and bank groups in September 2017 from a quarter ago.
Tinkering in rates by banks unlikely in short-term: HDFC Bank
Sun, Nov 26, 2017
Both deposit and lending rates probably have bottomed out and further tinkering in rates by banks unlikely in the immediate future, he said.
Amendments to bankruptcy code a positive move: Experts
Wed, Nov 22, 2017
Asset resolution and bank recapitalisation are expected to strengthen banks' balance sheets and improve their "ability and willingness" to lend at rates in consonance with policy rates.
Axis Bank's Q2 result paints a worrisome NPA picture again
Wed, Oct 18, 2017
Axis Bank in Q2FY18 result disappointed analysts by reporting net profit of Rs 432 crore. A Bloomberg poll of analysts projected PAT (profit after tax) of Axis Bank to be at Rs 1,320 crore this Q2.
RBI: New ARCs must have minimum net owned fund of Rs 100 crore
Wed, Oct 11, 2017
ARCs are companies registered under Section 3 of the Securitization and reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
Banks NPA crisis: India Inc struggles between interest cost and capital formation
Mon, Oct 09, 2017
Industry sector has turned out to be the major problem for banks stressed assets currently in India. This sector has demanded for lower interest cost as it effects their decision to invest in capitals.
As India Inc looks away, public and private banks' turf war now shifts to retail loans
Mon, Sep 25, 2017
Retail loan has less exposure in banks stressed assets and has been considered a favourable segment which can boost the lenders credit cycle.
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."