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banks stressed assets News
banks stressed assets
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."
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.
Viability of renewable energy projects worth Rs 48,000 crore hang in balance as banks turn cautious on lending
Mon, Aug 28, 2017
Power sector which accounts for nearly 35% of banks stressed assets may make them cautious in lending further due to discoms relatively strong financially are renegotiating PPA tariffs.
Acharya blames RBI's forbearance schemes for NPA issue
Thu, Aug 24, 2017
"Unfortunately the RBI, for variety of reasons, has engaged in various forbearance schemes saying you can take another 18 months or two years...In one way or the other, we've actually contributed to the NPA problem to become so protracted over a period.
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.
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.
Have zero tolerance on NPAs; fight cases: Finmin to banks
Sat, Jul 08, 2017
The ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well.
RBI warns of more NPA pain, sees bad loans topping 10% by March
Fri, Jun 30, 2017
Level of GNPAs of large borrowers increased between September 2016 and March 2017, their restructured standard advances declined during the same period resulting in a reduction of total stressed advances by 1.8%.