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Non-performing assets News
PNB scam: PSBs asked to check all NPAs above Rs 50 crore for possible fraud
Tue, Feb 27, 2018
Late on Monday night, PNB informed stock exchanges that the amount of fraudulent transactions involving the Nirav Modi scam could go up by over Rs 1,300 crore. "In continuation to our filing with stock exchanges on February 14, 2018, we have to inform that quantum of reported unauthorised transactions can increase by $204.25 million," PNB said in a Bombay Stock Exchange (BSE) filing.
Develop a US-style online platform to sell bad loans: Acharya
Sun, Jan 21, 2018
The RBI deputy governor has opined that such an online trading platform can help create a thriving market for selling bad loans
HDFC Bank Q3 net rises 20.10% to Rs 4,642.6 crore
Fri, Jan 19, 2018
The private sector bank had posted a net profit of Rs 3,865.33 crore in the October-December quarter of last fiscal.
Fight's on: Dud assets aplenty, to keep RBI in cleansing mode in 2018
Sun, Dec 31, 2017
It will keep hearing shrill calls for rate cuts as it did in 2017, it will have to be vigilant for containing inflation and be blamed by naysayers for not doing enough to boost growth and it will have to remain in cleansing mode for ridding the banking sector of bad loans -- 2018 may be another 2
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.
India Inc's capital expenditure revival still four years away?
Wed, Oct 11, 2017
Capex by both private and public sector entities, primarily on maintenance will marginally increase in the near term- somewhat Rs 1 lakh crore between FY18 - 20.
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.
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."
Former RBI governor Raghuram Rajan pitches for state asset sales to bail out banks
Thu, Sep 07, 2017
The expected losses from the bad loans mean banks will need tens of billions of dollars of fresh capital, but the government does not have the money to fund such a bail-out, Raghuram Rajan said.
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.
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.
Has NPA recognition by banks post AQR complete or is it just a myth?
Thu, Aug 10, 2017
Gross NPAs of 21 banks have reached to 8.07% in June 2017 compared to 6.96% in June 2016 and 3.92% in June 2015.
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.
Banks' exposure to telecom sector at Rs 97,681 crore: FM Jaitley
Tue, Jul 25, 2017
For public sector banks, the gross Non Performing Asset (NPA) ratio and stressed advances ratio for the sector stood at 3.68 per cent and 11.29 per cent respectively, at the end of 2016-17 fiscal.
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.
Sebi asks banks to disclose divergence in asset classification
Tue, Jul 18, 2017
Giving another helping hand to RBI, market watchdog Sebi has asked banks to disclose divergence in asset classification to the stock exchanges in their financial audits.
RBI might take up NPAs worth Rs 8 lakh crore for resolution by 2019: Assocham
Mon, Jul 17, 2017
Industry body Assocham on Sunday said the Banking Regulation (Amendment) Ordinance has empowered the Reserve Bank of India (RBI) to take up "bad loans worth about Rs 8 lakh crore" for resolution by March 2019.
Action against Essar Steel based on internal panel's advice, RBI tells Gujarat HC
Sat, Jul 15, 2017
A single bench judge bench of Justice S.G. Shah is hearing a petition filed by the steel major on July 4 seeking quashing of insolvency proceedings, claiming that the action was unilaterally initiated without giving it a hearing at a time when the company was in a major restructuring mode.