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Non-performing Assets (NPAs) News
Non-performing Assets (NPAs)
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.
Q4 results likely to show recovery as note-ban woes fade
Mon, Apr 10, 2017
Jeffries said that the markets are likely already factoring in potential upward revision in consensus earnings in 2017-18.
Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra
Sun, Sep 18, 2016
Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers.
Past lending mistakes to blame for credit slowdown, Raghuram Rajan argues
Tue, Jul 26, 2016
Rajan argued, "Whenever one sees a slowdown in lending, one could conclude there is no demand for credit – firms are not investing. But what we see here is a slowdown in lending by public sector banks vis a vis private sector banks."
Equitas Holdings' Q1 net profit up nearly 64%; shares surge over 4%
Fri, Jul 22, 2016
Equitas Holdings on Friday posted a 64% growth in its consolidated net profit for the first quarter (Q1) ended June 30, 2016, the company said to the BSE in a notification.
Axis Bank Q1 net profit falls 21% to Rs 1,555,53 lakh
Fri, Jul 22, 2016
Axis Bank on Friday reported over 21% decline in the net profit for the first quarter (Q1) ended on June 30, 2016.
India's 'bad loans' problem in 8 charts
Thu, Jul 21, 2016
All India Bank Employee Association has released the data showing the total number of loan defaulters and the amount they owe. The data also segregates information based on banks.
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..
Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra
Wed, Jul 20, 2016
India’s bad debt is concentrated in four sectors - iron and steel, construction and infrastructure, power and textile which hold 55% of the total Rs 11.8 trillion debt, a report by India Ratings agency stated.
NPAs ratio in public sector banks up 9% in FY16
Tue, Jul 19, 2016
Bad loans in the public sector and scheduled commercial banks of India have risen in FY16 on the back of sluggish domestic growth, slowdown in recovery of the global economy and fall in exports.
Govt likely to make first round of capital infusion in PSBs within next few weeks
Mon, Jul 04, 2016
The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
New RBI scheme has flaws, but will curb fresh NPAs, says Crisil
Thu, Jun 16, 2016
The new scheme will give a lifeline to stressed corporates while for banks, it will help in curbing additions to non performing assets (NPAs) in the near-term, Crisil said.
Defaulters won't be allowed to sleep well: Arun Jaitley
Sun, Jun 05, 2016
Jaitley, who was on a six-day visit to Japan to attract investments, said the losses were because of provisioning to cover for bad debt.
SBI fourth quarter profit down 66%, analysts say this was expected
Fri, May 27, 2016
State Bank of India, the nation`s top lender by assets, reported a worse-than-expected 66 percent fall in quarterly profit due to sharply higher provisions for bad loans.
HDFC Bank plans to open 500 new branches this fiscal
Sun, May 22, 2016
About 60% of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas.
Banks have reached peak of NPAs: Arun Jaitley
Mon, May 16, 2016
Jaitley stressed that his ministry and the RBI share a very "mature relationship".
Indian Bank's Q4 net profit declines 59% to Rs 84 crore
Wed, May 11, 2016
The bank had posted a net profit of Rs 206.16 crore in the January-March period of the previous fiscal.
Oriental Bank of Commerce posts net profit of nearly Rs 22 crore in Q4
Wed, May 11, 2016
The bank has reported a tax gain of Rs 169 crore for the quarter under review.
Economic downturn one of many reasons for rising bad loans: Raghuram Rajan
Sun, May 01, 2016
Not satisfied with earlier response, Public Accounts Committee (PAC) has examined Rajan's response but can ask the RBI Governor to appear before it in future once it is reconstituted
Axis Bank stocks down nearly 5% after lacklustre Q4 show
Wed, Apr 27, 2016
The third-largest private sector lender, on Tuesday negatively surprised markets with a 1% drop in March quarter profit at Rs 2,154 crore on higher provisions and set aside money in a buffer expecting deterioration in asset quality in future.