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At Rs.13K crore, IVRCL rivals top NCLT cases
Thu, Apr 19, 2018
After accounting for the claims from about 38 financial institutions, over 2,815 operational creditors and 3,368 unpaid workers as per the data compiled by resolution professional, the total claim now stands at Rs 13,405.92 crore.
Fitch warns of ICICI downgrade if allegations against CEO proven
Tue, Apr 10, 2018
An investigation into allegations that ICICI Bank extended a loan with a potential conflict of interest raises question over the bank’s governance and creates reputational risks, says Fitch Ratings.
Bank NPAs crisis: Govt hopes to get just half of Rs 9.5 lakh crore back
Thu, Apr 05, 2018
The government on Wednesday said that it is hopeful of getting Rs 4 lakh crore back into the system out of a total of Rs 9.5 lakh crore that has been locked up in the non-performing assets (NPAs) accumulated by the banks.
What created the bank NPA crisis? Here is P Chidambaram's explanation
Mon, Mar 12, 2018
Congress leader and former union minister P Chidambaram said telecom and power sectors have contributed to the bank NPA problem more than anything else due to the 'malicious twist' given to the UPA government's policies governing them. "I think the CAG report on telecom was a gross exaggeration.
RBI fines Axis for under-reporting NPAs, IOB for KYC lapse
Tue, Mar 06, 2018
The Rs 12,636 crore fraud at Punjab National Bank (PNB) is forcing Reserve Bank of India (RBI) to swing into action.
PNB no one-off! Financial frauds run far and wide in India: RBI's recorded data
Fri, Feb 16, 2018
Investors may have been shocked when one of India's biggest banks disclosed a $1.77 billion fraud by billionaire jeweller Nirav Modi, but the central bank has recorded data that shows the problem runs far deeper and wider.
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
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
NPA problem can be gauged by absolute level of impaired assets: CARE Ratings
Wed, Dec 27, 2017
The NPA ratios for countries has been categorized under four headings: very low NPAs which are less than 1%, low level 1-2%, medium 2-5% and high levels above 5%, the agency said.
Wilful loan defaulters can't bid to buy back their assets
Thu, Nov 23, 2017
Under the revised rules, borrowers whose loan accounts are classed as non-performing for a year or more will not be eligible to bid for the assets in bankruptcy proceedings
After Indian Hotels, Cyrus Mistry aims at Tata Motors with Rs 4,000 crore NPA loss due lending practices
Tue, Aug 22, 2017
After hitting out at Indian Hotels management, Cyrus Mistry fired a fresh salvo at another Tata Sons company, Tata Motors on Tuesday.
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.
Indian banks are most at risk in South and SE Asia, Moody's says
Wed, Jul 26, 2017
Key Highlights: Indian banks most vulnerable in South and Southeast Asia Moody's says result from a poll in Hong Kong and Singapore
Indian banks face $37 billion hit from top 50 stressed assets: CRISIL
Wed, Jul 19, 2017
Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.
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.
CVC monitors CBI probe in top bank frauds, including Vijay Mallya
Sun, Jul 02, 2017
The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide.
Fitch affirms eight banks' IDRs as 'stable'
Tue, Jun 27, 2017
Fitch Ratings on Tuesday that it has affirmed Issuer Default Rating (IDR) of eight Indian banks.
These two companies stand to gain immensely if India goes ahead with steel sector bankruptcies
Mon, Jun 26, 2017
RBI said, "The Internal Advisory Committee (IAC) recommended for IBC reference all accounts with fund and non-fund based outstanding amount greater than Rs 5000 crore, with 60% or more classified as non-performing by banks as of March 31, 2016. The IAC noted that under the recommended criterion, 12 accounts totaling about 25% of the current gross NPAs of the banking system would qualify for immediate reference under IBC."
RBI warns banks to resolve 55 NPA accounts in 6 months
Fri, Jun 23, 2017
The Reserve Bank of India has directed the banks to find solutions for 55 NPA accounts within 6 months or face Insolvency and Bankruptcy Code. Earlier, the RBI had identified 12 NPA accounts for insolvency proceedings. Watch full video to know more.
India Inc's owes Rs 27 lakh crore in loan payments
Thu, Jun 22, 2017
Despite reporting positive performance in FY17, India Inc still faces hard time repaying its debt. Outstanding loan funds reached to Rs 26.5 lakh crore in FY17.