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Debt issuance in bond market slows
Tue, Sep 12, 2017
Both issuance in corporate bond market and government securities has been at a slower pace since the start of FY18 this despite bank credit growth travelling history low.
Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms
Tue, Sep 12, 2017
Banks argue that the haircuts they are expected to take cannot be extrapolated to the other exposures, which they say are backed by more productive assets.
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.
PSU banks took recovery action against 5,954 wilful defaulters, FinMin says
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
Defaulters owe 27% of total amount to SBI alone, PNB next
Sun, Aug 20, 2017
The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, from Rs 76,685 crore at the end of last fiscal 2015-16 -- up 20.4%.
NPA resolution not to liquidate cos, but to help save them: FM Jaitley
Sat, Aug 19, 2017
Gross NPAs have crossed 9.6 per cent as of March 2017, while the stressed loans ratio is over 12 per cent.
NPA resolution: Urjit Patel calls for recapitalisation of banks
Sat, Aug 19, 2017
Reserve Bank Governor Urjit Patel today called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 per cent of the system is not acceptable.
NPA resolution to spur credit expansion, growth: Panagariya
Sun, Aug 13, 2017
Terming the non-performing assets (NPAs) or bad loans problem as a 'legacy issue', Arvind Panagariya said that even after three years of the NDA government taking charge, it has not gone away.
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.
Rs 8 lakh crore NPAs may face bankruptcy proceedings by March 2019
Sun, Jul 16, 2017
"So, it should be safe to assume that the non-performing assets (NPAs) mess would largely be resolved by the first quarter of financial year 2019-20," Assocham study titled 'NPAs Resolution: Light at the end of tunnel by March 2019' said.
Q1FY18 results for the banking sector don't look too upbeat
Mon, Jul 10, 2017
Looks like India's banking universe especially PSBs will continue to suffer with subdued earnings in Q1FY18.
Bhushan Steel fourth-quarter loss bigger than stated earlier
Thu, Jul 06, 2017
Bhushan Steel Ltd reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs.
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."
Department of Telecom asks Centre to cut its revenue target from the sector
Mon, Jun 19, 2017
Department of Telecom has asked for a revise in non-tax revenue targets for the current fiscal.
RBI's NPA resolution move is credit positive, Moody's says
Mon, Jun 19, 2017
The Reserve Bank of India's (RBI) move last week to resolve 12 borrowers responsible for a quarter of total non-performing assets (NPAs) of Indian banks is credit positive, ratings agency Moody's Investors Services said on Monday.
RBI to direct banks to start bankruptcy proceedings against 12 defaulters
Wed, Jun 14, 2017
The committee narrowed the list to 12 by focusing on accounts owing more than 50 billion rupees ($777.2 million), where 60 percent or more of the loan had been already classified as non-performing by banks as of March 31, 2016.
Debt continues to be key constraint for India, Moody's says
Thu, Jun 01, 2017
Moody's said, "India (Baa3 positive) is implementing a number of wide-ranging reforms and measures that, if effective, will broaden the tax base and anchor fiscal consolidation. Under such outcomes, the government's debt burden, a key constraint on India's credit profile, would ease gradually."
Q4 Review: Reduction in MCLR worked well for private banks but not for PSBs
Mon, May 29, 2017
The financial year 2016-17 (FY17) was no different for the India's banking system as it continues to suffer from single-digit loan growth, weak net interest income (NII) and lack of resolution to its non-performing assets (NPAs).
FM Jaitley to take stock of NPAs at review meet on June 12
Fri, May 26, 2017
Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark, the bulk of which are in sectors such as power, steel, road infrastructure and textiles.