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India must address banking sector crisis to support investment, inclusive growth agenda: IMF

India must address banking sector crisis to support investment, inclusive growth agenda: IMF

Fri, Jun 08, 2018

International Monetary Fund Spokesman Gerry Rice responding to a question on India's banking sector crisis said Indian authorities have made progress in addressing the stock of non-performing assets and were taking further measures to deal with the flow problem. 

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Now, IVRCL rivals the biggest NCLT cases at Rs 13,000 crore

Now, IVRCL rivals the biggest NCLT cases at Rs 13,000 crore

Thu, Apr 19, 2018

With aggregate claims against IVRCL touching Rs 13,406 crore, the Hyderabad-based diversified construction major’s debt is now close to some of the large non-performing assets (NPA) accounts identified by the Reserve Bank of India (RBI) for immediate resolution. After accounting for the claims fr

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Government nominee not available on Loan Sanction Committees of banks: Sources

Government nominee not available on Loan Sanction Committees of banks: Sources

Wed, Apr 18, 2018

According to the sources, under the Banking Act, the banks are not obliged to report loans that have been sanctioned. Section 45 of the Act allows banks to keep the information confidential.

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PSBs should reduce exposure to infra sector - if not completely avoid it

PSBs should reduce exposure to infra sector - if not completely avoid it

Wed, Apr 04, 2018

PSBs did assist in creating much-needed infrastructure, but the question remains at what cost and whether there are better avenues to fund the infrastructure in the future. The non-performing assets (NPAs) that the PSBs hold from the infrastructure sector clearly  point  towards the need for alternative financing mechanisms.

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Indian infrastructure makes steady progress, creates investment climate

Indian infrastructure makes steady progress, creates investment climate

Thu, Mar 15, 2018

As we approach the end of quarter one of calendar year 2018, it is a good time to take stock of changes in Indian infrastructure this year. 2018 is a year that has started with the promise of significant asset price volatility globally.

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PNB scam: PSBs asked to check all NPAs above Rs 50 crore for possible fraud

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.

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RBI's new NPA norms may undermine bank earnings: Fitch

RBI's new NPA norms may undermine bank earnings: Fitch

Thu, Feb 22, 2018

Stronger regulatory efforts to clean-up bad loan problems, combined with planned recapitalisation of state banks, could help support a recovery in the sector over the medium term.

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Implementation gap may hit Insolvency and Bankruptcy Code

Implementation gap may hit Insolvency and Bankruptcy Code

Tue, Feb 20, 2018

A comprehensive bankruptcy code alone can address the issue of non-performing assets, taking into consideration international practices

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PNB fraud: Are public sector banks heading to gallows in India?

PNB fraud: Are public sector banks heading to gallows in India?

Mon, Feb 19, 2018

By Anto T Joseph

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58% banks report rise in bad loans in July-Dec: Survey

58% banks report rise in bad loans in July-Dec: Survey

Wed, Jan 24, 2018

According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round. Infrastructure, metals and engineering goods were key contributors to the bad debt.

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ICICI Bank second-quarter profit falls, but bad loans stable

ICICI Bank second-quarter profit falls, but bad loans stable

Fri, Oct 27, 2017

ICICI Bank Ltd, India`s third-biggest lender by assets, reported a bigger-than-expected 34 percent fall in second-quarter profit on lower income and due to higher provisions for stressed loans and bankruptcy cases.

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India Inc's capital expenditure revival still four years away?

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.  

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Q2FY18 preview: RBI's NPA resolution under IBC to weigh on banks' earnings

Q2FY18 preview: RBI's NPA resolution under IBC to weigh on banks' earnings

Wed, Oct 11, 2017

Banks struggle with higher NPA, weak asset quality, muted credit growth, higher slippages which has impacted its earnings since past few quarters. Their Q2FY18 is expected to remain subdued on the back of these factors 

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Debt issuance in bond market slows

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.

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Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms

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. 

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NPA issues will be resolved by fiscal end: Economic Adviser

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.

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PSU banks took recovery action against 5,954 wilful defaulters, FinMin says

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. 

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Defaulters owe 27% of total amount to SBI alone, PNB next

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%.

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NPA resolution not to liquidate cos, but to help save them: FM Jaitley

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.

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NPA resolution: Urjit Patel calls for recapitalisation of banks

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.

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