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Stressed Assets News
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.
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.
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.
Private banks lead PSU banks in credit, deposit growth in FY17
Tue, Jul 04, 2017
Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.
No trading restriction on stocks going under bankruptcy, says Sebi
Thu, Jun 29, 2017
Ajay Tyagi, Chairman, Sebi has said there will be no trading restriction on companies going under IBC. However, he cautioned mutual funds industry to not take NPAs as debt transfer.
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."
Ind-AS migration to raise banks' capital need by 30%: SS Mundra
Fri, Jun 23, 2017
Mundra said banks are concentrating on lending to the manufacturing sector but needs to focus services sector also.
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.
As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain
Tue, Jun 20, 2017
Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.
Shares of these 12 companies plunge as banks begin meet to resolve NPA issue
Mon, Jun 19, 2017
RBI had asked bankers to bring the identified 12 defaulters before NCLT by the end of this month.
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 deputy Mundra says state-run lenders may need more capital
Fri, Jun 16, 2017
Mundra, addressing reporters in the sidelines of a banking event in New Delhi, also said there was no specific timeline set by the central bank to identify additional loan defaulters on which bankers would need to start bankruptcy proceedings.
RBI identifies 25% gross NPAs for insolvency; we bring pros and cons
Wed, Jun 14, 2017
RBI has made its move in bring 12 accounts under insolvency and bankruptcy code. How will banks cope up with this would be keenly watched, however we bring you pros and cons for the central banks decision.
Top five sectors with most exposure to banks NPAs; What can be done?
Tue, Jun 13, 2017
Sectors like steel, textile, power, telecom and infrastructure accounts for most of banks stressed assets. About 60% of banking systems stress belongs to these sector.
Government close to resolving some bad power loans - Piyush Goyal
Mon, Jun 12, 2017
Bad loans in the power sector continue to weigh on India`s banks.
Banks would have to wait more before seeing revival in asset quality
Thu, Jun 08, 2017
NPAs are the primary issue in Indian banking system presently. A host of moves have been taken by RBI and government but these problems are far from over.
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."