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
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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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
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
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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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
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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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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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.
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