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.
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
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.
Tue, Apr 04, 2017
According to Knight Frank India, the percentage of PE investments in Mumbai has increased in the last decade from 28% in 2010 to 57% in 2016.
Fri, Mar 24, 2017
Shares of public sector banks rose by up to 4.5 % today after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.
Fri, Mar 17, 2017
This is a 7.5% growth in stressed loans from September to December end.
Wed, Mar 15, 2017
Finance Minister Arun Jaitely on Wednesday said that non-performing assets (NPAs) are showing a declining trend in the last quarter of the current financial year. He said that despite this trend, NPAs continue to be a challenging task for banks.
Fri, Mar 10, 2017
FM Arun Jaitley will meet senior Reserve Bank of India (RBI) officials in New Delhi on Friday to discuss the issue of banks` non-performing assets (NPAs) or bad loans, according to sources.
Mon, Feb 27, 2017
The management committee was authorised to take the decision on the proposed NPA sale.
Tue, Feb 21, 2017
Fri, Feb 17, 2017
Aditya Puri, Managing Director and Chief Executive of the second largest private lender HDFC Bank, on Friday backed the idea of setting up a national bad bank, saying anything that can help resolve the perennial bad loans problem is welcome.
Thu, Jan 19, 2017
The banking sector and India Inc has been a story of over-leveraging for quite some time now. With non-performing assets (NPAs) and bad loans rising, deleveraging has been one of the major themes for corporate India in 2016. Also, the strategy seems to be paying off.
Fri, Jan 06, 2017
With India's GDP growth expected to slow down to 7.1% during 2016-17 from 7.6% in the previous fiscal, India Inc on Friday said further downward risks to growth prevail as demonetisation may pull down economic growth in the next one or two quarters.
Repayments from loans completing the restructuring moratorium were higher during the quarter.
Wed, Dec 28, 2016
Considering Acharya's major interest, does that mean with his appointment the Modi-led government once again shifts its focus on bank's long hanging stress – 'the bad loans'?
Tue, Nov 22, 2016
It said, "...although the credit growth in private sector banks was relatively higher. Interestingly, credit growth in rural and semi-urban areas continued to grow at a faster pace than urban and metropolitan areas."
Thu, Oct 27, 2016
Responding to the scathing letter written by ex-Chairman Cyrus Mistry, Tata Steel on Thursday said that the company has followed all the guidelines and has 'nothing further to comment.’
Tue, Oct 11, 2016
India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live.
Sat, Sep 03, 2016
M.B. Mahesh, Nischint Chawathe and Abhijeet Sakhare of Kotak Securities, in a report, said, "This move of RBI comes as a positive as it asks banks board to take faster action on non-performing loans (NPL) to ensure that the value of collateral is not impaired significantly.”
Fri, Sep 02, 2016
As an excellent listener and communicator, the outgoing RBI Governor Raghuram Rajan used all the modes of communication to stop the market from running ahead and got it open-mouthed instead, says a report.
Rajan will demit office on September 6, and will return to teaching.
Mon, Aug 01, 2016
Steel sector in India owes Rs 3,00,000 crore to banks, Minister of Steel, Chaudhary Birendra Singh told the Lok Sabha on Monday.
Wed, Jul 20, 2016
“The government has taken specific measures to address issues in sectors such as Infrastructure (Power, Roads etc.), Steel and Textiles, where incidence of NPAs is high, said Santosh Kumar Gangwar, Minister of State (MoS) for Finance in a response to a question in the Lok Sabha..
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