SEBI has put off implementation of its directive 'until further notice' that required listed firms to inform exchanges if they default on loan payments.
The move seems to be proposed as over 25,000 flat owners are in a soup for around eight years. The investment will help the complete the unfinished projects.
The agency said it estimates the total amount of stressed loans, which includes NPAs and standard assets that are under pressure currently and could deteriorate into NPAs, to be at Rs 11.5 trillion or 14 per cent of the system.
Work has already begun on the resolution of 39 cases that have been identified by the Reserve Bank of India (RBI).
Jaitley was in city to attend the centenary completion celebrations of Pune District Central Co-operative Bank (PDCC). NCP chief Sharad Pawar is associated with this bank for last 50 years.
A look at top cues from the domestic and international markets that could have a bearing on D-Street today.
The governor could not have asked for a better anniversary gift. And to be fair he deserves it. While the former governor took the responsibility of forcing the recognition of NPAs, to governor Patel goes the credit of shepherding the resolution process.
The RBI Deputy Governor said that banks should engage in renegotiation much before default has actually taken place.
The NPA ratio of 38 banks increased to 10.21 percent in June 2017 from 8.42 percent in June 2016, which is the highest in the last six quarters, according to a data report compiled by Care Ratings.
"It is worrisome that the level of NPAs in the MSME sector has touched 16 per cent. We are trying to solve the problem", CGM of SBI (Bengal circle) Partho Pratim Sengupta said.
Out of these 12 accounts, nine have already been referred to the NCLT, while Lanco Infra, Jaypee Infratech and Era Infra are yet to be admitted.
The Chennai-based lender is also targeting to improve its net interest margin to 3 per cent from 2.79 per cent now.
The Banking Regulation (Amendment) Bill, 2017, which replaces Banking Regulation Ordinance, was passed in the Lok Sabha on Thursday
Chairman and founder of Bandhan Bank, Chandra Sekhar Ghosh said that credit growth during the first quarter witnessed 35 per cent growth at Rs 21,389 crore year-on-year and deposits saw 51 per cent growth at Rs 22,439 crore.
Keki Mistry said HDFC will file the red herring prospectus for HDFC Life IPO by October and aims to launch the issue this year itself
Yes Bank reported better than expected earnings for the quarter ended June 30 mostly on all the key parameters and the asset quality has also shown considerable improvement on a quarter-on-quarter basis (QoQ).
Despite increasing number of students not paying back their loans spiking NPAs to over 10 percent, lending continues for higher education with the disbursals topping Rs 20,000 crore in fiscal 2017, according to a report.
GMR Rajahmundry's lenders include nine banks such as IDBI Bank and IDFC.
Last year, the ministry provided capital to banks in two tranches. As many as 13 public sector banks together got Rs 22,915 crore in the first tranche announced in July 2016.
These 50 companies are from the metals (30 per cent of total debt), construction (25 per cent) and power (15 per cent) sectors, and account for half of the Rs 8 lakh crore non -performing assets (NPAs) in the banking system as on March 31, 2017.
On July 17, the Gujarat High Court dismissed Essar Steel's petition against the Reserve Bank of India (RBI).
The extant prudential NPA norms were brought in after extensive consultations and were based on the report of the Committee headed by M Narasimham on Banking Sector Reforms, Minister of State for Finance Santosh Kumar Gangwar said in the Rajya Sabha.
Axis Bank’s gross bad loans have jumped the steepest in the industry by over 350 percent in the last five quarters.
In the last couple of weeks, at least three of the 12 companies including Bhushan Steel, Amtek Auto, Era Infrastructure Engineering have seen immediate changes in their top management.