Bad Assets

India’s primary experience with asset reconstruction companies (ARCs) has not been great. Government guarantee, however, could be a game changer

Centre working on ‘bank-driven', not government-driven, solution for bad assets: FM Nirmala Sitharaman

The Union Finance Minister while reacting to opposition's allegation of 'selling family silver', stated that the government for the first time has devised a clear strategy on divestment so that taxpayers' money is spent wisely, adding it wants few public sector enterprises in specified sectors to do well.

Air India mulls Rs 10,000-cr debt rejig under RBI's new scheme

Air India, which is operationally profitable now, is looking to rejig debt worth Rs 10,000 crore under the scheme for sustainable restructuring of bad assets floated by the Reserve Bank of India.

Empower bank boards, set up SPV to contain bad loans: Industry

To contain non-performing assets of banks, the government should empower the boards of public sector banks to deal with bad assets with the help of a special purpose vehicle which can lay broad guidelines for the lenders to take "haircuts", an industry body said

Recoveries for banks to start in second half of FY'18

Lenders' hopes of recovering money from assets qualified as 'bad' recently will come true in the latter half of the next fiscal, once changes in redressal mechanisms are introduced, BofA-ML said on June 9

Central Bank of India posts Rs 1,396 cr loss for FY16

Central Bank of India said it has registered a consolidated loss of Rs 1,396.37 crore for fiscal ended March 2016 due to higher provisions for bad assets

Arcil targets comeback through mid-cap deals, fundraising

Country's oldest asset reconstruction company Arcil has blamed an "overheated market" for its slow pace of snapping up bad assets in recent years, but asserted that it will regain its past eminence by focusing on mid-cap deals and undertake a fundraising exercise this fiscal.

No domestic trigger for market to lean on; pharma rich: Kotak MF

Speaking to CNBC-TV18, Upadhyaya says he remains cautious on the banking sector, and is underweight on corporate lending and public sector banks. But he is positive on retail banking where risks of bad assets and inadequate capital are low.

NPAs: RBI may ask banks to provide additional Rs 30K cr in FY16

CNBC-TV18‘s Latha Venkatesh, quoting sources, says that the RBI, as a part of its clean-up act, wants banks to provide for all stressed assets by March this year and also increase provisioning.

2015: The year of banking reforms

The stressed assets' problem grew worse as the year progressed and this prompted every stakeholder to try and come up with a solution.

Drought in state impacted loans: Bank of Maharashtra

The bank's gross non-performing assets (NPAs) rose to 5.4 percent at Rs 7986.34 crore versus Rs 7574.86 crore on a quarter-on-quarter basis.

RBI revises joint lenders' forum guidelines to rein in NPLs

These are incremental changes that the Reserve Bank of India (RBI) has made to ensure that banks get together and try and save assets from becoming NPLs.

Marginal exposure to Amtek Auto; no SDRs: Karur Vysya Bank

About Rs 16,000 crore loans and bonds of Amtek Auto, which provides ancillary parts to Maruti Suzuki, are at stake. The company's rating has been downgraded to C in August, from A + on weak financial fundamentals.

ICICI Bk nos dismal; no relief on bad loans seen: Experts

Jignesh Shial, Research Analyst at IDBI Cap Markets, says the stock is a buy but adds that investors should keep a cautious stance on it.

Govt seeks suggestions for improving PSU banks' performance

The government will post the information related to performance of public sector banks (PSBs) vis-a-vis private sector banks.

Banks' NPAs could rise on account of slowing economy: PMEAC

Non-performing Assets (NPAs) of banks have been going up for the last two years due to slowdown in the economy. The gross NPAs of some public sector banks, including State Bank of India and Punjab National Bank have crossed 4 per cent of the total assets at the end of March, 2013.

No cut in lending rates; see net NPA below 2%: Indian Bank

TM Bhasin, chairman and MD, Indian Bank says, in an interview to CNBC-TV18, that there will be no cut in lending rates and going ahead, net NPA is expected to be less than 2 percent.