Jul 19, 2021 08:26 PM IST
Comprehensive steps have been taken by the government for speedy recovery of NPAs, including those of public sector banks (PSBs), Karad said in a written reply to the Lok Sabha.
- Mar 04, 2021 01:45 PM IST
Some of the country's state-owned banks have long struggled with a pile of bad loans, prompting the government to pump in more funds to shore up their balance sheets.
- Dec 30, 2019 11:45 AM IST
"Every fundamentals indicate towards higher growth and better future next year," Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020.
- Dec 13, 2019 01:54 PM IST
The spillover of stress among NBFCs to borrowers, and ultimately to banks, will hinder improvements in banks' asset quality, profitability and capital, which is credit negative, says a report by Moody's on Friday.
- Feb 20, 2019 05:43 PM IST
Vaibhavi Khanwalkar is in conversation with Ravi Krishnan, Deputy Executive Editor, Moneycontrol, to discuss Shantikanta Das' upcoming meeting with bankers.
- Aug 31, 2018 02:32 PM IST
SBI has initiated sale of exposure through the Swiss challenge method on the request of the three banks which were a part of the consortium of lenders
- Mar 11, 2018 02:50 PM IST
As a result, these banks may not sanction further loan to STC
- Jul 05, 2017 12:44 PM IST
The dip in the investments in new projects can be attributed to the lack of any meaningful progress in getting stalled projects off the ground. Currently, projects worth Rs 11.72 trillion are stalled in the country.
- May 30, 2017 11:31 AM IST
Even as the RBI and the Centre have been pushing banks to take the legal route in resolving bad loan assets, lenders have filed fewer number of legal cases against defaulters in FY17.
- Mar 31, 2017 01:38 PM IST
Having emerged unscathed from the bad loan mess roiling the banking sector, HDFC Bank is now looking to expand its corporate loan book.
- Mar 29, 2017 07:12 PM IST
Kotak Mahindra Bank, in a press conference on Wednesday, launched ‘811’, a zero balance digital account with the aim of doubling its customer base to nearly 16 million in two years.
- Mar 14, 2017 11:46 AM IST
In an exclusive chat with Moneycontrol, SBI Chairman Arundhati Bhattacharya said resolution of non-performing assets (NPAs) and the merger of five associate banks with itself are the key near term challenges for the bank.
- Mar 07, 2017 10:10 AM IST
Bharat Financial Inclusion on Monday said that 4.5 percent of its gross loan portfolio is under risk of turning into bad loan in the on-going fourth quarter. In a concall, the management said that portfolio with more than 8 weeks overdue was at Rs 383 crore.
- Feb 28, 2017 10:55 AM IST
On February 28, cheque clearances and cash transactions will be crippled while ATMs are likely to be exhausted of cash after the morning hours as over nine lakh bank officers and staff are set to observe one day strike on a call by the United Forum of Bank Unions (UFBU), consisting of nine unions in the banking sector.
- Feb 27, 2017 02:28 PM IST
Total chunk of problematic loans in the Indian banking sector, at this stage, is around Rs 20 lakh crore, much higher than what is reported by banks and estimated by the central bank and government, said K C Chakrabarty, former deputy governor of the Reserve Bank of India (RBI).
- Feb 10, 2017 05:18 PM IST
The demonetisation move has impacted the bad loan resolution and the merger of State Bank of India‘s merger with its associates by one quarter, according to bank Chairman Arundhati Bhattacharya.
- May 20, 2016 10:11 PM IST
The European Central Bank (ECB) is scrapping plans to force euro zone banks to report on its database any bad loan worth as little as 100 euros after a backlash from lenders, it said on May 20
- May 14, 2016 02:02 PM IST
"All of them are suffering from stressed assets. They are across infrastructure sectors. But each bank has a strategy to resolve which would be different from every other bank. That is what we discussed," he said after a day-long meeting with heads of PSU banks here.
- Apr 18, 2016 01:23 PM IST
Management of non-performing assets and credit growth has to happen simultaneously and the bank is looking at resolving the same by either rectification or resolution, says SBI MD B Sriram.
- Mar 16, 2016 11:40 AM IST
Country's largest asset reconstruction company, which already enjoys over 40 percent market with an asset under management of Rs 25,000 crore, has been approached by a few offshore funds to buy into it and is looking at all proposals.
- Feb 20, 2016 12:24 PM IST
Credit profile of PSBs has worsened because of higher than anticipated stress, slower than expected pace of recovery and weak outlook for several credit intensive sectors. Higher level of stress is likely to significantly impact earnings and solvency profile of PSBs over the next 2-3 years, Icra said.
- Feb 17, 2016 02:14 PM IST
The chartered accountants' apex body president M Devaraja Reddy, who assumed office on Friday, said the system, in which the management of a bank is authorised to select and appoint the auditor from a list provided by Reserve Bank, could have indirectly caused the NPA crisis.
- Feb 15, 2016 12:28 PM IST
Strengthening NPL recovery teams/processes, rebalancing its loan mix by increasing share of better rated corporate loans as well as retail loans, and scaling-up its digital platform are few initiatives it is taking to spearhead its growth forward.
- Dec 23, 2015 06:45 PM IST
As of September 2015, 34 banks with 12 percent share in advances showed very low stressed advances ratio of less than 2 percent, whereas 16 banks with 27 percent share in advances had high stressed advances ratio of over 16 percent.
- Oct 05, 2015 09:45 PM IST
Under RBI rules a prompt corrective action is triggered if a lender sees its capital base eroding, a sharp jump in bad loan ratios or its return on assets dropping below 0.25 percent.