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  • Recovery of bad loans impacted due to COVID-19 pandemic: MoS Finance Bhagwat Karad Jul 19, 2021 08:26 PM IST

    Recovery of bad loans impacted due to COVID-19 pandemic: MoS Finance Bhagwat Karad

    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.

  • Indian state-run banks likely to see bad loan additions moderate: Morgan Stanley Mar 04, 2021 01:45 PM IST

    Indian state-run banks likely to see bad loan additions moderate: Morgan Stanley

    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.

  • Banking sector eyes better days on reforms, bad loan resolutions Dec 30, 2019 11:45 AM IST

    Banking sector eyes better days on reforms, bad loan resolutions

    "Every fundamentals indicate towards higher growth and better future next year," Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020.

  • NHFC crisis poses more bad loan risks for banks: Report Dec 13, 2019 01:54 PM IST

    NHFC crisis poses more bad loan risks for banks: Report

    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.

  • Editor's Take | The futility of Shaktikanta Das’ meeting with bankers Feb 20, 2019 05:43 PM IST

    Editor's Take | The futility of Shaktikanta Das’ meeting with bankers

    Vaibhavi Khanwalkar is in conversation with Ravi Krishnan, Deputy Executive Editor, Moneycontrol, to discuss Shantikanta Das' upcoming meeting with bankers.

  • SBI takes 60% haircut in sale of Bombay Rayon debt Aug 31, 2018 02:32 PM IST

    SBI takes 60% haircut in sale of Bombay Rayon debt

    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

  • Indian Bank, UBI classifies State Trading Corporation a/c as NPA Mar 11, 2018 02:50 PM IST

    Indian Bank, UBI classifies State Trading Corporation a/c as NPA

    As a result, these banks may not sanction further loan to STC

  • New project announcements dip 46% sequentially to Rs 1.34 trillion in June quarter Jul 05, 2017 12:44 PM IST

    New project announcements dip 46% sequentially to Rs 1.34 trillion in June quarter

    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.

  • Banks filed fewer cases against defaulters in FY17: CIBIL report May 30, 2017 11:31 AM IST

    Banks filed fewer cases against defaulters in FY17: CIBIL report

    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.

  • HDFC Bank focuses on expanding corporate loan book, refinancing and term loans Mar 31, 2017 01:38 PM IST

    HDFC Bank focuses on expanding corporate loan book, refinancing and term loans

    Having emerged unscathed from the bad loan mess roiling the banking sector, HDFC Bank is now looking to expand its corporate loan book.

  • No plans for Kotak Mahindra Bank-Axis Bank merger for now: Uday Kotak Mar 29, 2017 07:12 PM IST

    No plans for Kotak Mahindra Bank-Axis Bank merger for now: Uday Kotak

    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.

  • Arms merger, NPA resolution key challenges: SBI’s Bhattacharya Mar 14, 2017 11:46 AM IST

    Arms merger, NPA resolution key challenges: SBI’s Bhattacharya

    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.

  • Half of Bharat Fin's at-risk portfolio likely to go bad: Analyst Mar 07, 2017 10:10 AM IST

    Half of Bharat Fin's at-risk portfolio likely to go bad: Analyst

    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.

  • Bank unions to strike today; cheque clearances may be hit Feb 28, 2017 10:55 AM IST

    Bank unions to strike today; cheque clearances may be hit

    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.

  • Actual bad loans about Rs 20L cr, says ex-RBI Dy K C Chakrabarty Feb 27, 2017 02:28 PM IST

    Actual bad loans about Rs 20L cr, says ex-RBI Dy K C Chakrabarty

    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).

  • Demonetisation delayed NPA resolution, merger by a quarter: SBI Feb 10, 2017 05:18 PM IST

    Demonetisation delayed NPA resolution, merger by a quarter: SBI

    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.

  • ECB scraps obligation on banks to report bad loans May 20, 2016 10:11 PM IST

    ECB scraps obligation on banks to report bad loans

    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

  • Bad loan situation not alarming, banks will resolve issue: Rai May 14, 2016 02:02 PM IST

    Bad loan situation not alarming, banks will resolve issue: Rai

    "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.

  • Merger of associate banks not on table this year:SBI Apr 18, 2016 01:23 PM IST

    Merger of associate banks not on table this year:SBI

    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.

  • Edelweiss ARC eyes stake sale, to raise around Rs 2,000 cr Mar 16, 2016 11:40 AM IST

    Edelweiss ARC eyes stake sale, to raise around Rs 2,000 cr

    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.

  • Govt banks to see rating revisions over bad loan woes: Icra Feb 20, 2016 12:24 PM IST

    Govt banks to see rating revisions over bad loan woes: Icra

    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.

  • ICAI says banks selecting own auditors behind NPA mess Feb 17, 2016 02:14 PM IST

    ICAI says banks selecting own auditors behind NPA mess

    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.

  • Bad loans & loss yet BoB jumps 24%: Why is clean up impressive Feb 15, 2016 12:28 PM IST

    Bad loans & loss yet BoB jumps 24%: Why is clean up impressive

    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.

  • NPAs jump 50 bps to 5.1% between Mar and Sep quarters: RBI Dec 23, 2015 06:45 PM IST

    NPAs jump 50 bps to 5.1% between Mar and Sep quarters: RBI

    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.

  • RBI initiates corrective action on Indian Overseas Bank Oct 05, 2015 09:45 PM IST

    RBI initiates corrective action on Indian Overseas Bank

    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.

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