Bad Loan

The Kisan Credit Card scheme was introduced in 1998 for farmers to use when buying agriculture inputs and to draw cash for their production needs.

Moody's says Indian banks likely to see improvement in bad loan situation

In recent years, banks have significantly reduced NPA levels aided by an aggressive clean-up exercise initiated by the RBI

RBI Financial Stability Report: Banks' asset quality improving, GNPAs at 6-year low

The gross non-performing assets (GNPA) ratio of scheduled commercial banks declined to 5.9 percent in March 2022 from 7.4 percent in March 2021, the RBI said. Net NPA ratio stood at 1.7 percent as on March-end.

Yes Bank on the cusp of raising $1 billion from Carlyle and Advent International

This comes after much delay due to an ongoing deal to lay off a large portion of bad loans through an asset reconstruction company (ARC)

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

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

"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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

"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

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

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

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.