March 20, 2023 01:23 PM IST

Wilful defaulters owe major banks Rs 88,435 crore, up from Rs 75,294 crore in a year

The list includes private and public sector lenders, like HDFC Bank, Bank of Baroda and Punjab National Bank. In December 2022, RBI data showed that, as on March 31, 2022, the top 50 wilful defaulters owe Rs 92,570 crore to banks. Gitanjali Gems, with loans of Rs 7,848 crore, tops the list of defaulters.

Punjab & Sind Bank aims at Rs 500 crore recovery from NPAs in Q4: MD

The state-owned bank's total recovery and upgradation stood at Rs 1,178 crore in the three quarters of the current financial year.

What is Expected Credit Loss?

Davos 2023: Raghuram Rajan cautions Indian banks on aggressive retail bet, warns of risks

Highlighting the problems with infrastructure lending in the past, Raghuram Rajan said banks have to make sure that all the risks involved are checked.

City Union Bank says Rs 259 crore divergence in additional gross NPA for FY22

The divergence in reported gross NPAs was identified during an RBI inspection

Bankruptcy Board chief asks banks to initiate proceedings soon after NPA classification

Creditors, or banks, need to submit insolvency applications soon after a default occurs, says Insolvency and Bankruptcy Board of India chairperson Ravi Mital. Delays on this front lead to erosion in the value of assets, he says

Banks may see higher retail loan slippages as inflation, job losses bite borrowers

Banks are continuing with their strategy of aggressively building a retail loan book. Lenders find retail loans safer compared with risky corporate loans because default rates are relatively lower

What are slippages in banking?

MC Exclusive | IDBI Bank looking to enhance credit card portfolio soon, says Deputy Managing Director

Suresh Khatanhar on the bank’s plans to scale up retail growth, deposit mobilization strategy, venture into digital lending and relationship with fintechs

Tamilnad Mercantile Bank to soon detail branch expansion strategy to board, MD says

Currently, TMB has a pan-India presence with 509 branches and 12 regional offices across 16 states and four Union territories

IDBI Bank targeting bad loan recoveries worth Rs 4,000 crore in FY23: CEO Rakesh Sharma

Going forward, IDBI Bank is looking to explore avenues to achieve a business growth of 10-12 percent, the CEO said.

Central Bank wrote off Rs 9,514 crore, including large corporate NPA accounts, in Q2

An official said the bank’s growth was good and it had the cushion to write off these advances.

MFI loans decline in June quarter; NPA situation improves: Report

There was a 0.2 per cent decline in the overall microfinance book to Rs 2.85 lakh crore during the three months to June when compared with the number as of March-end, the report by CRIF High Mark said.

ECL approach for provisions will lead to sustainable loan growth, increase due-diligence, bankers say

As per RBI’s latest data, banks’ outstanding non-food credit grew 16 per cent year-on-year (YoY) to Rs 124.30 lakh crore as on August 26, higher than 6.7 per cent growth registered a year ago.

Q3FY22 numbers would reflect selling of NPAs, says Yes Bank CEO Prashant Kumar

Kumar said the acquisition of a 19.99 percent stake in JC Flowers is subject to required regulatory approvals

Central Bank of India shares surge 15% after RBI lifts restrictions

Central Bank of India was the only bank under the RBI's PCA framework. It was put under the PCA framework in June 2017 due to its high net non-performing assets (NPAs) and low Return on Assets.

SBI targeting at least 15% loan growth in FY23, says Chairman Dinesh Khara

SBI’s retail loan growth is sustainable and is seeing uniform growth across segments, Khara said

NPAs from MUDRA loans in Maharashtra at 16.32% till June 2022: Official data

Parbhani district in the backward Marathwada region of Maharashtra has the highest non-performing assets (NPAs) at 60.54 per cent, according to data released during the State Level Bankers Committee meeting held in Aurangabad on Monday.

Five promoters who siphoned funds overseas, defrauded Indian banks

Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business

Govt’s new overseas investment rules to aid banks’ loan recovery, stop asset theft: Bankers

The government’s new norms for overseas investment make it tougher for loan defaulters and others being probed by investigative agencies and regulators to siphon off funds out of the country

Exclusive Interview | War against NPAs to continue, bad loan recovery target is Rs 2,500 crore in FY23, says Punjab & Sind Bank MD

The state-run lender wants to lower its gross NPA ratio to below 10 percent and net NPA ratio to less than 2 percent by March

Bank of India expects gross NPA ratio below 8 percent by March, says MD

For the April-June quarter, Bank of India’s gross NPA ratio stood at 9.3%, down from 13.51% in the year-ago period and 9.98% in the March quarter

Room for further reduction in credit costs, NPAs can trend down, says Bank of Baroda MD

Sanjiv Chadha on Bank of Baroda’s business outlook for FY23, how the lender plans to capitalise on retail loan growth momentum, expectations from RBI policy and more..

Banking stocks rally on rising rates, improving NPA scene; Experts bullish on uptrend

While the BSE Bank index has risen by 5 per cent since the beginning of 2022, as against a decline of nearly 4 per cent in the BSE benchmark Sensex, some key banking stocks like Bank of Baroda have rallied by 30-40 per cent in the same period, as per the stock exchange data.

India’s bank privatisation agenda may not enthuse investors as yet, say experts

Potential investors may not want to take on issues of a large pool of bad assets in state-run banks and pressure from bank unions