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.
The state-owned bank's total recovery and upgradation stood at Rs 1,178 crore in the three quarters of the current financial year.
Highlighting the problems with infrastructure lending in the past, Raghuram Rajan said banks have to make sure that all the risks involved are checked.
The divergence in reported gross NPAs was identified during an RBI inspection
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 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
Suresh Khatanhar on the bank’s plans to scale up retail growth, deposit mobilization strategy, venture into digital lending and relationship with fintechs
Currently, TMB has a pan-India presence with 509 branches and 12 regional offices across 16 states and four Union territories
Going forward, IDBI Bank is looking to explore avenues to achieve a business growth of 10-12 percent, the CEO said.
An official said the bank’s growth was good and it had the cushion to write off these advances.
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.
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.
Kumar said the acquisition of a 19.99 percent stake in JC Flowers is subject to required regulatory approvals
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’s retail loan growth is sustainable and is seeing uniform growth across segments, Khara said
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.
Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business
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
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
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
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..
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.
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