Mar 09, 2020 03:40 PM IST
The comments come days after Yes Bank was put under a moratorium by the government and the Reserve Bank of India (RBI) due to an inability to raise capital
- Feb 24, 2020 09:31 PM IST
These include open plots, residential, commercial and industrial properties across the country.
- Feb 12, 2020 08:35 AM IST
Unless growth picks up and credit conditions improve, the risks to bank balance sheets will linger
- Feb 04, 2020 08:07 PM IST
The spike in bad loans is being driven by the realty books, which has almost trebled as of the September 2019 quarter to 10 percent, read the Crisil report.
- Feb 03, 2020 03:29 PM IST
Union Minister of State for Finance Anurag Thakur also said in Lok Sabha that scheduled commercial banks and select financial institutions have reported frauds to the tune of Rs 1,13,374 crore in the first half of the current financial year.
- Jan 24, 2020 12:12 PM IST
Among the lenders, SBI was the first to classify the account as ‘fraud’, followed by ICICI Bank and then IDBI Bank.
- Dec 20, 2019 09:22 AM IST
This group of lenders have learnt how to make most of the opportunity at the bottom of the pyramid
- Dec 14, 2019 08:52 AM IST
The public sector bank, in an exchange filing, had said that the RBI assessed the bank's gross non-performing assets at Rs 1.85 lakh crore in FY19, whereas the bank had disclosed gross NPAs of Rs 1.73 lakh crore.
- Dec 12, 2019 11:33 AM IST
Protecting a company from the actions of its promoters will help the acquirer in an insolvency process. But it could create a moral hazard
- Dec 10, 2019 01:20 PM IST
The NPAs (non-performing assets) have been on a rise in public sector banks. The number of NPA accounts have increased from 17.99 lakh accounts in 2018 to 30.57 lakh accounts in just one year, he said.
- Nov 30, 2019 06:55 PM IST
Speaking at the Indian Chamber of Commerce (ICC) event, secretary of the Panchayat and Rural Development department Choten Lama said "West Bengal has the lowest NPA in the country in the SHG portfolio, which is less than 2 per cent. The state has over eight lakh SHGs".
- Nov 28, 2019 08:47 AM IST
Directed lending will ultimately lead to a NPA pile-up and demands for forbearance. The taxpayer will end up footing the bill.
- Nov 27, 2019 04:25 PM IST
There are lessons to be learnt from historical financial crises. These top lenders almost fit the bill
- Nov 22, 2019 08:58 PM IST
Vishwanathan said that these losses, arising out of frauds, bad loans and credit risks that are deferred or spread out over a period of time, reflect that their risk governance is weak and may lead to banks taking risks beyond their appetite.
- Nov 21, 2019 09:06 PM IST
With the information in public domain, experts said that it will bring in transparency on the treatment of stressed accounts by lenders.
- Nov 19, 2019 08:35 PM IST
Central Bank of India had reported a net loss of Rs 5,641.48 crore in 2018-19 earlier.
- Nov 08, 2019 05:35 PM IST
Slashing corporate tax, infusing INR 10,000 crore by the government, and repo rate reduction of 135 bps by RBI are real boosters for the sector
- Nov 08, 2019 01:10 PM IST
The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.
- Oct 31, 2019 02:27 PM IST
Along with restricting inter-corporate loans, the government should also put an end to the practice of omnibus objects clauses
- Sep 27, 2019 04:30 PM IST
Several studies indicate that coal is losing its charm in India. The global trends indicate that global capital is fleeing coal. In such a scenario, is it a smart move for India to open commercial coal mining to 100 per cent FDI?
- Sep 24, 2019 09:10 PM IST
The agency said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors.
- Sep 18, 2019 10:06 AM IST
HDFC Bank only took a corrective step on its exposure to the non-finance lender. Vigilant and timely action is no ‘selfish’ act
- Sep 09, 2019 11:56 AM IST
What the government is mulling about multiple bank accounts is a logical follow up of what it did with PAN. Multiple accounts have been one of the major causes of banking frauds and NPA.
- Aug 30, 2019 09:40 PM IST
Fitch director for financial institutions in India Saswata Guha said it is a step in the right direction and a way to prepare them for the future, but this is not a remedy to the current problem that banks are dealing with such as low capital and high non-performing loans.
- Aug 27, 2019 07:50 PM IST
Banks' credit growth is likely to be in line with the nominal GDP growth, while their earnings will at best be marginal and system wide will remain weak.