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  • Financial audits failed repeatedly, govt should make cost accounting must to check bank NPAs: ICMAI Mar 09, 2020 03:40 PM IST

    Financial audits failed repeatedly, govt should make cost accounting must to check bank NPAs: ICMAI

    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

  • SBI to hold e-auction of over 1,000 properties across India including Delhi, Mumbai and Chennai Feb 24, 2020 09:31 PM IST

    SBI to hold e-auction of over 1,000 properties across India including Delhi, Mumbai and Chennai

    These include open plots, residential, commercial and industrial properties across the country.

  • Higher slippages in banks show end of NPA cycle is not in sight Feb 12, 2020 08:35 AM IST

    Higher slippages in banks show end of NPA cycle is not in sight

    Unless growth picks up and credit conditions improve, the risks to bank balance sheets will linger

  • NBFCs' wholesale book under severe stress: Report Feb 04, 2020 08:07 PM IST

    NBFCs' wholesale book under severe stress: Report

    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.

  • NPAs of PSBs stands at Rs 7.27 lakh crore Feb 03, 2020 03:29 PM IST

    NPAs of PSBs stands at Rs 7.27 lakh crore

    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.

  • AGB Shipyard’s Rs 14,000cr loan marked ‘fraud’ by ICICI Bank-led consortium Jan 24, 2020 12:12 PM IST

    AGB Shipyard’s Rs 14,000cr loan marked ‘fraud’ by ICICI Bank-led consortium

    Among the lenders, SBI was the first to classify the account as ‘fraud’, followed by ICICI Bank and then IDBI Bank.

  • How good MFIs are leaving public sector banks far behind Dec 20, 2019 09:22 AM IST

    How good MFIs are leaving public sector banks far behind

    This group of lenders have learnt how to make most of the opportunity at the bottom of the pyramid

  • Explained | SBI under-reported bad loans in FY19 Dec 14, 2019 08:52 AM IST

    Explained | SBI under-reported bad loans in FY19

    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.

  • IBC: Ring fencing the corporate debtor from all defects Dec 12, 2019 11:33 AM IST

    IBC: Ring fencing the corporate debtor from all defects

    Protecting a company from the actions of its promoters will help the acquirer in an insolvency process. But it could create a moral hazard

  • TMC for rollback of Mudra scheme due to rising NPAs Dec 10, 2019 01:20 PM IST

    TMC for rollback of Mudra scheme due to rising NPAs

    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.

  • Bengal has lowest NPA in SHG portfolio: Official Nov 30, 2019 06:55 PM IST

    Bengal has lowest NPA in SHG portfolio: Official

    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".

  • The dangers of directed banking Nov 28, 2019 08:47 AM IST

    The dangers of directed banking

    Directed lending will ultimately lead to a NPA pile-up and demands for forbearance. The taxpayer will end up footing the bill.

  • In Detail | Strong lenders will gain from the ongoing crisis Nov 27, 2019 04:25 PM IST

    In Detail | Strong lenders will gain from the ongoing crisis

    There are lessons to be learnt from historical financial crises. These top lenders almost fit the bill

  • Banks should not delay recognition of losses, RBI Deputy Governor Vishwanathan says Nov 22, 2019 08:58 PM IST

    Banks should not delay recognition of losses, RBI Deputy Governor Vishwanathan says

    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.

  • SEBI's default disclosure norms may help lenders arrest piling up of bad loans, say experts Nov 21, 2019 09:06 PM IST

    SEBI's default disclosure norms may help lenders arrest piling up of bad loans, say experts

    With the information in public domain, experts said that it will bring in transparency on the treatment of stressed accounts by lenders.

  • Central Bank of India FY19 review: Net loss at Rs 6,430cr inflated due to NPA divergence Nov 19, 2019 08:35 PM IST

    Central Bank of India FY19 review: Net loss at Rs 6,430cr inflated due to NPA divergence

    Central Bank of India had reported a net loss of Rs 5,641.48 crore in 2018-19 earlier.

  • AIF fund a positive step for real estate sector Nov 08, 2019 05:35 PM IST

    AIF fund a positive step for real estate sector

    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

  • India's bad debt pile eased by write-offs, underlying problem far from resolved Nov 08, 2019 01:10 PM IST

    India's bad debt pile eased by write-offs, underlying problem far from resolved

    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.

  • Mountain of NPAs? Blame it on inter-corporate loans Oct 31, 2019 02:27 PM IST

    Mountain of NPAs? Blame it on inter-corporate loans

    Along with restricting inter-corporate loans, the government should also put an end to the practice of omnibus objects clauses

  • Climate Crisis | How to untangle the mixed signals on coal in India? Sep 27, 2019 04:30 PM IST

    Climate Crisis | How to untangle the mixed signals on coal in India?

    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?

  • As NPA resolution crawls, banks stare at spike in credit cost Sep 24, 2019 09:10 PM IST

    As NPA resolution crawls, banks stare at spike in credit cost

    The agency said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors.

  • Altico default crisis: SBI chief’s remarks miss the point Sep 18, 2019 10:06 AM IST

    Altico default crisis: SBI chief’s remarks miss the point

    HDFC Bank only took a corrective step on its exposure to the non-finance lender. Vigilant and timely action is no ‘selfish’ act

  • Banking | Restriction on multiple current accounts is the need of the hour Sep 09, 2019 11:56 AM IST

    Banking | Restriction on multiple current accounts is the need of the hour

    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.

  • Merger can't tackle issues of low capital, higher NPAs: Analysts Aug 30, 2019 09:40 PM IST

    Merger can't tackle issues of low capital, higher NPAs: Analysts

    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.

  • Bank recapitalisation unlikely to deliver much, says S&P Aug 27, 2019 07:50 PM IST

    Bank recapitalisation unlikely to deliver much, says S&P

    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.

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