Npas

The nation’s growth path should be calibrated in line with its investments needs, the savings in the economy and the level of financial literacy in society. This is important because investments in excess of the economy’s savings levels and ability to service foreign exchange inflows can lead to higher interest rates and inflationary impulses

SBI Card, Tata Motors, Bajaj Auto, BHEL| Stocks On Radar

Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage

MC Explains: After SEBI, why RBI cracks whip on lenders hiding stressed assets with AIFs

In May 2023, Sebi had proposed stopping preferential-distribution model in AIFs, to stop this very same practice

Banks’ aggressive lending to farm sector under El Nino cloud; experts warn of rise in NPAs

Some private sector banks have posted double-digit growth in their agriculture portfolios in Q1.

Net NPAs on course to fall to decadal best this fiscal: Report

At the same time, the likely gross fresh NPA generation at 2 per cent will be the lowest since fiscal 2012, the agencies told reporters here Tuesday.

NPAs of public sector banks decline to 5.53% in December 2022: Finance Ministry

PSBs are in profit with aggregate profit being Rs 66,543 crore in the financial year (FY) 2021-22.

Bandhan Bank sells stressed loans to ARC for Rs 801 crore

The plan to transfer the non-performing assets to an ARC was approved by the bank's board of directors on December 21.

Only two big PSU bank loans given in last 3.5 years have turned NPA: FM Sitharaman

The two loans were sanctioned in 2020-21

IIFCL hopes to bring down NPAs to sub-2.5% level by March 2023

"The company closed last financial year with net NPAs of 3.65 per cent and we hope to bring it down to sub-2.5 per cent by the end of the current financial year," IIFCL Managing Director P R Jaishankar told PTI in an interview.

RBI to seek feedback for additional framework on securitisation of stressed assets

Currently, only the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act provides a framework for such securitisations by asset reconstruction companies (ARCs).

Should banks follow credit loss model for provisioning: RBI to seek industry views

India’s banks presently follow incurred loss model for ascertaining loan loss provisions.

High NPAs in education loan segment turn banks cautious

Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year.

With nearly 500,000 homes worth Rs 4.48 lakh crore stuck, banks raise red flag

 Banks have increased credit exposure to the commercial and residential real estate segment over the years

Banks adequately capitalised, but higher credit growth could see fund-raising: CRISIL’s Krishnan Sitaraman

Rating agency’s senior director and deputy chief ratings officer expects banks’ credit growth to pick up to 11-12 percent in FY23. CRISIL may also look at revising this forecast upwards, he said

Yes Bank open to acquiring microfinance entity as $1.1 billion fundraise gains pace, MD says

The private lender aims for conscious growth this fiscal and is open for acquisitions

Asset quality to improve going ahead: M&M Finance MD Ramesh Iyer

Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said

Interview: PSU banks out of the woods; IndiaFirst Life Insurance IPO likely by March, says Union Bank MD

Bank is in talks with premier institutes to extend education loans and wants to double disbursements under this head from Rs 7,000 crore currently, the MD said

YES Bank reports Q1FY23 earnings, here are top five highlights

The size of its total balance sheet grew 17 percent YoY to Rs 3.18 lakh crore as on June end

As Kotak Mahindra Bank reports results, here are top five takeaways

While assets rose at a faster pace, deposits grew 10.4 percent YoY growth to Rs 3.16 lakh crore as on June 30

Bandhan Bank releases Q1FY23 results: Here are top five takeaways

The bank made provisions to the tune of Rs 642.4 crore during April-June, lower than Rs 1,460.9 crore a year ago.

Can't disclose IDBI Bank disinvestment status or timeline, says Centre in RTI reply

The government cited 'economic interests' of the state while expressing inability to share the details in response to an RTI query filed by Moneycontrol

JC Flowers to be base bidder for YES Bank's sale of Rs 48,000 crore of toxic loans

The sale of GNPAs would be done through Swiss Challenge method

Spandana Sphoorty's new MD opts for kitchen sinking, but Q4 financials worry analysts

After he is done with that process, the new chief of the microlender plans to increase the number of branches to 1,500 by FY25-end from 1,120 as of March 31.