Stressed Asset

GMR Energy (GEL) and GMR Generation Assets (GGAL) - subsidiaries of the GMR Power - have agreed on a framework with Synergy Investments Holding to divest their respective stakes

India’s bad bank aims at Rs 2 lakh cr stressed assets by FY25, says DFS secretary Vivek Joshi

So far, NARCL has taken over approximately Rs 88,000 crore of banks’ stressed assets and is doing due diligence for another Rs 60,000 crore, Joshi said

NBCC asked to provide estimate, amount required to complete delayed realty projects: Sources

The National Housing Bank and some PSU banks may come forward to provide last mile funding to complete the unfinished projects

Looking at opportunities in health insurance, stressed asset spaces: Keki Mistry

A large part of the fund raised will be invested in HDFC Bank, to the tune of Rs 8500 crore to maintain the stake in the bank, said Keki Mistry, VC & CEO, HDFC.

Pricing formula for natural resources in the works: Steel Secretary

The steel ministry is working closely with the NITI Aayog on pricing the country’s natural resources like iron ore, coking coal, coal, gas, among others.

NPA issue in banks far from over; better mechanism needed: Pros

“Underlying mechanism to resolve (NPA) issue is not that great,” says Gautam Trivedi, MD & CEO of Religare Capital Markets.

Cabinet announces measures to revive construction sector

In an effort to revive the construction sector in the country, the cabinet chaired by prime minister Narendra Modi, has allowed contractors to move to a new, speedier arbitration process, approved the release of &#82

Expect no additions to watch-list going forward: Axis Bank ED

In an interview with CNBC-TV18, V Srinivasan, ED of Axis Bank, talked about the bank's asset quality picture and the outlook going forward.

Stressed asset book well provided for: IDFC Bank

In an interview to CNBC-TV18 on the sidelines of an IDFC conference in London, CFO Sunil Kakkar says, provisioning has been done for up to 50 percent of the stressed book, largely in the infrastructure space, on its legacy books.

NPA mess: Acceptance, flexibility among players needed

About 80 percent of the bad loan issue in road and power sectors will be resolved over a period of time and about 10-20 percent will have to be written off, says RK Bansal, Executive Director of IDBI Bank.

See 30% returns from India post EMs sell-off: Wells Fargo

Brian Jacobsen of Well Fargo Asset Management says that some improvement is needed in fiscal deficit numbers and says it should be close to 2-3 percent instead of 3.7 percent currently.

Mkt jitters to continue; Budget expectations limited: Blue Ocean

Speaking to CNCB-TV18, Nipun Mehta of Blue Ocean Capital Advisors says various concerns over oil, interest rates, lack of economic growth and stressed asset situation will continue to weigh on the market.

Axis Bank asset quality worsens; analysts warn of more pain

Axis Bank reported a mixed set of earnings with profit and net interest income (NII) coming in in line with estimates but gross and net non-performing assets (NPA), rising 28 percent and 63 percent respectively.

Worst over in financials; like pharma, infra: Prabhudas

In an interview with CNBC-TV18, R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher says that banking and financial sector will be one of the first to benefit from economic growth.

Easing of bad debt-to-equity norms to help fight NPAs: SBI

The decision of market regulator Securities and Exchange Board of India (Sebi) to allow lenders to convert part or all of their debt into equity in case of defaults will help banks reduce their bad assets, SBI MD P Pradeep Kumar said.

Why NPAs have reared their ugly heads once more

Of the 10 public sector banks that have reported third-quarter earnings, seven have reported non-performing assets (NPA) of over 5 percent. CNBC-TV18's Latha Venkatesh spoke with two veteran banks to understand why the NPA menace is far from over.