Bad Loans

To Tackle Bad Loans, Parliamentary Panel Seeks Raghuram Rajan's Advice

India News | Press Trust of India | Sunday August 19, 2018

A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter.

SBI Posts Third Straight Quarterly Loss, Much Worse Than Expected

Business | Thomson Reuters | Friday August 10, 2018

SBI's gross bad loans as a percentage of total loans slipped to 10.69 per cent from 10.91 per cent in the previous quarter.

SBI Reports Net Loss Of Rs 4,876 Crore In April-June

Business | NDTV Profit Team | Friday August 10, 2018

Gross bad loans as a percentage of total loans stood at 10.69 per cent from 10.91 per cent in the previous quarter and 9.97 per cent last year.

Centre Willing For Changes In Insolvency And Bankruptcy Code

India News | Indo-Asian News Service | Friday August 3, 2018

The government is willing to make further changes to the Insolvency and Bankruptcy Code (IBC) which has become a game changer in resolving the massive non-performing assets (NPAs), or bad loans, problem of India's banks and creating a market for stressed assets, a senior official said on Friday.

Bank Of India Posts Rs 95 Crore Profit In June Quarter

Business | Thomson Reuters | Tuesday July 31, 2018

Bank of India's gross bad loans as a percentage of total loans rose to 16.66 per cent at end-June, from 16.58 per cent in the previous quarter.

ICICI Bank Surprises Analysts With Rs 120 Crore Loss In Q1

Business | Thomson Reuters | Friday July 27, 2018

ICICI Bank's gross bad loans as a percentage of total loans was 8.81 per cent at the end of June.

Kidnapped, Taken To Remote Bungalow. He Is A Bankruptcy Professional

India News | Bhuma Shrivastava, Bloomberg | Friday July 27, 2018

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving.

RBI Has "Wide Ranging Powers" To Deal With Banks: Government

India News | Press Trust of India | Tuesday July 24, 2018

The Reserve Bank Of India has "wide-ranging and comprehensive" powers to address various situations in banks, the government said today against the backdrop of RBI Governor Urjit Patel seeking more powers to deal with the problem of bad loans at public sector banks.

24 Banks Sign Pact On Bad Loan Resolution Framework

Business | Press Trust of India | Monday July 23, 2018

The inter-creditor agreement will serve as a platform for banks and financial institutions, which are fighting a toxic mount of bad loans that is sniffing at 12 per cent of the system now, to come together and take concerted efforts towards resolving dud loans under Rs 500 crore.

Over 20 Banks Sign Agreement For Faster Resolution Of Bad Loans: Report

Business | Thomson Reuters | Monday July 23, 2018

A government-appointed panel this month proposed the so-called inter-creditor agreement among other measures after criticism that at times smaller lenders in a lending consortium were creating roadblocks for speedier resolution.

HDFC Bank Posts Rs 4,601 Crore Net Profit In Q1, Misses Analysts' Estimates

Business | Thomson Reuters | Saturday July 21, 2018

HDFC Bank's gross bad loans as a percentage of total loans stood at 1.33% at end-June, versus 1.3% at end-March.

PNB, Other State-Run Banks Likely To Get Rs 10,000 Crore Capital Infusion: Report

Business | Indo-Asian News Service | Tuesday July 17, 2018

The NPAs in the Indian banking system have reached a staggering level of Rs 9 lakh crore, while the bad loans of PSBs add up to nearly Rs 8 lakh crore

Arvind Subramanian To Brief Parliament Body On 8.99 Lakh Crore Bad Loans

India News | Press Trust of India | Wednesday July 11, 2018

Outgoing Chief Economic Adviser Arvind Subramanian shall brief a parliamentary panel on the issue of mounting non-performing assets on Wednesday.

Under New Bankruptcy Law, Firms Clear Rs 830 Billion In Dues: Official

Business | Vrishti Beniwal and Upmanyu Trivedi | Tuesday July 10, 2018

A report by the Reserve Bank of India estimates that gross bad-loan ratio may increase to 12.2% by March 2019 from 11.6 percent in the previous year.

How To Tackle Bad Loans? Government Suggests These Steps

Business | Thomson Reuters | Tuesday July 3, 2018

India's 21 state banks majority-owned by the government account for two-thirds of banking assets in the country.