Bad Loans

RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger

Business | Thomson Reuters | Wednesday October 9, 2019

This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.

PMC Bank Chief Reveals How He Hid Bad Loans From RBI For 10 Years

Business | Suvashree Ghosh, Bloomberg | Tuesday October 1, 2019

Last week, the RBI took the rare step of limiting withdrawals from PMC, causing depositors to besiege the bank's branches to retrieve their money.

There's No Liquidity Crisis: Finance Minister Nirmala Sitharaman After Meeting Bank Chiefs

Business | Written by Anshul (with inputs from agencies) | Thursday September 26, 2019

Finance Minister Nirmala Sitharaman said on Thursday that lenders have enough liquidity and retail credit growth is likely to pick up in the festival season starting October. "Sum and substance of what I heard was that there is no liquidity crisis," Nirmala Sitharaman said at a press conference after meeting representatives of private sector banks ...

Ahead Of GST Meet, Nirmala Sitharaman Assures Support To Small Businesses

Business | Edited by Sandeep Singh | Friday September 20, 2019

Each public sector bank will conduct an outreach programme aimed at taking advantage of the festive season, the Finance Minister said.

No Stressed Small, Medium Businesses To Be Declared Bad Loan Till March 2020: Nirmala Sitharaman

Business | Press Trust of India | Thursday September 19, 2019

At a press conference after meeting PSU bank heads, Finance Minister Nirmala Sitharaman said there already exists a circular from the Reserve Bank that provides for stressed loan accounts of MSMEs not being declared non-performing assets (NPAs).

India's Big Problems In Dealing With World's Worst Bad-Loan Mess

Business | Rahul Satija and PR Sanjai, Bloomberg | Monday September 9, 2019

Of the nation's 12 largest delinquent borrowers which the Reserve Bank of India asked lenders to push to bankruptcy in 2017, only six have been resolved so far.

Bad Loans May Come Down To Rs 9.1 Lakh Crore By March 2020: Study

Business | Indo-Asian News Service | Tuesday September 3, 2019

There is significant potential opportunity for stressed-assets investors, given around Rs 9.4 lakh crore NPAs in the banking system as on March 31, 2019, the study said.

Bank Merger Will Not Help Recover Bad Loans: All India Bank Employees' Association

Business | Indo-Asian News Service | Saturday August 31, 2019

The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.

Loan Recoveries Have Hit Recover Levels: Finance Minister Nirmala Sitharaman

Business | Edited by Sandeep Singh | Friday August 30, 2019

The Finance Minister said gross non-performing assets (NPAs) - or bad loans - have come down from Rs 8.65 lakh crore to Rs 7.90 lakh crore.

Resolve Stressed Assets In Time For Maximum Value, Says RBI

Business | Indo-Asian News Service | Tuesday August 20, 2019

The new framework stresses coordination between banks while dealing with a stressed assets by mandating them to sign inter-creditor agreements.

IL&FS May Not Have Disclosed Bad Loans For Years: RBI Report

Business | Thomson Reuters | Wednesday August 14, 2019

The government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system.

Bad Loans Declined By Over Rs 89,000 Crore Till March 2019: Nirmala Sitharaman

Business | Asian News International | Thursday July 25, 2019

According to the data, aggregate gross advances of PSBs increased from over Rs 18.19 lakh crore as on March 31, 2008 to more than Rs 52.15 lakh crore as on March 31, 2014

Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans

India News | Press Trust of India | Wednesday July 24, 2019

The Government today introduced The Insolvency and Bankruptcy Code (Amendment) Bill 2019, that seeks to ensure timely completion of debt resolution process and provide more clarity on rights of stakeholders.

HDFC Bank Shares End At Over Two-Month Low As Bad Loans Rise

Business | NDTV Profit Team | Monday July 22, 2019

HDFC Bank stock price: HDFC Bank share price: At 10:00 am, the HDFC Bank stock traded 2.82% lower at Rs 2,308.85 apiece on the BSE, underperforming the Sensex.

Yes Bank June Quarter Profit Slumps 91% On Higher Provisioning: 10 Points

Business | NDTV Profit Team | Wednesday July 17, 2019

Yes Bank on Wednesday reported a net profit of Rs 113.76 crore for the April-June quarter, missing analysts' estimates. That marked a fall of 91 per cent compared with its profit of Rs 1,260.36 crore reported for the corresponding quarter a year ago. Analysts had on an average expected the bank to report a profit of Rs 279 crore for the three-month...