Bad Loans

HDFC Bank Posts Record Profit Of Rs 5,005 Crore In September Quarter

Business | Thomson Reuters | Saturday October 20, 2018

Asset quality was largely stable, with gross bad loans as a percentage of total loans standing at 1.33 per cent at the end of September.

Indian Banks To Sell Vijay Mallya's Fleet Of Cars In UK To Recover Loans

India News | Press Trust of India | Friday October 19, 2018

A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.

IndusInd Bank Q2 Profit Rises 4.6% To 920 Crore Rupees

Business | Thomson Reuters | Monday October 15, 2018

Gross bad loans as a percentage of total loans of Induslnd Bank stood at 1.09 per cent at end-September.

SBI Chief Rajnish Kumar Sees Bad Loan Provision Falling After 2 Quarters

Business | Thomson Reuters | Friday October 12, 2018

Indian banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March.

Older Generation Of Leaders Moves On As Top Private Banks Fight Bad Loans

Business | Ronojoy Mazumdar | Thursday October 11, 2018

"The RBI action sends a strong signal to boards to take their jobs a lot more seriously when it comes to evaluating CEO performance and the question of succession planning," said T.T. Ram Mohan, a professor of Finance and Economics at the Indian Institute of Management in Ahmedabad

Bandhan Bank Q2 Profit Jumps 47% To 488 Crore Rupees

Business | Thomson Reuters | Wednesday October 10, 2018

Gross bad loans of Bandhan Bank as a percentage of total loans stood at 1.29 percent by end-September.

On Bad Loans, Nirmala Sitharaman Blames Congress-Led Government

India News | Press Trust of India | Tuesday October 9, 2018

Defence Minister Nirmala Sitharaman on Tuesday blamed the Congress-led UPA regime for public and private sector banks facing huge corporate bad loans.

This Financial Year, Centre Expects Recovery Of 1.8 Lakh Crore Bad Loans

India News | Indo-Asian News Service | Wednesday September 26, 2018

The government expects recovery of around Rs 1.8 lakh crore worth of bad loans during the current fiscal through measures like the insolvency and bankruptcy code and debt recovery tribunals.

Arun Jaitley Asks State-Run Banks To Be Strict With Wilful Defaulters

Business | Press Trust of India | Tuesday September 25, 2018

"Banks must strive to be seen always as institutions of clean & prudent lending," the Finance Ministry said.

Government Seeks To Soothe Markets As Liquidity Concerns Grow

Business | Thomson Reuters | Monday September 24, 2018

Finance Minister Arun Jaitley's intervention came on the heels of assurances on Sunday from both the Reserve Bank of India and market regulator Sebi that they were closely monitoring developments in financial markets and ready to act if needed.

Enforcement Directorate Resisted Settling Of Loans, Says Vijay Mallya

India News | Press Trust of India | Monday September 24, 2018

Embattled liquor baron Vijay Mallya told a special court here Monday that the Enforcement Directorate (ED) "resisted" his efforts to settle his loans with public sector banks.

P Chidambaram Slams Centre For "Heavy-Handed" Approach Towards Bad Loans

India News | Press Trust of India | Friday September 21, 2018

Senior Congress leader P Chidambaram today slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.

Bank Of Baroda Shares Crash 16% After Government Announces Merger Plan

Business | NDTV Profit Team | Tuesday September 18, 2018

Bank merger: Brokerages were, however, not very hopeful about the prospects for Bank of Baroda on its merger with smaller peers Vijaya Bank and Dena Bank.

Banks' Bad Loan Provisions May Stay High Till Fiscal 2020: Report

Business | Press Trust of India | Monday September 17, 2018

The outlook on private sector banks, along with SBI and Bank of Baroda among the state-run ones is stable, while all the other state-run banks carry a negative outlook, IndiaRatings said.

PNB Puts 21 Bad Loan Accounts On Sale To Recover Rs 1,320 Crore

Business | Indo-Asian News Service | Thursday September 13, 2018

A PNB spokesperson said on Thursday that "the submission of financial bids will be only through e-auction which will take place on the bank's portal on September 20."