Npa Crisis

India's economy is far better placed today and there will be "marginal impact" from the Ukraine war, said RBI Governor Shaktikanta Das on Monday.

The Reserve Bank of India granted the in-principle-approval to Centrum Financial Services, to set up a small finance bank, paving the way for the acquisition of the scam-hit PMC Bank

Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...

Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai ...

Loans from the shadow banking sector expanded rapidly in the period up to the IL&FS defaults, a time in which the regulated banks were in the depths of a bad-loan crisis, weighed down by some $200 billion of soured credit

The next hearing on the matter is scheduled for May 21.

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the infrastructure financing and construction company spooked domestic markets.

"Fundamental reform of the PSBs (public sector banks) is facilitated by allowing majority private-sector participation in the PSBs," Mr Subramanian says.

The gross NPAs in the banking system have accumulated to a staggering Rs 10 lakh crore, around 90% of which is accounted for by state-run banks.

Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.

The accumulated NPAs in the Indian banking system have touched Rs 9 lakh crore.

As part of his fiery speech in parliament on Wednesday, the Prime Minister targeted the previous Congress government for worsening India's crisis of bank debt.

While the new accounting standard is broadly aimed at ensuring that there are no credit shocks like those seen during the global financial crisis in 2008, it would have an effect on the "banking numbers".

Admitting that the "action or inaction" of RBI during his tenure could have been among reasons for the present bad loan crisis, former governor D Subbarao said he should have addressed those issues.

India's economy is far better placed today and there will be "marginal impact" from the Ukraine war, said RBI Governor Shaktikanta Das on Monday.

The Reserve Bank of India granted the in-principle-approval to Centrum Financial Services, to set up a small finance bank, paving the way for the acquisition of the scam-hit PMC Bank

Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...

Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai ...

Loans from the shadow banking sector expanded rapidly in the period up to the IL&FS defaults, a time in which the regulated banks were in the depths of a bad-loan crisis, weighed down by some $200 billion of soured credit

The next hearing on the matter is scheduled for May 21.

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the infrastructure financing and construction company spooked domestic markets.

"Fundamental reform of the PSBs (public sector banks) is facilitated by allowing majority private-sector participation in the PSBs," Mr Subramanian says.

The gross NPAs in the banking system have accumulated to a staggering Rs 10 lakh crore, around 90% of which is accounted for by state-run banks.

Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.

The accumulated NPAs in the Indian banking system have touched Rs 9 lakh crore.

As part of his fiery speech in parliament on Wednesday, the Prime Minister targeted the previous Congress government for worsening India's crisis of bank debt.

While the new accounting standard is broadly aimed at ensuring that there are no credit shocks like those seen during the global financial crisis in 2008, it would have an effect on the "banking numbers".

Admitting that the "action or inaction" of RBI during his tenure could have been among reasons for the present bad loan crisis, former governor D Subbarao said he should have addressed those issues.