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Banks moving past worst asset quality cycle, outlook stable: Moody's

Banks moving past worst asset quality cycle, outlook stable: Moody's

India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.

Bad debt: SC asks finance ministry to explain steps taken for recovering NPAs

Bad debt: SC asks finance ministry to explain steps taken for recovering NPAs

SC has also asked the Finance Ministry to inform as to what safeguards it is bringing in to curb bad debt.

Clear policies, project clearances key to NPA fight: Kochhar

ICICI Bank chief Chanda Kochhar Thursday said rather than blaming banks for shoddy diligence, predictable policies and "unshackling" stuck projects are the key to tackle the problem of bad loans.

Rajan warns of action against banks hiding true NPA numbers

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

Bad loans to rise to Rs 4 lakh cr for banks: Crisil

Asset quality woes of banks may turn worse for banks, with their gross non-performing assets (NPA) expected to rise by Rs 60,000 crore in the current fiscal to Rs 4 lakh crore, credit rating firm Crisil said Tuesday.

RBI's new mechanism for banks to check loan frauds

The RBI on Thursday put in place a new framework to check loan frauds including by way of early warning signals at banks and red flagging of accounts, while swindlers will have no access to further banking finance.

FinMin discusses 85 large projects worth Rs 3.51 lakh crore

In an effort to help banks facing asset quality woes and to revive investments in the critical infra sector, the government Tuesday discussed 85 large projects entailing Rs 3.51 lakh crore in outstanding bank credit.

Finance ministry calls meeting of bank heads on April 28

The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.

Total NPAs of banks increase to Rs 3,00,611 crore

The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth.

FinMin orders forensic audit of UCO Bank

The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.

'Govt, bank mgmts not making serious efforts to recover NPAs'

The Bank Employees Federation of India (BEFI) Sunday came down heavily on the central government and the bank managements over accumulation of Non-Performing Assets (NPA) to the tune of Rs 2 lakh crore.

SBI sells NPA worth Rs 3,590 cr to ARCs last fiscal

State Bank of India sold non-performing assets worth Rs 3,590 crore to various asset reconstruction companies (ARCs) during 2013-14.

CII suggests action plan for revival of NBFCs

Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.

Asset quality of banks deteriorating at frightening pace: Study

The asset quality in banks has deteriorated at a "frightening pace" during 2013-14 fiscal with public sector banks bearing the maximum brunt of bad loans, a RBI panel report has said.

CII suggests measures to improve asset quality of banks

Expressing concerns over the deteriorating asset quality of banks, industry body CII has suggested a 5-point action plan to deal with the rising non- performing assets (NPAs).

Bankers cannot always blamed for NPAs, says Rajan

Banks Thursday got support on the issue of bad loans from the most unexpected quarters - Reserve Bank Governor Raghuram Rajan, who said bankers cannot be always blamed for the rising bad loan situation.

Net bad loans of 40 banks soar 38% to Rs 1.3 trillion in H1

The net bad assets of the 40 listed banks have jumped 38 percent to Rs 1,28,533 crore during the first half of this fiscal, from Rs 93,109 crore at the end of the last fiscal, and is likely to cross Rs 1.5 lakh crore by the end of the fiscal, says a study.

Top priority is to keep NPAs under control, says new SBI chief

Newly appointed State Bank of India Chairperson Arundhati Bhattacharya Tuesday said her "top priority" is to keep bad loans under check and underscored the need to use more IT-driven solutions to address stress in the system.

Net NPA of banks rises to 1.68 percent in 2012-13: RBI

Reflecting deterioration in economic activities, net non-performing assets (NPA) of all banks have increased to 1.68 percent of the total loan at the end of 2012-13, according to the Reserve Bank of India.

RBI sees FY14 gross NPAs at 4.4% but rules out systemic risk

Despite foreseeing a possible spike in gross non-performing assets to 4.4 percent of the total advances by March 2014 from 3.42 percent a year ago, the Reserve Bank Thursday ruled out any systemic risk to the system, saying banks will still be having higher capital adequacy.