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 Demonetisation, GST hold potential to transform India; NPAs key risk: RBI

Demonetisation, GST hold potential to transform India; NPAs key risk: RBI

Calling demonetisation and goods and services tax (GST) as policy decisions which will transform economy, Reserve Bank of India (RBI) on Thursday made these observations were made in the Report on Trend and Progress of Banking in India 2015-16 (RTP) and the 14th issue of the Financial Stability Report (FSR).

NPA not an issue, rate cuts to fetch Rs 2.5 trillion gains: K V Kamath

NPA not an issue, rate cuts to fetch Rs 2.5 trillion gains: K V Kamath

Seeking to allay fears arising from dud loans pile-up, veteran banker K V Kamath said interest rate cuts will give troubled lenders Rs 2.5 trillion boost through treasury gains that will help the system tide over troubles and also ease pressure on growth capital.

'Bank NPAs appear to be bigger scam than 2G scam'

'Bank NPAs appear to be bigger scam than 2G scam'

 Attacking the BJP-led Central government over loan waivers for corporates, CPI-M General Secretary Sitaram Yechury on Saturday said the unpaid loans owed by private companies to the nationalised banks was a scam "10 times bigger" than the 2G spectrum scandal.

India bad loans mountain grows, risks delaying bank clean-up

India bad loans mountain grows, risks delaying bank clean-up

Stressed loans in India`s banking sector crossed $138 billion in June, central bank data reviewed by Reuters shows, an increase of nearly 15 percent in just six months that suggests a state clean-up effort will take longer and cost more than expected.

Raghuram Rajan took many steps to put banking system in right direction: President

Raghuram Rajan took many steps to put banking system in right direction: President

Just retired RBI Governor Raghuram Rajan's clean-up of more than USD 100 billion of stressed assets on the books of banks today came in for praise from President Pranab Mukherjee who felt rising NPAs are not a desirable situation.
 

RBI calls for ownership change of companies with sticky loan accounts

RBI calls for ownership change of companies with sticky loan accounts

Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday called for ushering new owners or managers for companies whose loans accounts have gone sticky, to improve their operational efficiency.

Banks consolidation next fiscal, priority to end NPAs: BBB chief Vinod Rai

Banks consolidation next fiscal, priority to end NPAs: BBB chief Vinod Rai

The consolidation of more banks may begin from next fiscal as the priority today is to unlock the jammed lending system with the Non-Performing Assets (NPAs) sitting over balance sheets of banking institutions, Banks Board Bureau chief Vinod Rai said Tuesday.

Finance Ministry to soon set up panel on bad loans

Finance Ministry to soon set up panel on bad loans

 In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set up a panel to look into the issue of mounting bad loans and come out with the steps to deal with the problem.

Realtors say no scope for further cut in housing prices

Realtors say no scope for further cut in housing prices

 Realtors' apex body CREDAI today said there is no scope for further reduction in housing prices as this would lead to rise in NPAs and non-delivery of real estate projects.

Corporate debt worth $178 billion at default risk: BNP Paribas

Corporate debt worth $178 billion at default risk: BNP Paribas

A whopping 16.1 percent or USD 178 billion worth of corporate credit in India is at risk of default, making the domestic banking system the worst in Asia in terms of bad loans, says a report.

FinMin to meet bank officials on March 21 on loan recovery

FinMin to meet bank officials on March 21 on loan recovery

The finance ministry has convened a meeting of senior bankers of public lenders dealing with large loan defaults next week as part of an exercise to clean up balance sheet of banks.

Will tackle bank stress problem at its core: Arun Jaitley

Will tackle bank stress problem at its core: Arun Jaitley

Finance Minister Arun Jaitley said on Monday that his government will find a lasting solution to the financial stress of banks by addressing issues at the core of the problem - over-borrowing by long-troubled sectors like steel, sugar, power and highways.

Moody's retains ratings on SBI, IDBI; sees NPA woes stabilising

Moody's retains ratings on SBI, IDBI; sees NPA woes stabilising

Moody's Investors Service has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P and expects not much deterioration in its asset quality.

Top 10 business headlines

- Top 10 business headlines

Markets need not panic, bad loans being tackled: Jaitley

Markets need not panic, bad loans being tackled: Jaitley

 Finance Minister Arun Jaitley on Friday said Indian banks were equipped well to deal with bad loans, and that markets need not panic since the current turmoil that has pulled down key stock indices in the country is driven by external factors.

27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15

27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15

A whopping Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance sheet clean-up.

NPAs Of 37 Banks Record 26.8% Increase In Last One Year

In last one year 37 banks including public banks have shown an increase in NPAs by 26.8% due to halted Infrastructure projects.

Clean up balance sheets, you have all powers to deal with wilful defaulters: FM Jaitley to banks

Clean up balance sheets, you have all powers to deal with wilful defaulters: FM Jaitley to banks

Finance Minister Arun Jaitley Monday asked state-owned banks to clean up their balance sheets at the earliest, stressing that they have all the powers to deal with wilful defaulters.

ICRA says NPAs under control, pegs it down at 5.5% from 5.9%

The days of continuously rising bad loans are over for the banks and they are set for revival with an improvement in their gross stressed assets, says rating agency ICRA.

'Bad loans pricing and scope of recovery to determine NPAs sale'

'Bad loans pricing and scope of recovery to determine NPAs sale'

 The quantum of recoveries from bad loans is going to determine the appetite of asset restructuring companies' (ARCs) to buy such stressed assets, says a report.