non-performing assets

Stake sale in insurance arms to help banks on bad loans: Moody's

Earlier this week, state-run SBI Life Insurance (SBI Life) completed its initial public offer (IPO) issue, while the privately-run ICICI Lombard did the same last week.

Oct 05, 2017, 18:27 PM IST
NPAs to touch 10.5% by March as banks recognise entire stress

NPAs to touch 10.5% by March as banks recognise entire stress

The 9.5 percent NPA figure for March 2017 includes only two-thirds of the overall stressed assets.

Sep 14, 2017, 15:11 PM IST

Companies raise Rs 6.7 lakh crore via corporate bonds: Economic Survey

Besides, stock markets recorded a robust growth in 2016- 17, with Sensex rising by 16.9 percent and Nifty gaining 18.6 percent as compared to losses registered in 2015-16.

Aug 11, 2017, 18:01 PM IST

Framework under NPA ordinance by RBI may be out within 15 days

The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.

May 22, 2017, 16:06 PM IST
India's economy to improve in overall conditions, cost of funds may rise: Report

India's economy to improve in overall conditions, cost of funds may rise: Report

Owing to growth of external financial linkages, and presence of surplus funds in domestic market, India is set to observe improvement in overall economic conditions, as per a survey.

May 21, 2017, 16:30 PM IST
RBI governor suggests merging public sector banks

RBI governor suggests merging public sector banks

Reserve Bank Governor Urjit Patel says that merging public sector banks and having fewer of them would be better for the sector and also help deal with problem of non-performing assets (NPA).

Apr 25, 2017, 12:03 PM IST
MFs' exposure to bank stocks hit record Rs 1.2 L cr in February end

MFs' exposure to bank stocks hit record Rs 1.2 L cr in February end

Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations.

Mar 24, 2017, 14:32 PM IST
Arun Jaitley to chair high-level meet on bank NPAs today

Arun Jaitley to chair high-level meet on bank NPAs today

The meeting, which will also be attended by Financial Services Secretary Anjuly Chib Duggal, will discuss ways of resolution of stressed assets urgently.

Mar 10, 2017, 09:28 AM IST
Urjit Patel holds long-gestation projects responsible for high NPAs

Urjit Patel holds long-gestation projects responsible for high NPAs

RBI Governor Urjit Patel on Saturday attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12.

Feb 11, 2017, 17:09 PM IST
Central Bank narrows Q3 net loss at Rs 605.70 crore

Central Bank narrows Q3 net loss at Rs 605.70 crore

Public sector Central Bank of India on Saturday reported a net loss of Rs 605.70 crore for the third quarter ended December 31, 2016, on persisting bad loans.

Feb 04, 2017, 18:38 PM IST
SC against disclosure of big defaulters' names, says won't lead anywhere

SC against disclosure of big defaulters' names, says won't lead anywhere

The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).

Nov 18, 2016, 21:51 PM IST
Banks may be able to deprovision as they recover: Arun Jaitley

Banks may be able to deprovision as they recover: Arun Jaitley

Finance Minister Arun Jaitley said on Friday that if the economy recovers, banks may be able to "deprovision" some of the non-performing assets that are weighing on their balance sheets and curbing their ability to expand lending.

Sep 16, 2016, 14:41 PM IST
Pace of new bad loan formation has decelerated: RBI

Pace of new bad loan formation has decelerated: RBI

RBI Deputy Governor S S Mundra on Tuesday said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.

 

Aug 23, 2016, 14:06 PM IST
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.

Aug 16, 2016, 20:19 PM IST
Bank consolidation risks may outweigh benefits: Moody's

Bank consolidation risks may outweigh benefits: Moody's

Efforts to consolidate 27 public sector banks into 8-10 large lenders create risks that could offset potential long-term benefits in the current weak economic environment, Moody's Investors Service said Tuesday.

Jun 28, 2016, 13:01 PM IST