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Reserve Bank of India

27 Jun 2024

Bad Loans Drop To 12-Year Low, Boosting Growth Momentum: RBI Report

The real gross domestic product (GDP) rose by 8.2 per cent in 2023-24 against 7 per cent in the preceding fiscal.

Nirmala Sitharaman

31 May 2024

Bad Loans During UPA Stifled Credit Needs Of Startups And Small Businesses

Further, targeting her party BJP's principal Opposition party Congress, Sitharaman said those who take credit for the nationalization of banks kept the nation's poor and middle class unbanked for decades.

Nirmala Sitharaman

29 Apr 2020

Congress responds to FM’s tweet on loan write off

Sitharaman in a series of tweets said that both Gandhi and Congress spokesperson Randeep Surjewala have tried to mislead people over the issue.

Nirmala Sitharaman

29 Apr 2020

Nirmala Sitharaman refutes Rahul Gandhi's claims on loan write off

The matter pertains to recent RBI reply in an RTI that outstanding loans amounting to Rs 68,607 crore of top 50 wilful bank loan defaulters in the country have been technically written off till September 30, 2019.

Dewan Housing Finance Corporation

06 Aug 2019

DHFL seeks repayment moratorium, assures ''no haircut on principal''

In its resolution plan, the company has also sought funding from banks and the National Housing Bank for starting retail funding activity.

12 Jul 2019

Banks in big loss or under PCA to be barred from buying NBFC assets

In the Budget 2019-20, the Centre has allowed a one-time, partial credit guarantee of six months to public sector banks (PSBs) on their first loss of up to 10 per cent for purchase of high-rated pooled NBFC assets of Rs 1 lakh crore.

public sector banks

26 Jun 2019

Gross NPAs of Public Sector Banks declined by Rs 89,189 crore in March

Gross NPAs of PSBs have declined by Rs 89,189 crore from the peak of Rs 8,95,601 crore in March 2018 to Rs 8,06,412 crore in March 2019, FM Sitharaman said.

Income Tax department

26 Jun 2019

Income Tax department to help public sector banks to recover bad loans

The directions has been issued by CBDT to all Principal Chief Commissioners of Income Tax (Principal CCIT are Zone heads).

25 Jun 2019

Gross NPAs of banks may reduce to 8% by March 2020: Report

NPA in the banking system had peaked at 11.5 percent in March 2018 and then declined to 9.3 percent in March 2019.

15 May 2019

IBC process helps recover Rs 70K cr bad loans in FY19: Report

According to its president Gurpreet Chatwal, the recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent, compared with 26.5 per cent through earlier resolution mechanisms.

13 Feb 2019

NPA under Mudra Yojana stands at Rs 7,277 crore

Loans under PMMY can be covered under Credit Guarantee Fund for Micro Units (CGFMU).

Nirmala Sitharaman

10 Oct 2018

UPA regime responsible for bad loans, defaulters fleeing India: Nirmala

The Defence Minister said that huge loans to big defaulters were given by the previous UPA regime.

01 Oct 2018

Small businesses collapsing while crony capitalists have run away: Congress

Congress alleged that the Centre has written off more bad loans than it plans to spend on health, education and social protection in the current fiscal year.

12 Sep 2018

Banks need to take 40-60% haircut to get RP4 rating: Report

All stressed accounts with an exposure of Rs 500 crore and above will require two such ICEs, while others will need one ICE.

11 Sep 2018

Larger number of bad loans originated in 2006-2008: Rajan

Rajan pointed out that the loan waivers vitiate the credit culture and an all-party agreement to this effect would be in the country`s interest in view of impending elections.

India's banking sector

13 Aug 2018

Banking sector outlook to stay negative till capital positions improve: Fitch

Fitch said the USD 151-billion stock of bad loans remains a risk for the sector's weak income base.

27 Jun 2018

Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India

There are 11 banks under PCA framework on account of their high bad loans.

State Owned Banks

25 Jun 2018

Heads of 11-PSBs to appear before Parliamentary Panel over mounting bad loans

The banking sector is grappling with rising non-performing assets (NPAs), which touched Rs 8.99 lakh crore or 10.11 percent of total advances at December-end 2017.

12 Jun 2018

RBI Governor Urjit Patel assures steps to strengthen banking system

Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis regarding non-performing assets (NPAs).

05 Jun 2018

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

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