Bad Debts

Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore but was up 21 per cent sequentially.

Haircuts are defined as the losses incurred by the creditors (banks in this case) on resolving the bad debts or stressed assets

Overall, 38 accounts worth Rs 83,000 crore identified: SBI chairman

At least 11,716 Indian businesspeople died by suicide in 2020. More on that story in our morning headlines.

About 80 per cent of the recovery ARCs made came through the "deployment of measures of reconstruction that do not necessarily lead to revival of businesses"

Impairment losses and bad debts rose by 33 per cent YoY to Rs 645 crore

The new institution, which is set to start operations by end of June, is likely to handle stressed debt worth $27 billionover time, which would be about a quarter of non-performing debt load

The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by Finance Minister Nirmala Sitharaman in a budget speech on Monday

Impairment losses and bad debts jumped 72 per cent YoY in Q3FY21 to Rs 648 crore

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 even before the worst of the pandemic impact, the RBI said

Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets

It's time to dam the financial sector against a bad debt flood

PSBs will need capital to finance economic revival

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end

Banks had about Rs 1.8 trillion ($25 billion) of stressed loans to India's coal-fired power generators as of last year

While profit before tax grew 68.1%, net profit showed an increase of only 1.4%

The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy

For 2019-20, states have budgeted a consolidated GFD of 2.6% of the GDP

Most of the assets picked up by ARCs are corporate loans