Loan Recovery

MMFSL shares had plunged over 20% following the order in September, before recouping those losses by December

Lack of funding is limiting the ability of e-bus makers to participate in federal govt tenders to supply to states, the sources told, threatening to slow the electrification of major public transport

Only about 13% of the loans written off by the scheduled commercial banks during the last five financial years have been recovered

The report also said the trend in the loan recovery rate is also going down

Experts had pointed out that in light of these directions against one entity, recovery activities of NBFC sector could get impacted as a majority of NBFCs rely on outsourced agents for loan recovery

People who fail to repay their loans are not criminals and they can't be harassed

The RBI action of barring M&M Financial from outsourcing recovery agents comes after the Harazibagh incident where a pregnant woman was mowed down to death

Court warnings and RBI's circular prohibit lenders and their agents from harassing or threatening debtors

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%

Speaking on inflation, Guv Das said that had the monetary policy been tighter, the economic damage would have been enormous

In extreme situations, file injunction suit against the latter to prevent it from taking coercive steps

The lender declared its January-March earnings Wednesday, and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago

Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications. In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions (FIs), on the terms and conditions indicated there against. In various notices on its website, State Bank of India (SBI) has put up a total of 12 bad assets for sale during this month to April 13. NPA account Topworth Urja & Metals Ltd, with a loan outstanding of Rs 396.74 crore is to be sold in an e-auction to be held on March 29, 2022. With reserve price fixed at Rs 85 crore, SBI said the NPA account will be sold on a cash/cash-cum-SR ratio of 50:50. "Bid with highest cash component shall be considered as successful bid," it said in a notice. Another account, Balasore

Slim chance of loan recovery, say analysts

Kamath panel approved all the nine proposals of banks

If bankers move fast and preserve the enterprise value of defaulting companies, recovery rate will improve even as the new insolvency law, much like the GST, remains a work in progress

Gaming the system leads to losses to lenders

Banks unlikely to be impacted a lot as the level of debt recast had been low

Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent