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Bad Debts

SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions

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

SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions
Updated On : 27 Oct 2022 | 10:59 PM IST

Banks took a haircut of 69 per cent while resolving IBC cases: Report

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

Banks took a haircut of 69 per cent while resolving IBC cases: Report
Updated On : 25 Aug 2022 | 10:35 AM IST

Rs 50,000 crore of NPAs may be transferred to NARCL in FY22

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

Rs 50,000 crore of NPAs may be transferred to NARCL in FY22
Updated On : 29 Jan 2022 | 3:33 AM IST

Top headlines: India Inc aims net zero by 2070; RBI sets new terms

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

Top headlines: India Inc aims net zero by 2070; RBI sets new terms
Updated On : 03 Nov 2021 | 7:21 AM IST

Sell bad debts early, let ARCs take part in IBC: RBI committee

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"

Sell bad debts early, let ARCs take part in IBC: RBI committee
Updated On : 03 Nov 2021 | 12:32 AM IST

SBI Cards Q1 net down 22.5% YoY on higher provisions, lower interest income

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

SBI Cards Q1 net down 22.5% YoY on higher provisions, lower interest income
Updated On : 23 Jul 2021 | 11:41 PM IST

A $27 billion pile of stressed debt looms over India's new bad bank

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

A $27 billion pile of stressed debt looms over India's new bad bank
Updated On : 28 Jun 2021 | 7:40 AM IST

Budget: India to set up bad bank to manage record levels of soured debt

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

Budget: India to set up bad bank to manage record levels of soured debt
Updated On : 01 Feb 2021 | 2:42 PM IST

SBI Cards net profit down 52% to Rs 210 crore in Q3, total income dips

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

SBI Cards net profit down 52% to Rs 210 crore in Q3, total income dips
Updated On : 22 Jan 2021 | 12:44 AM IST

A surge in bad debt is set to further worsen India's shadow bank crisis

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

A surge in bad debt is set to further worsen India's shadow bank crisis
Updated On : 20 Jan 2021 | 8:13 AM IST

Stressed funds set to make beeline for India on spike in Covid-driven NPAs

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

Stressed funds set to make beeline for India on spike in Covid-driven NPAs
Updated On : 22 Sep 2020 | 10:27 PM IST

Prevent contagion, preserve value

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

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Updated On : 29 Jul 2020 | 12:04 AM IST

Stressed assets

PSBs will need capital to finance economic revival

Stressed assets
Updated On : 16 Jul 2020 | 10:16 PM IST

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months

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

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months
Updated On : 15 Jul 2020 | 12:14 AM IST

Banks staring at 20% more provisioning for Rs 2.2-trillion debt

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 staring at 20% more provisioning for Rs 2.2-trillion debt
Updated On : 08 Jan 2020 | 2:54 AM IST

Biggest drop in power demand makes Indian banks' bad debt headache worse

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

Biggest drop in power demand makes Indian banks' bad debt headache worse
Updated On : 14 Nov 2019 | 11:13 AM IST

Private banks score on core operations, better control over bad debt in Q2

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

Private banks score on core operations, better control over bad debt in Q2
Updated On : 11 Nov 2019 | 11:59 PM IST

Banks ease bad debt problem by write-offs, underlying problem not resolved

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

Banks ease bad debt problem by write-offs, underlying problem not resolved
Updated On : 08 Nov 2019 | 1:34 PM IST

Rising outstanding debt of states challenging, says Reserve Bank report

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

Rising outstanding debt of states challenging, says Reserve Bank report
Updated On : 01 Oct 2019 | 1:22 AM IST

ARCs getting aggressive in asset purchase: Explained in three charts

Most of the assets picked up by ARCs are corporate loans

ARCs getting aggressive in asset purchase: Explained in three charts
Updated On : 09 Sep 2019 | 10:59 PM IST