Page 12 - Bad Loans
IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19
The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore
 "IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19")
Bad credit score: Millennials spawning next wave of NPAs for banks?
The number of millennials opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment
 "Bad credit score: Millennials spawning next wave of NPAs for banks?")
Resolution of bad assets: RBI set to recast inter-creditor agreement
New framework likely to be introduced even before default happens
 "Resolution of bad assets: RBI set to recast inter-creditor agreement")
Fresh funds likely to help housing projects move out of 'stuck' status
The completed and sold projects will start the repayment cycle, reducing bad loans.
 "Fresh funds likely to help housing projects move out of 'stuck' status")
Canara Bank Q2 consolidated net up 14% at Rs 405 cr amid fall in bad loans
The bank had posted a net profit of Rs 356.55 crore during the corresponding July-September period of last fiscal ended March 31, 2019
 "Canara Bank Q2 consolidated net up 14% at Rs 405 cr amid fall in bad loans")
Three banks report divergence in bad loans a day after Sebi directive
or LVB, the net loss widened to Rs 1,006 crore from Rs 894 crore.
 "Three banks report divergence in bad loans a day after Sebi directive")
RBI rejigs departments for better supervision, regulation of banking sector
The development follows the RBI's central board decision to create separate supervisory and regulatory cadre
 "RBI rejigs departments for better supervision, regulation of banking sector")
YES Bank posts net loss of Rs 629 cr in Sept quarter as bad loans spike
The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal
 "YES Bank posts net loss of Rs 629 cr in Sept quarter as bad loans spike")
Sebi tightens asset quality disclosure norms for all listed banks
The move is aimed at improving transparency and to help investors assess the risk better
 "Sebi tightens asset quality disclosure norms for all listed banks")
Now is the time for a bad bank
The idea of a bad bank has been around for some time now though it was abandoned at one point
 "Now is the time for a bad bank")
Top banks' asset quality pains are easing, show July-September earnings
Results of SBI, ICICI Bank and Axis Bank indicate respite in formation of fresh bad loans; resolution and recoveries will be important for the trend to sustain
 "Top banks' asset quality pains are easing, show July-September earnings")
SBI to conduct e-auction of 11 accounts on Nov 7 to recover Rs 467-cr dues
The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice. The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7. The major non-performing asset (NPA) accounts to be auctioned include Bhatia Global Trading (BGTL), which has an outstanding of Rs 177.02 crore on the bank, Bhatia Coke & Energy Ltd (Rs 104.15 crore), Bhatia Coal Washeries (Rs 12.58 crore) and Asian Natural Resources (India) Ltd (Rs 2.18 crore). Maharastra Steels Pvt Ltd (Rs 40.51 crore), Anshul Steel Ltd (Rs 37.70 crore) and Vidhata Metals (Rs 36.98 crore) are the other accounts to be auctioned. The auction for the accounts will be held under the 'Swiss Challenge Method', based on an ...
 "SBI to conduct e-auction of 11 accounts on Nov 7 to recover Rs 467-cr dues")
LIVE: A year after bad-loan crisis, state-appointed IL&FS board takes stock
IL&FS had made a series of defaults in September 2018, triggering widespread concern of a bad debt crisis lurking in India's shadow-banking sector.
 "LIVE: A year after bad-loan crisis, state-appointed IL&FS board takes stock")
Asia's $640 billion bad-loan pile lures global investors, says Deloitte
China continues to dominate the region's soured loans, with a total of $295 billion held by Asian banks, while India is the second largest at about $160 billion
 "Asia's $640 billion bad-loan pile lures global investors, says Deloitte")
A bank's race against crisis has served a warning to Indian banking
At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's
 "A bank's race against crisis has served a warning to Indian banking")
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")
Merger will force branch closures, hit customer service: staff association
Branch closure would mean more customers going to fewer branches. Banking services would be impacted, as the customer population per branch will increase
 "Merger will force branch closures, hit customer service: staff association")
Now, Sebi joins fight against bad loans
Provides takeover code exemptions for acquirer of stressed companies
 "Now, Sebi joins fight against bad loans")
RBI allows domestic banks to sell NPAs abroad as one-time settlement
Experts say the move can raise India's external liability significantly and build up risks
 "RBI allows domestic banks to sell NPAs abroad as one-time settlement")
How regulators, agencies are hurting India's war on $190-billion bad loans
Here are some instances of government agencies' tussles with the process
 "How regulators, agencies are hurting India's war on $190-billion bad loans")
