Page 13 - Bad Loans
Bad loans decline to 9.3% in FY19, beat RBI estimate: Crisil report
In its half-yearly financial stability report in December, the Reserve Bank had estimated that the gross non- performing assets ratio might improve to 10.3 per cent by March 2019
Let's find a new way to deal with bad loans
The Supreme Court ruling on the February 2018 RBI directive creates an opportunity to take a fresh look at India's bad asset resolution process
Central Bank puts stressed accounts of Bhushan Power, Essar Steel on sale
State-owned Central Bank of India has put up for sale four stressed accounts, including Bhushan Power & Steel and Essar Steel India, to recover dues of Rs 3,321 crore. "In terms of the bank's policy on sale of financial assets in line with the regulatory guidelines, we place the following accounts for sale to banks/ARCs/NBFCs/FIs," Central Bank of India has said in a bids invite document on its website. Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off. According to the bid document, Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank. Alok Industries owes Rs 1,251 crore, Essar Steel India Rs 423.61 crore, while Bombay Rayon Fashions has an outstanding due of Rs 96.30 crore. The e-auction of all these accounts will take place on March 20. The auction of these accounts is through the Swiss challenge method, under the Securitization and Reconstruction of Financial Assets and Enforcement of ...
Shutting out foreign funds hurts India's bad-debt market, says BofA
In the past year, the US lender has had to team up with local asset reconstruction companies to purchase loans made to firms including Seven Hills Hospitals and GTL Infrastructure Ltd. that had soured
NPA recognition may drag till FY20, bad loans could spike by Rs 5 trn
Over Rs 1.21 trillion debt (a part of the Rs 4.10 trillion) is likely to emanate from corporates rated 'AA-' and above, a report said
Jaitley sees banks recovering Rs 70,000-cr bad loans by March-end
Lenders have so far recovered Rs 8,000 crore from the resolution of 66 cases
How a bad loan farce gets another rerun
It'll become that much easier for the tycoons to rewind the credit culture, back to the debtor-friendly show it always was
RBI to examine the treatment of stressed loan accounts across banks
Banks are required to classify NPAs as "substandard" assets, "doubtful" assets, and "loss" assets
Top hedge fund Avendus Capital turns to state-run banks as bad loans wane
The state-run banking index has dropped nearly 25 per cent in the past 12 months
SBI's bad loan provision to fall after two quarters: Chairman Rajnish Kumar
India's banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March
Govt banks have 90% of NPAs
But the RBI doesn't have the leverage to meaningfully change the way in which public sector banks operate
With NPAs worth Rs 500 bn, banks need 40-60% haircut to get RP4 rating
According to the RBI's February 12 circular, all resolution plans with a rating of RP4 are considered to have a moderate degree of safety regarding timely servicing of financial obligations
Finance ministry eyes recovery of bad loans by public sector banks in Q2
Now, PSBs have been advised to join hands with the Indian Banks' Association (IBA), steering an initiative to redesign the PSB e-auction websites
Amid rising competition, Edelweiss ARC gets ready for next wave of NPAs
The company has already raised $1 bn along with Canadian pension fund, CDPQ to pick up debt of stressed assets in coming months
Chidambaram slams PM's phone-a-loan remark, seeks details of NPA under Modi
The Prime Minister on Saturday blamed the Congress-led UPA government for NPAs
Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action
Indian banks are facing mounting non-performing assets (NPAs) or bad loans, especially at PSBs, which have reached over Rs 8 trillion
Govt, judiciary too responsible for India's NPA crisis: SBI's Rajnish Kumar
Commenting on the Insolvency and Bankruptcy Code and the Reserve Bank of India's February 12 circular on speedier recovery of bad loans, Rajnish Kumar said these two rules were game-changers.
Bad loans of listed domestic banks shrink by Rs 220 billion in Q1
Persistent efforts of recovery from a variety of loans - large-size, medium-size and small enterprises, retail and farm sector - are beginning to bear fruits
Letter to BS: The need of the hour is zero tolerance on bad loans
The need of the hour is zero tolerance on bad loans. Fiddling with accounting does not change the reality
Banks, financial institutions agree to fast track resolution of bad loans
Under the pact, which is part of project 'Sashakt', each resolution plan will be submitted by the lead lender to an Overseeing Committee
