Page 7 - Bad Loans

Resolution of bad loans may face logjam if IBC not streamlined: Experts

Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front.

SBI to conduct e-auctions of 12 bad accounts this month to recover dues

SBI will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism

PSU banks stage a comeback as tactical picks on sustained performance

The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest

China's bad loan season descends again and this time it may be really bad

The debt of local government financing vehicles and property developers are looking precarious while several trust investment firms are on shaky ground

Covid-19 may push NBFC stressed assets to Rs 1.8 trn by March: Crisil

Regulatory steps like one-time Covid-19 recast window and MSME restructuring scheme will limit GNPAs, says rating agency

Punjab & Sind Bank loss zooms to Rs 2,375 cr in Q3 as provisions spike

Punjab & Sind Bank on Saturday said its net loss in December quarter 2020-21 spiralled to Rs 2,375.53 crore on higher provisions for bad loans. The lender had posted a net loss of Rs 255.49 crore in the same period a year ago. In September quarter also, the bank had a loss of Rs 401.27 crore. Total income in the quarter under review also fell to Rs 1,982.52 crore from Rs 2,077.01 crore in the same period of 2019-20, Punjab & Sind Bank said in a regulatory filing. Net income fell 9.1 per cent to Rs 1,763.10 crore and income on investments was down 12.1 per cent to Rs 455.42 crore. The bank's gross non-performing assets (NPAs) remained high at 13.14 per cent of the gross advances as of December 31, 2020, compared to 13.58 per cent by the year-ago same period. In value terms, gross NPAs or bad loans stood at Rs 8,489.89 crore by the end of December 2020 as against Rs 8,923.49 crore earlier. Net NPAs came down significantly at 2.84 per cent (Rs 1,638.25 crore) as against 8.71 per .

PNB reports net profit of Rs 506 cr in Dec quarter; bad loans down

Total income in the quarter under review rose to Rs 23,298.53 crore as against Rs 15,967.49 crore earlier, PNB said in a regulatory filing

Govt support for bank borrowers softened rise in bad loans: Moody's

The support has averted a sharp asset quality deterioration, Moody's Investors Service said

Spike in India bank's stressed loans slower due to govt measures: Moody's

Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government guaranteed loans to small businesses have supported Indian banks' asset quality

SBI Q3 net down 6.93% at Rs 5,196 cr, asset quality improves despite Covid

Net Interest Income up 3.75% to Rs 28,820 cr

India's bad bank plan sparks concern loan prices could be inflated

There are many details about the bad bank that policy makers haven't clarified, including its ownership structure, which makes any analysis challenging

Alacrity in structure a must for takeover of bad loans: Mehta of Yes Bank

Urges three-pillared base consisting of ARCs, AMCs and AIFs to attract investors into this space, without which process could lose credibility

India's bad loan problem is worse than what official numbers show

Here's a look at the full extent of India's bad loan problem in selected financiers

South Indian Bank posts Rs 92 cr loss in Dec qtr due to rise in bad loans

The bank had recorded a net profit of Rs 90.54 crore in the corresponding period of the previous financial year

Bank of Maharashtra third quarter profit rises 14% to Rs 154 crore

The bank was helped by a decline in bad loans

Loan book audit at IDBI Bank to identify stress areas ahead of stake sale

Audit report may form the basis of valuations in impending disinvestment by the government

Karnataka Bank third quarter net profit rises 10% to Rs 135 crore

The bank reported a 10 per cent increase in net profit at Rs 135.38 crore for the December quarter on account of a decline in bad loans

Banks weigh on shares after Reserve Bank warns of bad loans may double

The blue-chip NSE Nifty 50 index slipped 0.1% to 14,473 and the benchmark S&P BSE Sensex eased 0.25% to 49,143.75

Banks' gross NPAs may rise to 13.5% by Sept: Financial stability report

Banks will have to brace for a rollback of regulatory forbearance that was announced in the wake of Covid-19, and enhance their capital positions, the RBI said

Asset quality of NBFCs may deteriorate further: Financial stability report

While credit extended by them has fallen substantially, the sector has seen an increase in bad loans ratio, too