An implosion of the sector will have economy-wide ramifications. This is the last thing India needs now
The first phase of the Budget Session began on January 31 and will go on till February 11.
Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018
In an interaction with T E Narasimhan, S Sundar, Lakshmi Vilas Bank MD and CEO, discusses bank's future plans
Follow spirit of April 2017 communique with reference to sector
Recovery of bad loans and fresh slippages or new NPAs will determine the road ahead for the banking industry
The minister said systematic and comprehensive checking, including of legacy stock of NPAs of PSBs, for frauds under the framework has been taken note of by the Reserve Bank of India
Net interest income (difference between interest earned and expense) growth of 9 per cent YoY to Rs 3,239.9 crore was better than analyst expectations of around 8 per cent
In the three months to December period, BoB's fresh slippages stood at Rs 10,387 crore, of which Rs 4,509 crore were on account of divergence found by the Reserve Bank for 2019 fiscal
Sunil Kanoria Vice Chairman, Srei Infrastructure Finance Limited talks about some radical reforms in the banking sector
Rajnish Kumar is hopeful that resolution time of stressed asets will fall below 5 years
The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said
Regulator may place restriction on declaration or payment of dividend/donation without prior approval of RBI
In a notice on its website on December 12, SBI had sought bids to sell another Kolkata-based engineering firm Avani Projects and Infrastructure, having an outstanding loans of Rs 40.53 crore
It said that PSBs have attached assets worth over Rs 2.3 lakh crore over the last three financial years
Non-bank lenders witnessed stress in their asset quality in the first half of the current fiscal, with gross NPA ratio increasing to 6.3 per cent in September 2019 from 6.1 per cent in March, according to an RBI report. However, the net NPA ratio of non-banking financial companies (NBFCs) remained steady at 3.4 per cent between end-March 2019 and end-September 2019, RBI's Financial Stability Report showed. As at end-September 2019, the capital to risk assets ratio (CRAR) of the NBFC sector stood at 19.5 per cent, lower than 20 per cent as at end-March 2019. The report said while the importance of NBFCs in credit intermediation is growing, the IL&FS episode brought the focus on the asset liability mismatches of non-bank lenders, which poses risks to the sector as well as the financial system as a whole. To address this, the RBI introduced the liquidity coverage ratio (LCR) requirement for all deposit-taking and non-deposit taking NBFCs with an asset size of Rs 5,000 crore and ...
The foreign banks' gross bad loans may increase to 3.1 per cent from 2.9 per cent in September 2019
Net NPAs of banking sector stood at 3.8 per cent as of March 2019
The amount they bought of such NPAs in the 12-month period was less, at Rs 57,506 cr, from the Rs 67,830 cr they acquired in the previous such one-year period
Net non-performing assets (NPAs) of all commercial banks reduced to 3.7 per cent in FY19 as against 6 per cent in FY18.