Page 15 - Non-performing Assets

RBI plans PCA framework, different supervisory system for NBFCs by 2022

The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

LVB Q2 loss widens to Rs 357 cr as bad loans rise, total income declines

Gross NPA at 21.25% of gross advances, compared with 12.31% a year ago; net NPA rise to 10.47% from 6.88%

Allahabad Bank PBT up 15.7% at Rs 2108 cr in Q2, asset quality declines

Gross NPA ratio rises to 19.05% from 17.53% a year ago, net NPA falls to 5.98% from 7.96%

The lure of dollar bonds

Surge in foreign borrowing poses risks

SMEs can call out big companies for dues, thanks to a tweak in IBC

Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments

Karur Vysya Bank's Sept quarter PBT declines 55% to Rs 66 cr, NPAs rise

The lender's total income grew 11.2% to Rs 1,815 cr during the quarter, from Rs 1,633 cr a year ago

IOB puts Jai Balaji Industries' Rs 187-cr NPA account up for sale

The bank said this is the first lot of non-performing asset accounts to be sold during the ongoing quarter of the current financial year.

Housing finance companies' gross non-performing assets up 2.2%: Icra

Markets like Surat and Pune in the affordable segment could show higher slippages owing to delays and challenges faced by some projects

Banks to face capital crunch of Rs 3.5 trillion if NBFC mess drags: Fitch

The stress test examines the potential impact on banks of liquidity pressures in the NBFC sector developing into widespread failures

Abhijit Banerjee calls for aggressive changes to deal with banking crisis

Banerjee said there is need to bring down stake of the government to below 50 per cent in banks so that the decisions are taken without fear of Central Vigilance Commission

NBFC crisis: Indian banks could face a $50-billion capital shortfall: Fitch

The weakest, including those with Viability Ratings in the 'b' range, would face heightened solvency risks without capital injections from the government, the rating agency said

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 ...

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

GNPA for PSBs in agriculture sector crosses Rs 1-trillion mark: RBI data

Instances and scale of farm loan waivers have seen an unprecedented increase since 2014-15... this surge is driven by state govt, finds RBI study

As NPA resolution crawls, banks stare at spike in credit cost: India Rating

Icra said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors

Letter to BS: PSBs should lend only to borrowers who can repay loans

Pushing up and encouraging lending to small businesses and retail borrowers by holding loan melas is not a wise move

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

Forensic audits business expected to boom as RBI prepares new norms

RBI's Annual Report for FY19 says the number frauds went up by 15% to 6,801 cases

Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar

We have budgeted Rs 70,000 crore for this year, says Finance Secretary Rajiv Kumar