Strengthening sentiment has increased access to the offshore loan markets for investment-grade domestic lenders
Review of the credit profile, reskilling the board and succession planning, interacting and communicating with investors and other stakeholders, among other things, will help broaden the board's agend
Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale. Both the banks said they will conduct the e-auction on 20th of this month. SBI has put up a total of 12 accounts with total outstanding of Rs 848.54 crore for sale. "...we place these accounts for sale to asset reconstruction companies (ARCs)/banks/NBFCs/financial intuitions," said SBI, the country's largest bank. Of these accounts, Surat based Garden Silk Mills has the highest outstanding of Rs 225.06 crore, followed by Korba West Power Company (Gurgaon) Rs 124.78 crore, Modern Steels (Chandigarh) Rs 122.61 crore and SNS Starch (Secunderabad) Rs 66.87 crore. Rest NPA accounts include Leitwind Shriram Manufacturing Pvt Ltd (Rs 64.95 crore), Unijules Life Sciences (Rs 59.25 crore), Scania Steels & Power (Rs 42.42 crore), KSM Spinning Mills (Rs 40.42 crore), Modern Dairies (Rs 39.93 crore), Asmita Papers (Rs 37.23 crore), Forel
The central bank's half-yearly report said the NPAs have touched double digits
A number of NPAs resulted from overleveraging after a high-growth period
When we now talk about stressed loans of more than Rs 10 trillion, the 10 years from 2004 to 2014 become important, for this was the period when these loans were sanctioned and disbursed
Committee appreciates that RBI is in favour of making available information on wilful defaulters in public domain
The central bank had issued a similar clarification in June also
The FSR report said public-private partnership (PPP) projects involving high leverage were also undertaken
The housing loan portfolio of banks as a whole clipped at 18.27 per cent in fiscal 2017
There is constraining private sector investment while PSBs are carrying lot of bad loans: Rogoff
Gujarat HC asked NCLT not to conduct any hearing in Essar Steel's matter till July 12
SBI seeks applications for empanelment, sets stiff conditions
Private banks must explain the discrepancy