SP Group owns 18.5 per cent stake in Tata Sons, which is estimated by the group as being worth Rs 1.75 trillion
An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis
Retail NPA ratios for December quarter at 10-year high for most private banks
Finance Minister Nirmala Sitharaman on Monday proposed setting up of an asset reconstruction company and an asset management company (AMC) to clean up non-performing assets in the banking sector. The new entities will help effectively deal with non-performing assets (NPAs) which may see a surge once regulatory forbearance to deal with the impact of COVID-19 is withdrawn. The high level of provisioning by public sector banks for their stressed assets calls for measures to clean up the bank books, the finance minister said while unveiling the Budget for 2021-22. "An Asset Reconstruction Company Limited and Asset Management Company would be set up to consolidate and take over the existing stressed debt and then manage and dispose of the assets to Alternate Investment Funds and other potential investors for eventual value realization," she said. Provision Coverage Ratio in most of the banks is over 80 per cent, which means that the lender has made a provision of 80 per cent against ...
The private lender is looking to grow its loan book by 15-18 per cent YoY for the next two financial years under its fifth planning cycle
The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning
Lender names EY as advisor, has already made provisions for Rs 24,476 crore, or 76% of its gross NPA
Q2 Net NPA at 1% is the best since FY16; margin for error on asset quality may be very limited
The RBI informed the court that the regulator had been "most proactive" in accounting a series of measures to mitigate the impact of the Covid-19
Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 trillion in June this year, Parliament was informed on Monday
Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns
SC extended its order that no account be declared NPA after the Centre said an expert panel is looking into the issue of interest charged by banks on instalments deferred during moratorium period
Analysts remain skeptical of the timeline to implement the restructuring guidelines and the number of companies that may meet the eligibility criteria
In a relief to stressed borrowers who are facing hardship due to the pandemic, the SC said that accounts which were not declared as NPAs till August 31, shall not be declared NPA till further orders
The Supreme Court Bench said if a loan account had not been declared bad as of the end of August, it should not be classified as NPA till the moratorium case was disposed of
The scheme provides liquidity to stressed MSMEs without really burdening them with heavy debt obligations and the banks are guaranteed the loan amount so they don't have to worry about repayment
Leading the chart is Mehul Choksi-promoted Gitanjali Gems Ltd with an outstanding loan of Rs 5,064.84 crore
Call for closer look at borrowers who delay repayment up to eleventh hour just to avoid NPA tag
Its net profit for the quarter under review rose to Rs 400.77 crore compared to a net profit of Rs 384.21 crore in Q1FY20
NBFCs likely to face heightened pressure with NPAs touching 7-9.5%; HFCs will be better off with NPAs expected to touch 3.4-4.8%