PSBs recapitalisation: Government to release 2nd tranche of funds soon
The government last year unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.
Oct 03, 2018, 15:14 PM IST
Banks set to refer 23 of 28 large stressed accounts to NCLT
These 28 accounts together account for 40 percent of bad loans of around Rs 4 trillion.
Dec 13, 2017, 12:39 PM IST
Bank stocks surge up to 9% on NPA resolution push
Bank stocks were in the limelight today, surging by up to 9 percent on the government's decision to put in place a mechanism to effectively deal with the problem of mounting bad loans in the sector.
May 04, 2017, 12:54 PM IST
Cabinet has taken significant decision on banking sector: Jaitley
India`s cabinet has taken significant decisions on the country`s banking sector, Finance Minister Arun Jaitley said, declining to give further details, saying it needed a Presidential accord.
May 04, 2017, 12:52 PM IST
Banks moving past worst asset quality cycle, outlook stable: Moody's
India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.
Sep 19, 2016, 17:53 PM IST
Bad debt: SC asks finance ministry to explain steps taken for recovering NPAs
SC has also asked the Finance Ministry to inform as to what safeguards it is bringing in to curb bad debt.
Apr 26, 2016, 13:34 PM IST
Clear policies, project clearances key to NPA fight: Kochhar
ICICI Bank chief Chanda Kochhar Thursday said rather than blaming banks for shoddy diligence, predictable policies and "unshackling" stuck projects are the key to tackle the problem of bad loans.
Aug 20, 2015, 23:04 PM IST
Rajan warns of action against banks hiding true NPA numbers
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
Aug 04, 2015, 22:02 PM IST
Bad loans to rise to Rs 4 lakh cr for banks: Crisil
Asset quality woes of banks may turn worse for banks, with their gross non-performing assets (NPA) expected to rise by Rs 60,000 crore in the current fiscal to Rs 4 lakh crore, credit rating firm Crisil said Tuesday.
May 12, 2015, 23:46 PM IST
RBI's new mechanism for banks to check loan frauds
The RBI on Thursday put in place a new framework to check loan frauds including by way of early warning signals at banks and red flagging of accounts, while swindlers will have no access to further banking finance.
May 07, 2015, 22:16 PM IST
FinMin discusses 85 large projects worth Rs 3.51 lakh crore
In an effort to help banks facing asset quality woes and to revive investments in the critical infra sector, the government Tuesday discussed 85 large projects entailing Rs 3.51 lakh crore in outstanding bank credit.
Apr 28, 2015, 18:42 PM IST
Finance ministry calls meeting of bank heads on April 28
The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.
Apr 19, 2015, 18:32 PM IST
Total NPAs of banks increase to Rs 3,00,611 crore
The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth.
Mar 13, 2015, 17:51 PM IST
FinMin orders forensic audit of UCO Bank
The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.
Aug 26, 2014, 23:01 PM IST
'Govt, bank mgmts not making serious efforts to recover NPAs'
The Bank Employees Federation of India (BEFI) Sunday came down heavily on the central government and the bank managements over accumulation of Non-Performing Assets (NPA) to the tune of Rs 2 lakh crore.
Jul 27, 2014, 19:59 PM IST
SBI sells NPA worth Rs 3,590 cr to ARCs last fiscal
State Bank of India sold non-performing assets worth Rs 3,590 crore to various asset reconstruction companies (ARCs) during 2013-14.
Jul 15, 2014, 17:04 PM IST
CII suggests action plan for revival of NBFCs
Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.
Jun 15, 2014, 20:19 PM IST
