Finance Ministry to hold meeting with top management of banks on NPAs today
In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday. The agenda of meeting will be focussed on non-performing assets (NPAs) in sectors like steel, power and infrastructure, sources said.
Oct 23, 2016, 19:19 PM IST
Asset backed retail loans' quality to improve in 2 yrs: Moody's
Moody's Investors Service on Thursday said the asset quality of retail loans backing Indian asset-backed securities (ABS) will improve over the next two years, despite an expected uptick in non-performing loans.
Oct 13, 2016, 14:23 PM IST
RBI to come out with modified norms by October-end to effectively deal with NPAs
In order to effectively deal with high NPA problem, the Reserve Bank today said it will come out with a modified guidelines by month-end to allow portion of sustainable bad loans to be treated as a standard asset.
Oct 04, 2016, 20:16 PM IST
HDFC Bank net profit surges 20%, bad loans edge up too
Second largest private sector lender HDFC Bank on Thursday reported a 20.2 per cent growth in net profit to Rs 3,239 crore for the three months to June on the back of a healthy rise in core net-interest income, even as the asset quality marginally worsened.
Jul 21, 2016, 16:31 PM IST
Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan
Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.
Jul 17, 2016, 14:08 PM IST
PSBs' loan growth to remain muted at 9% till FY19: Report
Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report.
Jul 14, 2016, 11:18 AM IST
Loan dues can be recovered from debtor's savings account: Madras High Court
If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench here on Saturday.
Jun 18, 2016, 17:23 PM IST
PSB losses on higher provisioning, will provide more funds: Finance Minister
New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.
Jun 06, 2016, 14:54 PM IST
Arun Jaitley baffled why Congress not passing GST Bill
Finance Minister Arun Jaitley on Wednesday said that he was baffled as to why Congress is not allowing the passage of Goods and Services (GST) Bill.
May 18, 2016, 13:25 PM IST
RBI amends capital recognition rules; 35k-crore unlocked for PSBs
The Reserve Bank of India on Tuesday announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for state-run lenders impacted by asset quality troubles.
Mar 01, 2016, 20:51 PM IST
ICRA says NPAs under control, pegs it down at 5.5% from 5.9%
The days of continuously rising bad loans are over for the banks and they are set for revival with an improvement in their gross stressed assets, says rating agency ICRA.
Nov 23, 2015, 20:38 PM IST
UBI looks to bring down gross NPA below Rs 6,000 cr
The gross NPA level in percentage terms was around 9.5 percent.
Aug 28, 2015, 17:33 PM IST
ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15
The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.
Aug 26, 2015, 21:24 PM IST
All-out efforts on to bring down PSU banks' NPA: Jaitley
Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.
Aug 21, 2015, 14:27 PM IST
Difficult to give fresh loans to NPA accounts: SBI
Country's largest lender State Bank of India on Thursday expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not have any incentive by doing so.
Aug 20, 2015, 15:50 PM IST
Worst is over on asset quality: SBI
Country's largest lender SBI Tuesday said its worst asset-quality woes are behind it, expressing confidence that the situation will only improve going forward.
Aug 11, 2015, 22:29 PM IST
Public sector banks' NPAs would come down gradually: FM
Finance Minister Arun Jaitley on Tuesday said non performing assets of public sector banks would come down gradually over the next two-three quarters.
May 26, 2015, 22:28 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
Gyan Sangam: Low demand for credit an area of concern, says Banking Secretary
Acknowledging that bad loans are "problem area," Financial Services Secretary Hasmukh Adhia on Friday said the low demand for credit is an area of concern and there is need to increase the same.
Jan 02, 2015, 15:53 PM IST
SC seeks Centre's response on law declaring NPAs
The Supreme Court on Friday sought a response from the Centre and the State Bank of India (SBI) on a plea challenging the constitutional validity of certain provisions of a law under which a bank declares an account Non Performing Assets (NPA).
Nov 28, 2014, 22:10 PM IST
