Urjit Patel holds long-gestation projects responsible for high NPAs
RBI Governor Urjit Patel on Saturday attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12.
Feb 11, 2017, 17:09 PM IST
Central Bank narrows Q3 net loss at Rs 605.70 crore
Public sector Central Bank of India on Saturday reported a net loss of Rs 605.70 crore for the third quarter ended December 31, 2016, on persisting bad loans.
Feb 04, 2017, 18:38 PM IST
Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham
Proper implementation of the Insolvency and Bankruptcy Code, 2016 can potentially free about Rs 25,000 crore capital locked up as non-performing assets (NPAs), or bad loans, over the next four-five years, Assocham said on Monday.
Nov 21, 2016, 17:29 PM IST
16 of 22 PSU banks skip paying dividend in FY16 on increasing NPAs
Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.
Nov 20, 2016, 19:02 PM IST
Finance Ministry to hold meeting with top bankers today to discuss NPA issue
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.
Oct 24, 2016, 09:18 AM IST
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
Mounting bad loans next big challenge; stage set for take effective action on NPAs: Jaitley
Terming the mounting bad loans as "next big challenge" for the country, Finance Minister Arun Jaitley today said banks should enforce their right and recover dues in the larger interest of the economy.
Oct 21, 2016, 19:26 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
India bad loans mountain grows, risks delaying bank clean-up
Stressed loans in India`s banking sector crossed $138 billion in June, central bank data reviewed by Reuters shows, an increase of nearly 15 percent in just six months that suggests a state clean-up effort will take longer and cost more than expected.
Oct 10, 2016, 21:19 PM IST
NPAs to dip on high industrial capacity utilisation: SBI chief
SBI chairperson Arundhati Bhattacharya Monday said the stressed assets level in the banking sector will come down once the key industrial sectors start functioning at their optimum capacity.
Sep 19, 2016, 22:32 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
Steel industry owes Rs 3,00,000 crore to banks
The steel industry has outstanding loans of around Rs three lakh crore in various banks, thus making the sector one of the largest contributors to non-performing assets (NPA) in the country.
Aug 01, 2016, 17:40 PM IST
Good monsoon may push FY17 GDP growth beyond 8%: Crisil
A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India's GDP growth beyond the 8 per cent mark in the current fiscal, Crisil said on Wednesday.
Jul 27, 2016, 21:21 PM IST
NPA clean-up should have started much earlier: Raghuram Rajan
Outgoing RBI Governor Raghuram Rajan, who has ruffled industry for his strident bid to get the bank balance-sheets cleaned up, on Tuesday admitted that the central bank should have carried out this exercise earlier.
Jul 26, 2016, 19:22 PM IST
Axis Bank Q1 profit dips 21% at Rs 1,556 crore
Private player Axis Bank on Friday reported 21 percent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.
Jul 22, 2016, 18:05 PM IST
Kotak Mahindra Bank posts 4-fold jump in net profit in Q1
Kotak Mahindra Bank on Thursday reported almost four-fold jump in stand-alone net profit to Rs 741.97 crore in the first quarter ended on June 30, 2016.
Jul 21, 2016, 21:41 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
NPA sales down to a trickle of just 2% of total bad loans
Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.
Jul 07, 2016, 19:34 PM IST
