Govt to make first round of capital infusion in PSBs soon
The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
Jul 04, 2016, 17:29 PM IST
Debt servicing ability of most large firms still weak: Report
Bloated credit profiles of corporates make their balance sheets vulnerable due to challenges from infrastructure, commodity meltdown and low consumption demand, leaving their interest coverage ability very weak, says a report.
Jul 03, 2016, 14:16 PM IST
This is how interest is calculated on credit card balance
Knowledge about how interest is calculated is an important approach towards using credit card more effectively.
Jul 02, 2016, 23:57 PM 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
To tackle bad loans, RBI proposes formation of dual funds by banks
In order to tackle the burning problem of sticky loans and debt-heavy companies, Reserve Bank of India (RBI) has proposed formation of dual funds by banks which may help in solving the tricky situation.
Jun 04, 2016, 10:29 AM IST
Two years of Modi government: Key tasks yet to be fulfilled!
As Narendra Modi led National Democratic Alliance (NDA) government completes two years in office, we are evaluating the promises fulfilled and those still incomplete here.
May 26, 2016, 17:28 PM IST
Shocking: One-third of a bank stock you buy is going away as bad loan!
It's not hidden from anyone that the Indian banking sector is in a great mess. The earnings numbers from the 25 banks for FY16 have clearly shown that the scenario is not very encouraging.
May 16, 2016, 19:09 PM IST
NPAs may rise to 6.9% under severe stress scenario: Finance Ministry
Attributing mounting bad loans to economic sluggishness, Finance Ministry's annual report has said gross non-performing assets (GNPAs) of banks could soar to 6.9 per cent by March 2017 in a "severe stress scenario".
May 14, 2016, 18:43 PM IST
Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr
The number of wilful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.
May 04, 2016, 11:08 AM IST
Banks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM IST
Banks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 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
SC asks RBI to curb increasing NPA
Watch this special segment and get to know more here.
Apr 12, 2016, 22:09 PM IST
Pay dues honourably or face coercive action: FM to Mallya
In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face "coercive action" by lenders and investigative agencies.
Mar 28, 2016, 12:28 PM IST
Sell assets of guarantors if firms don’t repay: Govt to banks
Issuing the directive to heads of PSBs, the Finance Ministry regretted that they seldom recover loan from guarantors in case of loan default by companies
Mar 19, 2016, 13:43 PM IST
'India may consider consolidating some banks into large banks'
India may consider consolidating some of the country's banks into three to five large banks to support manufacturers and exporters to compete with the best in the global market, Union Minister Piyush Goyal said on Friday.
Mar 19, 2016, 12:39 PM IST
Government to make wilful default a criminal offence
In order to tackle the crisis on bad loans, the Centre is contemplating a revamp on loan defaulters.
Mar 17, 2016, 10:46 AM IST
Banks see a plunge in advance tax payments as NPAs bite
Bad loans have hit the banking sector's advance tax payouts for March quarter, with SBI paying a 60 percent lower tax, ICICI Bank showing a marginal increase, while HDFC Bank posting a 14 percent growth in tax liability.
Mar 16, 2016, 12:26 PM IST
Large promoters can impede loan recovery: Raghuram Rajan
Large promoters have the strength to "impede any action" taken by banks to recover stressed assets, Reserve Bank Governor Raghuram Rajan said on Friday, while emphasizing that banks need to quicken the pace of recovery process and not postpone it.
Dec 11, 2015, 18:18 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
