RBI's new NPA norms may undermine bank earnings: Fitch
The new framework will give banks less discretion over the reporting and resolution of bad assets.
Feb 22, 2018, 20:16 PM ISTBank of Baroda Q3 profit sinks 56% as provisions for bad loans nearly double
The bank’s net profit fell to Rs 112 crore in the quarter ended December, compared with Rs 25,300 crore in the year-ago quarter.
Feb 09, 2018, 19:33 PM ISTSBI reports Q3 loss at Rs 2,416 crore; provisions for bad loans rise 6%
The bank reported a rise in gross NPAs at 10.35% as against 9.83% in the previous quarter ended September.
Feb 09, 2018, 18:37 PM ISTWatch: PM Modi attacks Congress, says previous govt responsible for NPA mess
PM Modi launched scathing attack against Congress, says previous govt responsible for NPA mess. Watch the video to know more about the news.
Feb 07, 2018, 17:23 PM ISTIBC mechanism used actively to resolve bad loan problem: Economic Survey
Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.
Jan 29, 2018, 14:23 PM ISTModi spreading bluff on NPAs, BJP govt is to be blamed for the mess: Congress
The Congress on Thursday made a strong attack on PM Modi for his remarks on NPAs.
Dec 14, 2017, 14:50 PM ISTPNB puts 32 NPAs with outstanding loan of Rs 1,176 crore on block
Assets owned by accounts would be e-auctioned on November 8, the notice said, adding auction would be conducted by Delhi zonal office.
Oct 08, 2017, 14:06 PM ISTOriental Bank says under central bank 'corrective action' over bad loans
Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.
Oct 08, 2017, 10:37 AM ISTBarring auto, even retail loans see spike in bad loans: Report
Education loans and commercial vehicle loans reported one of the biggest spikes in the proportion of NPAs, while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark.
Oct 08, 2017, 10:17 AM ISTAfter Sinha, RSS-affiliate labour body tears into Modi govt; Ambani remains hopeful
Saji Narayanan, National President of the Bharatiya Mazdoor Sangh, in a statement demanded the government declare a stimulus package towards employment generating activities in labour intensive sectors "to contain slowdown of the economy".
Sep 27, 2017, 13:53 PM ISTGlobal cues, rupee movement to drive Indian equity markets
Last week, key equity indices gained around one per cent each on hopes of a rate cut by the Reserve Bank of India, coupled with short-covering and healthy auto sales and manufacturing data.
Sep 03, 2017, 13:18 PM ISTNPA resolution not to liquidate companies, but to help save them: Finance Minister
Explaining the rationale for the new insolvency and bankruptcy code (IBC), he said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.
Aug 19, 2017, 13:43 PM ISTNPA resolution to spur credit expansion, growth: Arvind Panagariya
Resolution of bad loans in the banking system is on 'right track' and will 'open the door' to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said.
Aug 13, 2017, 12:35 PM ISTCentre to go after bank loan defaulters who divert funds: Arun Jaitley
He said the government would go after those who diverted funds got through loans and defaulted on payments.
Kotak Mahindra Bank Q1 net up 23% at Rs 912.73 crore
Kotak Mahindra Bank on Thursday reported 23.10 per cent increase in standalone net profit at Rs 912.73 crore for the first quarter ended June 30.
Jul 20, 2017, 13:02 PM IST'Lenders' inclusion under PCA for timely improvement of their performance'
The deputy governor expressed strong displeasure on social media messages spreading false information about the future of some of the nine banks under the PCA framework and urged everybody to "apply the mind" while reading those.
Jul 14, 2017, 18:39 PM ISTBanks may have to take 60% haircut on 12 largest NPAs: Crisil
The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.
Jun 26, 2017, 16:46 PM ISTBankers to meet from Monday to decide on large defaulters
Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.
Jun 18, 2017, 15:28 PM IST12 defaulters identified by RBI to be named soon: Finance Ministry
The Finance Ministry on Wednesday said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public.
Jun 14, 2017, 21:49 PM ISTRBI identifies 12 accounts responsible for 25% of Rs 8 lakh crore bad loans
The RBI on Tuesday identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 percent of total NPAs of banks for immediate referral for resolution under the bankruptcy law.
Jun 13, 2017, 21:10 PM IST