• Tag results for bad loans

PSU banks get lifeline to resolve bad loans

There are an estimated 200 large NPA accounts in various PSU banks with a total exposure of `3 lakh crore. 

published on : 16th November 2018

Modi government, central bank RBI set for uneasy truce: Sources

If not in this board meeting, sources said, the issue of relaxation of PCA framework which the finance ministry has been pitching for would be reached in the next few weeks.

published on : 14th November 2018

Indian Bank’s net profit dips due to increase in bad loans

The bank saw a total business growth of 14.28 per cent which amounted to a profit of around four lakh crores.

published on : 10th November 2018

IMF monitoring RBI rift; bats for central bank's independence

The standoff was in relation to RBI's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector.

published on : 2nd November 2018

SBI chief sees bad loan provision falling after two quarters

India's banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March.

published on : 12th October 2018

Arun Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued

Congress President Rahul Gandhi used the report to attack the government, saying demonetisation converted black money into white and Rs 3.16 lakh crore of loans were written off.

published on : 1st October 2018

State Bank of India to review sectors of exposure

Amid mounting bad loans plaguing the banking system, the State Bank of India (SBI) has set up an intermediary mechanism to review sectors of exposure.

published on : 29th September 2018

HDFC Bank sends 250 summons via WhatsApp, e-mail to defaulters

The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital means to issue summons.

published on : 15th September 2018

After Raghuram Rajan's letter on bad loans, Modi government set to review all fraud complaints received

The top banker’s missive gave Opposition a chance to attack Prime Minister Narendra Modi, saying that PMO sat on the letter and took no action.

published on : 15th September 2018

PNB invites bids from ARCs/FIs for 21 NPA accounts to recover Rs 1,320 crore

The public sector lender had put three NPA accounts for sale in April this fiscal and another three accounts in July with collective dues of more than Rs 350 crore.

published on : 13th September 2018

Banks may take 40-60 per cent cut on loan defaults: Study

Banks may need to take a haircut of 40-60 per cent on loan defaults to facilitate better rating to implement a resolution plan, reveals a joint study.

published on : 13th September 2018

Did Modi office sit on Raghuram Rajan's list of big fraud cases?

The comments had the Congress and the BJP locked in a slugfest with both parties defending the economic policies of their respective governments.

published on : 12th September 2018

Power sector heaves a sigh as SC stays RBI circular

The stay came exactly on the last day for bankers to refer unresolved NPA cases to the insolvency court.

published on : 12th September 2018

Over-optimistic bankers, growth slowdown responsible for bad loans: Ex-RBI governor Raghuram Rajan

Rajan also made a case for strengthening the recovery process and distance public sector banks from the government.

published on : 10th September 2018

P Chidambaram slams PM Modi; seeks details of bad loans under NDA government

The senior Congress leader also questioned why the present dispensation did not recall those loans, given by the previous government, which turned bad.

published on : 2nd September 2018
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