• Tag results for bad loans

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

PM Narendra Modi blames Congress' 'phone-a-loan' scam for bad loans crisis

Modi targeted the Congress’ ‘phone banking’ culture whereby the party high command would dial PSU bank chiefs to facilitate loans to corporates of their choice.

published on : 1st September 2018

Bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before RBI's Monday deadline

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.

published on : 26th August 2018

Saddled with bad loans, 50 power projects hang by a thread

With August 27 deadline round the corner, 34 power companies are at the mercy of banks.

published on : 26th August 2018

SBI to get its ducks in a row by September, says chairman Rajnish Kumar

The State Bank of India (SBI), one of the largest public sector banks in the country, expects to become profitable by the end of the second quarter of the current financial year, said its chairman Raj

published on : 25th August 2018

SBI expects to settle power sector NPAs worth Rs 17,000 crore

The SBI is in talks with other banks over the potential resolution and, managing director Arijit Basu said, many investors have already expressed their interest.

published on : 25th August 2018

Government's capital support for PSBs will only give temporary relief: Moody's

Moody's also believes that the public sector banks' external capital needs will not grow much further after fiscal 2019 considering the imbalances in profitability and credit costs.

published on : 22nd August 2018

Government, courts too part of bad loan crisis: SBI chief Rajnish Kumar

Kumar explained that banks don't have the mindset of the Central Bureau of Investigation or Enforcement Directorate, and instead, lend money based on trust and paperwork.

published on : 21st August 2018
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