bad loans

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

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

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

Dhanlaxmi Bank reports net loss of Rs 45 crore in first quarter as bad loans rise

Total income during the said quarter was down at Rs 256.36 crore from Rs 287.25 crore a year ago, the bank said in a regulatory filing.

published on : 7th August 2018

Kerala’s bad loans in the education sector shoot up

Kerala launched a Rs 900-crore ELRS scheme to help students from families with annual income below Rs 6 lakh repay their education loans.

published on : 4th August 2018

Inter-creditor agreement to resolve bad loans may lead to duplication, say experts

Sources also hint that the creation of the ICA framework was largely due to less than anticipated success rate of the Insolvency and Bankruptcy Code, which aims at resolving cases in a time-bound way.

published on : 25th July 2018

SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

Stock of SBI was trading 5.2 per cent up at Rs 257.85 on BSE in afternoon trade.

published on : 22nd May 2018

SBI no longer in list of top 10 most valued Indian companies

Kotak Mahindra Bank has replaced the largest state owned bank State Bank of India in the list of the country’s 10 most valued companies in the aftermath of a series of banking frauds and NPAs.

published on : 17th April 2018

The great bank robbery

Unlike many other financial fugitives, Nirav Modi’s wherabaouts are unknown, and hence extradition proceedings cannot be launched against him.

published on : 7th April 2018

PNB loans: Finance ministry gets cracking as scam gets bigger and bigger

Bad loans above Rs 50 crore to be combed for traces of fraud. Public sector banks have been given ultimatum to set up panel, fix all security gaps within 15 days.

published on : 28th February 2018

New bad loan resolution framework to add Rs 2 lakh crore stress on banks

Analysts say the new norm will add over Rs 2 lakh crore worth bad loans to the existing pile of Rs 10 lakh crore.

published on : 15th February 2018

RBI's new bad loan regime in place to promote transparency

RBI scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.

published on : 13th February 2018

Humongous bank fund infusion tied to reform firewall against bad loans

Rajeev Kumar, secretary, Department of Financial Services, said the government will infuse Rs 88,139 crore capital into PSBs by March 31, but recapitalisation will be tied to performance and reforms.

published on : 25th January 2018

Bad loans at public sector banks surge by 1 lakh cr in April-December 2016

Bad loans rose by over Rs 1 lakh crore in the first nine months of current fiscal to Rs 6,06,911 crore by December.

published on : 15th March 2017