bad loans

Bombay Mercantile Co-op Bank recovers NPAs worth Rs 6 crore in FY21: Chairman

The bank's gross bad loans stood at 6.61 per cent and the net NPAs were 5.11 per cent during FY21.

published on : 24th September 2021

DBS Bank sees sharp rise in bad loans post Lakshmi Vilas Bank merger

However, the lender has been able to register a near three-fold rise in net profit to Rs 312 crore for the year ended March 2021 (FY21), up from Rs 111 crore in FY20.

published on : 9th July 2021

Cabinet may soon clear proposal for govt guarantee to bad bank

According to sources, the proposal is before the Cabinet and its nod is required to extend sovereign guarantee to security receipts issued by NARCL.

published on : 29th June 2021

SBI's year-on-year net profit up by 80.15 per cent for fourth quarter of FY2020-21

Year-on-year Q4FY21 net interest income increased by 18.89 per cent to Rs 27,067 crore from Rs 22,767 crore reported for Q4FY20.

published on : 21st May 2021

Gross bad loan levels in Indian banks may rise to 9.7 per cent by March-end: ICRA ratings

While the headline asset quality and restructuring numbers are encouraging, these don’t reflect the underlying stress, it noted. 

published on : 6th April 2021

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
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