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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
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Canara Bank Refuses To Share Defaulters' Names After Writing Off Rs 1.29 Lakh Crore Bad Loans
The bank accumulated a total of Rs 1,29,088 crore worth of bad debt from FY11-12 to FY21-22.
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First Batch Of Non Performing Assets To Be Shifted To Bad Bank In July: Finance Ministry
Finance Ministry on Monday said that the Rs 6,000-crore National Asset Reconstruction Company is expected to take over the first set of NPAs in July
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Yes Bank's March Quarter Records Profit At Rs 367 Crore
Yes Bank on Saturday reported a net profit of Rs 367 crore for the March 2022 quarter, helped by a heavy reduction in provisions for bad debts
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What Happens If The United States Defaults On Its Debt?
After narrowly avoiding a shutdown of the US government, President Joe Biden's Democratic lawmakers and the Republican opposition face an even more high-stakes task: forging an agreement to raise the country's borrowing limit or risk a catastrophic default.
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Budget 21: Bad Bank to Handle Record Levels of Soured Debt
Budget 2021: The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by the Finance Minister
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A Surge In Bad Debt Is Set To Worsen India's Shadow Bank Crisis
Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020
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KV Kamath Panel Identifies 26 COVID-19-Affected Sectors For Debt Resolution
The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on loans restructuring for COVID-19-affected businesses. The RBI-appointed panel, under eminent banker KV Kamath, recommended five financial ratios for 26 sectors - including aviation, construction, power, real estate and automobiles - wh...
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Farmers Face Debts As Banks Turn Risk-Averse During Pandemic
Farmers are being shunned by banks as lenders turn cautious due to rising bad loans
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Loan Restructuring Proposal To Prolong Banks' Bad Loan Uncertainty: Rating Agency Fitch
The RBI said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and lenders
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Banks' Bad Debt To Rise Sharply Amid COVID-19 Pandemic: RBI Report
The pandemic may push up the gross NPAs in the Indian banking system to at least 12.5 per centby March 2021, from 8.5 per centin March 2020
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SBI Cards And Payment Services Profit Drops 66% In March Quarter
SBI Cards and Payment Services on Friday posted a 66 per cent fall in net profit at Rs 84 crore for the quarter ended March 31
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Banks Should Declare 1-Year Moratorium on All Loans: Industry Body
Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry body sent this proposal in a communication to Finance Minister Nirmala Sitharaman, who heads the Covid-19 Economic Response Task Force.
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Loans Worth Rs 20,000 Crore Sanctioned By Rana Kapoor Turned NPA, Says Enforcement Directorate
Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai ...
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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
-
Canara Bank Refuses To Share Defaulters' Names After Writing Off Rs 1.29 Lakh Crore Bad Loans
The bank accumulated a total of Rs 1,29,088 crore worth of bad debt from FY11-12 to FY21-22.
-
First Batch Of Non Performing Assets To Be Shifted To Bad Bank In July: Finance Ministry
Finance Ministry on Monday said that the Rs 6,000-crore National Asset Reconstruction Company is expected to take over the first set of NPAs in July
-
Yes Bank's March Quarter Records Profit At Rs 367 Crore
Yes Bank on Saturday reported a net profit of Rs 367 crore for the March 2022 quarter, helped by a heavy reduction in provisions for bad debts
-
What Happens If The United States Defaults On Its Debt?
After narrowly avoiding a shutdown of the US government, President Joe Biden's Democratic lawmakers and the Republican opposition face an even more high-stakes task: forging an agreement to raise the country's borrowing limit or risk a catastrophic default.
-
Budget 21: Bad Bank to Handle Record Levels of Soured Debt
Budget 2021: The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by the Finance Minister
-
A Surge In Bad Debt Is Set To Worsen India's Shadow Bank Crisis
Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020
-
KV Kamath Panel Identifies 26 COVID-19-Affected Sectors For Debt Resolution
The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on loans restructuring for COVID-19-affected businesses. The RBI-appointed panel, under eminent banker KV Kamath, recommended five financial ratios for 26 sectors - including aviation, construction, power, real estate and automobiles - wh...
-
Farmers Face Debts As Banks Turn Risk-Averse During Pandemic
Farmers are being shunned by banks as lenders turn cautious due to rising bad loans
-
Loan Restructuring Proposal To Prolong Banks' Bad Loan Uncertainty: Rating Agency Fitch
The RBI said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and lenders
-
Banks' Bad Debt To Rise Sharply Amid COVID-19 Pandemic: RBI Report
The pandemic may push up the gross NPAs in the Indian banking system to at least 12.5 per centby March 2021, from 8.5 per centin March 2020
-
SBI Cards And Payment Services Profit Drops 66% In March Quarter
SBI Cards and Payment Services on Friday posted a 66 per cent fall in net profit at Rs 84 crore for the quarter ended March 31
-
Banks Should Declare 1-Year Moratorium on All Loans: Industry Body
Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry body sent this proposal in a communication to Finance Minister Nirmala Sitharaman, who heads the Covid-19 Economic Response Task Force.
-
Loans Worth Rs 20,000 Crore Sanctioned By Rana Kapoor Turned NPA, Says Enforcement Directorate
Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai ...
