Overseas Financial Assets
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Overseas Financial Assets Of Indian Residents Fell By $43.9 Billion: Reserve Bank
According to the report, net claims of non-residents on India increased by $34.3 billion during the second quarter (Q2) of 2022-23 and stood at $389.6 billion in September 2022.
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Good Days For India Inc In Foreign Loan Market May Soon End: Report
Companies may get cheaper borrowing costs through the club arrangements. But doing so makes them reliant on a smaller group of banks, creating the risk that any shift in those lenders' willingness to extend funds could hamstring the firms.
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War On Bad Loans To Speed Up State-Run Banks' Capital Raising Via FPOs
SBI has already taken board approval for raising up to Rs 15,000 crore through various means, including public offer and overseas issuance of shares, during the current fiscal.
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RBI Puts 4 PSU Banks Under Watch On Asset Quality Concerns
RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as NPAs and provide for them.
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Government Intends To Sign Pacts To Seize Wilful Defaulters' Assets
Against the backdrop of Mallya episode, government on Thursday said it intends to enter into cross-border treaties to confiscate overseas assets of wilful defaulters and recover dues of banks as the Lok Sabha passed a bill that seeks to update existing laws in this regard.
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Icra Lowers Rating of Certain Indian Overseas Bank Bonds
Icra has lowered the rating of some of the bonds issued by Indian Overseas Bank due to asset quality concerns.
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Moody's Cuts Indian Overseas Bank Financial Strength Rating
Global rating agency Moody's Investors Service has lowered Indian Overseas Bank's baseline credit assessment (BCA) by two notches following a rise in bad assets of the state-run lender.
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S&P Downgrades Indian Overseas Bank to Speculative Grade
Global rating agency Standard & Poor's on Monday lowered credit rating of state-owned Indian Overseas Bank (IOB) to BB+, indicating speculative grade following deterioration in the lender's asset quality.
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S&P Maintains 'Negative' Outlook for Syndicate Bank
Global rating agency Standard and Poor's warned on Friday that it could downgrade rating of crisis-ridden Syndicate Bank if its asset quality deteriorates. It has issued a similar warning for Indian Overseas Bank (IOB).
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Tata Power Eyes Assets for Acquisition, Overseas Opportunities
Pushing ahead with its expansion plans, Tata Power is scouting for investment opportunities in select overseas geographies and eyeing assets available for acquisition due to financial stress in the power sector.
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Public-sector banks continue downslide in Q4, private banks shine again
According to analysts, private banks continued to outshine their public sector peers on both profitability and asset quality in the January-March quarter, highlighting yet again poor risk management and recovery of the government-owned lenders.
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Judging the impact of a junk-rated India: It's not as bad as it looks
Overseas portfolio investors have also been conditioned to low expectations for a government that has long disappointed on fiscal reforms - the key factor in whether or not India averts a ratings downgrade. Given its sizeable forex reserves and low overseas debt, a downgrade would not trigger financial turmoil.
-
Overseas Financial Assets Of Indian Residents Fell By $43.9 Billion: Reserve Bank
According to the report, net claims of non-residents on India increased by $34.3 billion during the second quarter (Q2) of 2022-23 and stood at $389.6 billion in September 2022.
-
Good Days For India Inc In Foreign Loan Market May Soon End: Report
Companies may get cheaper borrowing costs through the club arrangements. But doing so makes them reliant on a smaller group of banks, creating the risk that any shift in those lenders' willingness to extend funds could hamstring the firms.
-
War On Bad Loans To Speed Up State-Run Banks' Capital Raising Via FPOs
SBI has already taken board approval for raising up to Rs 15,000 crore through various means, including public offer and overseas issuance of shares, during the current fiscal.
-
RBI Puts 4 PSU Banks Under Watch On Asset Quality Concerns
RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as NPAs and provide for them.
-
Government Intends To Sign Pacts To Seize Wilful Defaulters' Assets
Against the backdrop of Mallya episode, government on Thursday said it intends to enter into cross-border treaties to confiscate overseas assets of wilful defaulters and recover dues of banks as the Lok Sabha passed a bill that seeks to update existing laws in this regard.
-
Icra Lowers Rating of Certain Indian Overseas Bank Bonds
Icra has lowered the rating of some of the bonds issued by Indian Overseas Bank due to asset quality concerns.
-
Moody's Cuts Indian Overseas Bank Financial Strength Rating
Global rating agency Moody's Investors Service has lowered Indian Overseas Bank's baseline credit assessment (BCA) by two notches following a rise in bad assets of the state-run lender.
-
S&P Downgrades Indian Overseas Bank to Speculative Grade
Global rating agency Standard & Poor's on Monday lowered credit rating of state-owned Indian Overseas Bank (IOB) to BB+, indicating speculative grade following deterioration in the lender's asset quality.
-
S&P Maintains 'Negative' Outlook for Syndicate Bank
Global rating agency Standard and Poor's warned on Friday that it could downgrade rating of crisis-ridden Syndicate Bank if its asset quality deteriorates. It has issued a similar warning for Indian Overseas Bank (IOB).
-
Tata Power Eyes Assets for Acquisition, Overseas Opportunities
Pushing ahead with its expansion plans, Tata Power is scouting for investment opportunities in select overseas geographies and eyeing assets available for acquisition due to financial stress in the power sector.
-
Public-sector banks continue downslide in Q4, private banks shine again
According to analysts, private banks continued to outshine their public sector peers on both profitability and asset quality in the January-March quarter, highlighting yet again poor risk management and recovery of the government-owned lenders.
-
Judging the impact of a junk-rated India: It's not as bad as it looks
Overseas portfolio investors have also been conditioned to low expectations for a government that has long disappointed on fiscal reforms - the key factor in whether or not India averts a ratings downgrade. Given its sizeable forex reserves and low overseas debt, a downgrade would not trigger financial turmoil.
