Raghuram Rajan Bad Debt
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New RBI Chief Urjit Patel's Policies To Broadly Echo Rajan's: Poll
The Reserve Bank of India's monetary policy is likely to stay broadly unchanged when Urjit Patel takes over as governor of the central bank, according to a Reuters poll, but his approach to cleaning up public banks' bad debts could be less stringent.
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Raghuram Rajan's Latest Response To Critics (None Singled Out)
The Reserve Bank of India's outgoing governor, Raghuram Rajan, on Tuesday staunchly defended his record in curbing inflation and cleaning up bad debt at banks, and he called on the government to protect the central bank's independence.
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Next RBI Chief Faces Balancing Act On Bank Clean-Up
The next central bank chief faces a tricky task completing a bank clean-up spearheaded by outgoing Governor Raghuram Rajan, while coping with the demands of a government that is desperate to see a revival in lending to businesses.
-
Raghuram Rajan Urges Clean-Up Of Bad Debt At Domestic Lenders
Reserve Bank of India Governor Raghuram Rajan urged the country to clean up the bad debt held by its banks, calling it key to achieve stronger economic growth, in his second public appearance since saying he will step down in September.
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RBI Chief Wary Of Banks Taking Majority Stake In Stressed Debt Funds
The Reserve Bank of India is opposed to banks taking a majority stake in planned stressed-asset funds, and would rather have external investors provide their expertise in managing soured loans, Governor Raghuram Rajan said on Tuesday.
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India's Bad Loans Could Be Bigger Than New Zealand's $170 Billion Economy
India's bad-loans problem looks much worse than lenders have been willing to acknowledge, heaping pressure on banks' profits and further tightening the screws on distressed debt that could be bigger than New Zealand's $170 billion economy.
-
RBI Chief Rajan Says Need to Improve Health of Banks
Indian banks, which have about $120 billion in bad and troubled loans, are set to reveal more sour debt in the coming weeks after a clean-up ordered by the central bank.
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Rajan Asks RBI Staff to Ensure 'Rich and Powerful Wrong-doers' are Not Spared
As RBI chides banks to act tough on bad debts, Governor Raghuram Rajan has asked his colleagues to ensure that the central bank was not seen as mere "paper tiger" and even rich and powerful wrong-doers are not spared.
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RBI Says Looking at Bank Powers to Tackle Stressed Assets
The Reserve Bank of India (RBI) will examine how the country's banks are using provisions they were given to help tackle a crippling bad debt burden, governor Raghuram Rajan said on Friday.
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As Raghuram Rajan Tightens Screws, Banks Can Still Disguise Bad Debts
India's banks are grappling with more than $110 billion (Rs 7.3 lakh crore) of corporate stressed debt, a burden that is holding back fresh loans and hampering a speedier economic recovery.
-
Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
-
Need to Clean Up Bad Debts in Banks Within a Year: RBI Chief
Reserve Bank of India Governor Raghuram Rajan on Saturday made a strong case for cleaning up bad debts of banks and restructuring other possible non-performing assets (NPAs) within a year to put the economy back on track.
-
Rajan Blasts Unscrupulous Promoters, Says Taxpayers Pay For 'Riskless Capitalism'
Reserve Bank Governor Raghuram Rajan has come down heavily on large defaulters for continuously eroding the "sanctity of the debt contract" in the country. When the large promoter defaults willfully or does not cooperate in repayment to the public sector bank, he robs each one of us taxpayers, even while making it costlier to fund the new investmen...
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SBI to sell bad loans worth Rs 5000 crore to asset reconstruction firms: report
For the first time in its over two centuries of history, State Bank of India (SBI) is going all out to stem the rot by offloading around Rs 5,000 crore of its Rs 67,799 crore dud assets to asset reconstruction companies (ARCs) before the end of the month.
-
RBI proposes steps to rein in bad loans
The Reserve Bank of India (RBI) has proposed rules to help banks recover bad debts, including stricter treatment of delinquent corporate borrowers, in an effort to ease the financial stress on banks as the economy slows.
-
New RBI Chief Urjit Patel's Policies To Broadly Echo Rajan's: Poll
The Reserve Bank of India's monetary policy is likely to stay broadly unchanged when Urjit Patel takes over as governor of the central bank, according to a Reuters poll, but his approach to cleaning up public banks' bad debts could be less stringent.
-
Raghuram Rajan's Latest Response To Critics (None Singled Out)
The Reserve Bank of India's outgoing governor, Raghuram Rajan, on Tuesday staunchly defended his record in curbing inflation and cleaning up bad debt at banks, and he called on the government to protect the central bank's independence.
-
Next RBI Chief Faces Balancing Act On Bank Clean-Up
The next central bank chief faces a tricky task completing a bank clean-up spearheaded by outgoing Governor Raghuram Rajan, while coping with the demands of a government that is desperate to see a revival in lending to businesses.
-
Raghuram Rajan Urges Clean-Up Of Bad Debt At Domestic Lenders
Reserve Bank of India Governor Raghuram Rajan urged the country to clean up the bad debt held by its banks, calling it key to achieve stronger economic growth, in his second public appearance since saying he will step down in September.
-
RBI Chief Wary Of Banks Taking Majority Stake In Stressed Debt Funds
The Reserve Bank of India is opposed to banks taking a majority stake in planned stressed-asset funds, and would rather have external investors provide their expertise in managing soured loans, Governor Raghuram Rajan said on Tuesday.
-
India's Bad Loans Could Be Bigger Than New Zealand's $170 Billion Economy
India's bad-loans problem looks much worse than lenders have been willing to acknowledge, heaping pressure on banks' profits and further tightening the screws on distressed debt that could be bigger than New Zealand's $170 billion economy.
-
RBI Chief Rajan Says Need to Improve Health of Banks
Indian banks, which have about $120 billion in bad and troubled loans, are set to reveal more sour debt in the coming weeks after a clean-up ordered by the central bank.
-
Rajan Asks RBI Staff to Ensure 'Rich and Powerful Wrong-doers' are Not Spared
As RBI chides banks to act tough on bad debts, Governor Raghuram Rajan has asked his colleagues to ensure that the central bank was not seen as mere "paper tiger" and even rich and powerful wrong-doers are not spared.
-
RBI Says Looking at Bank Powers to Tackle Stressed Assets
The Reserve Bank of India (RBI) will examine how the country's banks are using provisions they were given to help tackle a crippling bad debt burden, governor Raghuram Rajan said on Friday.
-
As Raghuram Rajan Tightens Screws, Banks Can Still Disguise Bad Debts
India's banks are grappling with more than $110 billion (Rs 7.3 lakh crore) of corporate stressed debt, a burden that is holding back fresh loans and hampering a speedier economic recovery.
-
Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
-
Need to Clean Up Bad Debts in Banks Within a Year: RBI Chief
Reserve Bank of India Governor Raghuram Rajan on Saturday made a strong case for cleaning up bad debts of banks and restructuring other possible non-performing assets (NPAs) within a year to put the economy back on track.
-
Rajan Blasts Unscrupulous Promoters, Says Taxpayers Pay For 'Riskless Capitalism'
Reserve Bank Governor Raghuram Rajan has come down heavily on large defaulters for continuously eroding the "sanctity of the debt contract" in the country. When the large promoter defaults willfully or does not cooperate in repayment to the public sector bank, he robs each one of us taxpayers, even while making it costlier to fund the new investmen...
-
SBI to sell bad loans worth Rs 5000 crore to asset reconstruction firms: report
For the first time in its over two centuries of history, State Bank of India (SBI) is going all out to stem the rot by offloading around Rs 5,000 crore of its Rs 67,799 crore dud assets to asset reconstruction companies (ARCs) before the end of the month.
-
RBI proposes steps to rein in bad loans
The Reserve Bank of India (RBI) has proposed rules to help banks recover bad debts, including stricter treatment of delinquent corporate borrowers, in an effort to ease the financial stress on banks as the economy slows.
