Fri, Jul 29, 2022
"We expects to recover Rs 8,000 crore every quarter and would ensure that its recoveries are higher than fresh slippages," Punjab National Bank's Managing Director A K Goel said
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Thu, Jul 21, 2022
It also said India's economic growth prospects should remain strong over the medium term, with GDP expanding 6.5-7 per cent annually in fiscal years 2024-2026.
Mon, Jun 10, 2019
RBI placed a new guidelines prudential framework for resolution of stressed assets by banks in the wake of the judgment of the Supreme Court of India.
Wed, May 03, 2017
Bad loans are one of the reasons why banks are currently suffering through higher provisions, deterioration in asset quality, higher slippages and thus lower earnings.
Fri, Apr 28, 2017
Madan Sabnavis and Anuja Shah economists at Care Rating said, “Performance of in FY18 will depend on how the manufacturing sector fares as this is required for revival in growth in bank credit. With a share of above 40%, it is the driving force."
Tue, Apr 25, 2017
Patel said that divestment in public sector banks would have a positive role for the sector. "Divestment measures would improve overall banking sector health," he said.
Fri, Apr 21, 2017
The Reserve Bank of India (RBI) has brought in new reforms to tackle banks' long hanging problem of “stressed assets.” Stressed assets arise after adding into non-performing assets (NPA), restructured loans and written off assets.
Tue, Apr 18, 2017
The outlook on the asset quality of the banking sector seems to be weak even as the fresh non-performing asset (NPA) generation rate continues to show signs of moderation.
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Thu, Apr 06, 2017
The RBI also increased minimum capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore earlier today.
Thu, Mar 30, 2017
Kotak Mahindra Bank has announced on Thursday to raise capital via issuance of securities up to 6.2 crore to fund consolidation, resolve bad assets and finance organic growth.
Mon, Mar 27, 2017
Banks cannot escape from the responsibility of controlling NPAs in their balance sheets.
Sun, Mar 26, 2017
Talking about the GST, he expressed confidence that the the biggest tax reform would be rolled out from July 1.
Sat, Mar 25, 2017
Elaborating on the issue, Reddy said NPAs are a "balance sheet" problem and, therefore, a "substantive issue".
Fri, Mar 24, 2017
The UK has conveyed to India that its request for extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, has been certified by the secretary of state.
Shares of public sector banks rose by up to 4.5 % today after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.
Sun, Mar 19, 2017
Venkatachalam said the reason for signing the MoU is understandable and AIBEA is ready for it.
Earlier this week, Jaitley had said the RBI has set up an Oversight Committee to look into process of the cases referred to it by the different banks.
Fri, Mar 17, 2017
This is a 7.5% growth in stressed loans from September to December end.
Jaitley said that from out of the all the defaulters, suits against 8,364 have been filed with loan amounting to Rs 85,258 crore. FIRs on 2,024 defaulters with loan of Rs 29,557 crore have been initiated, the parliament was told.
Tue, Mar 14, 2017
Subramanian also said that the bad bank will adopt all other options of resolution, including changing the promoters and management as well.
Fri, Mar 10, 2017
FM Arun Jaitley will meet senior Reserve Bank of India (RBI) officials in New Delhi on Friday to discuss the issue of banks` non-performing assets (NPAs) or bad loans, according to sources.
Wed, Mar 01, 2017
Bankers are also opposed to a "bad bank" and are urging the RBI to allow existing programmes to work.
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