IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21
The Chennai-based bank is hoping to come out of the prompt corrective action (PCA) framework of the Reserve Bank of India (RBI) next fiscal.
Loan moratorium: SC to resume hearing today on interest waiver, RBI seeks to end stay on classification of NPAs
The Supreme Court will contin...
Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
In its report titled "The Stress Fractures In Indian Financia...
Had demanded timely action from RBI on Lakshmi Vilas Bank, merger with a public sector bank: AIBEA
For the past three years and more, the Tamil Nadu-based private sector Lakshmi Vilas Bank has not been in good health, rather, it was suffering from bad health and continuous loss, AIBEA said.
Higher NPAs hinder monetary policy transmission: RBI paper
In an environment of sustained asset quality stress impacting the capacity of banks to lend, the government has infused capital in public sector banks to improve their capital position and facilitate credit extension, the paper noted.
Federal Bank expects spurt in NPAs in next two quarters if economic conditions do not improve
As against the usual rate of Rs 300-350 crore in fresh slippages per quarter, the number may go higher by over 30 per cent if the economy continues to be challenging, its managing director and chief executive Shyam Srinivasan told PTI.
Banking without NPAs: The conundrum revolving around use and misuse of loans
Singed by the sharp increase in non-performing assets following RBI’s largesse after the 2008-09 global financial crisis, and its failure to nip nascent NPAs in the bud, the RBI-Kamath Committee combine has come up with stringent conditions that few companies will be found eligible to avail the restructuring.
Banks report lower NPAs for September quarter
Contrary to expectations that there would be an increase in bad loans in the banking sector due to Covid-19, the ratio of non-performing assets (NPAs) to total loans has improved during the quarter ended in September 2020.
Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore
"As per Reserve Bank of India (RBI) data on domestic operations, NPAs of scheduled commercial banks pertaining to large industry and services have come down to Rs 4,36,492 crore as on June 30, 2020 (provisional) from Rs 6,35,971 crore as on March 31, 2018, registering a decline of 31 per cent," Thakur said in a written reply to the Lok Sabha.
Government opposes further loan moratorium
The government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan moratorium scheme for small borrowers and waived interest on interest. “Any such relief sector-wise would be a problem under Article 32,” he said.
Supreme Court grants relief to borrowers, extends loan moratorium period till September 28
The top court extended the interim order in which it had directed the banks not to declare as NPAs accounts that are unable to make repayments.
Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
RBI has set precedence in LVB bond write-off, will hurt other banks: Report
During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument called additional tier-I bonds.
View: Why a rush from large corporate and industrial houses to own banks is still very unlikely
Reactions to the recommendation allowing industrial houses to own banks have been strident. The main contentions being that India had eschewed large corporate houses from owning banks for over 50 years for good reasons that still stand. So, goes this line of thinking, it isn’t — at least now —the right time to change the policy.
RBI's culpability in Lakshmi Vilas Bank's failure needs to be looked into: AIBEA
In a letter to Finance Minister Nirmala Sitharaman on Wednesday, the All India Bank Employees Association (AIBEA) said the approach of merger of the Tamil Nadu-based lender with Indian subsidiary of a Singapore-based bank is opposite to the policy of Aatmanirbhar Bharat professed by the government.