Covid-19 pandemic: Finmin writes to RBI on relief measures
Finmin highlighted the need for relief measures as individuals & businesses face loss of income.
NBFCs seek more time, one-time recast of all NPAs
Urge RBI, finmin to relax timeline to 270 days, suspend classification of NPAs for 2 months...
Indian banks seek easier loan repayment, NPA classification due to Covid-19
IBA has made a five-point wish-list for the consideration of the ...
If things don’t worsen in 2 weeks, India will see a V-shaped recovery from April: Jain
IIFL Group Chairman Nirmal Jain says as these are extraordinary circumstances, it is natural and logical for RBI and the government to understand and provide for some exemptions to industry.
Covid-19 impact: How to shield the economy
We speak to experts, economists and policymakers to put together a checklist of possible steps to mitigate the impact.
Yes Bank borrowers loaned to 78 cos with Rana Kapoor links: ED
The Enforcement Directorate (ED) said loans worth Rs 20,000 crore sanctioned by Yes Bank when cofounder Rana Kapoor was at its helm had turned NPAs.
Financial audits failed repeatedly, govt should make cost accounting must to check bank NPAs: ICMAI
The comments come days after Yes Bank was put under a moratorium by the government and the Reserve Bank of India (RBI) due to an inability to raise capital. The country's largest lender State Bank of India has been forced to lead a scheme of restructuring and has committed Rs 10,000 crore.
Did depositors second-guess Yes Bank's fate? Here's a tale from last year
YES, one of India's largest private lenders, was recently put under moratorium by the RBI in the wake rising bad loans and "serious governance lapses". On Friday, the Reserve Bank of India unveiled a revival scheme, saying that the State Bank of India could acquire a 49 per cent equity stake in the private sector lender.
SBI Card aims to keep non-performing assets at 2.4-2.5%: CEO
SBI Cards and Payments Services aims to raise nearly $1.25 billion via an IPO.
Government waived loans of capitalist friends, alleges Priyanka
"The BJP government has waived loans worth Rs 8 lakh crore of capitalist friends of Modi ji. Why is the government which claims of making the names of the people having black money public is not making the names of these people public? By what process were their debts waived?" Priyanka Gandhi said in a tweet.
NPAs of PSBs stands at Rs 7.27 lakh crore
Thakur said during Question Hour that as a result of transparent recognition of stressed assets as NPAs, gross NPAs of PSBs, as per RBI data on global operations, rose from Rs 2,79,016 crore as on March 31, 2015, to Rs 6,84,732 crore as on March 31, 2017 and Rs 8,95,601 crore as on March 31, 2018.
Overall NPAs likely to fall but private bank NPAs could inch up: Krishnan Sitaraman, Crisil
For MFIs, every four years of decent performance is followed by one year of disturbance resulting in delinquencies going up. Cases in point, the Andhra microfinance crisis, the demonetisation situation. In specific states and districts, we have seen socio-political issues coming up, A year back, we had issues in Odisha; now we are talking about problems in certain Assam districts
HDFC Bank SME book doubles to Rs 1.48 lakh cr in under 3 years
Growth of the SME book, which has a typical ticket size of Rs 5 crore and below, has been so fast it was only Rs 48,000 crore in March 2015, that jumped to Rs 72,000 crore in March 2017 and crossed the Rs 1 lakh-crore-mark in March 2019 to sniff at Rs 1.5 lakh crore by December 2019.
Telco distress call: SBI says it’s prepared for the worst
Shares of SBI fell 8%, while other lenders with large exposure to telcos like Yes Bank and IndusInd Bank also dropped up to 5% on Friday. Analysts fear that the SC order could lead to a Vodafone Idea shutdown. “It may result in Rs 1.2-lakh-crore debt default, large-scale job losses and subscriber churn,” said Motilal Oswal in a report.
PFC NPAs to reduce with resolution of 4 stressed plants: CMD
The company’s gross NPAs has reduced from 9.39% to 9.05% after resolution of two stressed assets this year while the net NPAs reduced from 4.61% to 4.28%.
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