NPAS OF PUBLIC SECTOR BANKS
Top 5 private banks stare at NPAs doubling to 5% in FY21
Top five private sector banks may see their slippages double to 5 per cent this fiscal, as per Ind-Ra report.
Bank NPAs may worsen to 11.6 pc by end of this fiscal due to coronavirus pandemic: Report
Fresh gross slippages are estimated to be at 5-5.5 ...
Talks underway to privatise some public sector banks
Punjab & Sind Bank, Bank of Maharashtra, IOB among PSU banks that could be privatised.
View: Public sector banks are not equipped to implement Covid stimulus package
The genesis of the problem can be traced back to the 90s. CVC was then flooded with cases relating to the Harshad Mehta scam. While this saga was taking place, all banks bent backwards to finance a small coterie of brokers who carried out speculation in shares, in violation of banking norms.
Loan recasts to only defer problem, NPAs may zoom up to 14pc due to COVID-19: S&P
The coronavirus pandemic has led to prolonged lockdowns and a chilling of economic activity, forcing the RBI to declare a six-month voluntary moratorium on loan repayments till September.
Finmin may review capital requirement of PSU banks after second quarter
The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time.
7 out of 12 PSBs have negative RoAs and the worst is yet to come
A clearer picture on how the pandemic is going to impact the banks' balance sheets may emerge in the December quarter earnings.
Does RBI wants co-operative banks to wither away?
The RBI has often acted with haste and betrayed its understanding of co-operative banks.
‘Loans worth Rs 1.68 lakh crore more could turn into NPAs on Covid’
“This is over and above the Rs 2.54 lakh crore anticipated prior to the onset of pandemic. It constitutes 6.63 per cent of the total debt (previous estimate: 4 per cent),” the agency said in its analysis. “Given that 11.57 per cent of the outstanding debt is already stressed, the proportion of stressed debt is likely to increase to 18.21 per cent of the outstanding quantum.”
Pandemic may lead to higher NPAs, banks need more capital buffer against shocks: RBI Governor
Covid may lead to higher NPAs and capital erosion of banks, while MFs may turn a stress point, Das has said.
Finance Ministry asks banks to cut costs
The finance ministry has issued a stern diktat to PSBs to defer ‘avoidable’ expenditure until next fiscal.
Three cyclical themes to chase as economies start recovering globally
‘The stimulus coming in upfront globally has helped a lot’
Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
The finance ministry on Monday said banks have sanctioned over Rs 75,000 crore loans so far under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under stress due to the coronavirus-induced lockdown.
Karnataka Bank Q1 results: Private lender reports record quarterly profit
The operating profit of the bank also increased from Rs 350 crore to Rs 677 crore, a growth of 93%.
Lenders want bad bank to take NPAs
At present, almost every day, the senior managements of PSU banks spend time in discussing NPAs that are under the insolvency process.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service