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 per cent of standard advances during 2020-21, which will increase the banks' credit provision and impact their earnings, rating agency ICRA said in a report.
SBI, Union Bank to sell NPAs of Rs 2,836 crore this month
While SBI has put on sale Rs 1,554.87 crore of three assets, state-run Union Bank o...
No IBC and Covid NPAs coming, PSBs may sell Rs 20k-cr bad loans
An estimated Rs 20,000 crore worth of bad loans from state-run banks are up f...
Banks seek RBI nod to recast Rs 3 lakh crore loans minus downgrade
Lenders have asked central bank to allow them to restructure loans worth about Rs 3 lakh crore.
Delay in recognition of NPAs bad for financial health of banking sector: RBI
RBI noted that the recognition of past bad loans has “neared completion” in the reported fiscal year on the back of the asset quality review exercise undertaken by it in 2015 and the subsequent implementation of the framework for resolution of stressed assets. “Going ahead, this framework is expected to induce timely recognition of stressed assets,” RBI said.
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.
HDFC Q4 profit takes a hit as NPAs, provisions spike & other key takeaways
The loan book of the company grew 11 per cent during the year to Rs 4.51 lakh crore.
Bank of Baroda to appoint agencies to monitor Rs 4 lakh crore NBFC loans
India’s third-largest bank by loan size Bank of Baroda has taken the lead to monitor the entire NBFC loan portfolio on behalf of all lenders, three people familiar with the development said.
Lenders assess borrowers’ stress levels before offering fresh loans
To be sure, accounts that were standard before the lockdown began have no such issues with their credit pipelines.
Bank of Baroda to monitor 33-NBFC portfolios including Bajaj Finance, Tata Capital
It includes marquee names like Bajaj Finance, Tata Capital, HDB Financial Services, Tata Motors Finance, M&M Finance, KKR India, Indiabulls Commercial Credit having an exposure of Rs. 4 lakh crore to the banking system.
Banks bat for bad loan breather
Banks have sought that loans extended to overdue accounts be considered under the standard category, or classified as standard restructured asset, which would lead to lower provisioning.
One-year IBC suspension plan leaves banks in a fix
A one-year blanket suspension of new cases under the Insolvency Code has surprised bankers.
RBL Bank expects dip in new credit cards, spends in FY21
Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it's segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies. In FY21, the bank expects to sell only over 5 lakh credit cards as against the 13 lakh earlier.
Resolution delay forces banks to put NPAs on sale
Assets worth Rs 40,000 crore are up for sale in sectors such as power, roads, telecom in the first half of FY20. 34% of cases under IBC delayed as of June, up from 26% a year ago. The code is one of the signature reforms of the Modi govt.
Karnataka Bank Q4 net falls 56% to Rs 27 cr on higher provisioning
Sequentially, net profit in the three months to March declined significantly from Rs 123.14 crore in the third quarter of FY20.
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