RBI moratorium: Lenders’ body wants RBI to freeze bad loan recognition as on February 29
Lenders do not want any borrower who makes use of the moratorium to fall into the category of a non-performing loan because of having missed payments in the previous two months – January and February. A loan gets classified as a bad loan if the interest or principal is overdue 90 days.
Central Bank of India plans to exit housing finance subsidiary
The bank holds 64.40 per cent in the unlisted housing finance company, while t...
PSBs shutter many branches, ATMs in cities as costs mount
Lenders find launch and maintenance of physical infrastructure untenable.
Mega bank consolidation: Meeting April 1 deadline appears challenging
Last year, the government announced consolidation of ten PSBs into four mega state-owned lenders.
Gujarat banks' gross NPAs rise to Rs 43,000 crore as of Sept
Gross NPAs in overall agricultural segment remained at 7.56 per cent of the outstanding amount, while those of the MSMEs were the highest at 8.02 per cent of outstanding, the report reveals.
Union Bank of India to list non performers, review them next three quarters
The bank said the exercise was not to penalise non-performers, but to guide them to realize their potential
Covid-19 pandemic: Finmin writes to RBI on relief measures
Finmin highlighted the need for relief measures as individuals & businesses face loss of income.
IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEO
The Public sector bank, which is under the RBI's prompt corrective action (PCA) currently and has been incurring losses for the past 18 quarters, posted large losses because of huge non-performing assets (NPAs) for the past 7-8 years, caused mainly on account of large exposure in the corporate sector, its CEO Karnam Sekar said.
RBI allows banks to treat IL&FS expsoure as NPAs
IL&FS Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process.
With AGR ruling, banks fear surge in bad loans
SC's ruling puts at risk the nearly Rs 30,000 cr loans to Voda-Idea, whose survival is now at serious risk.
Fresh NPAs to moderate in FY'20: ICRA
The ratings firm has revised the outlook of six public sector banks of which five are positive revisions.
SBI MD Arijit Basu bats for greater oversight on banks, sans overreach by probe agencies
With a view to protect prudent decision making of bankers, the government last month took a slew of decisions, including doing away with personal responsibilities of MD and CEO of public sector banks (PSBs) for compliance in dealing with large value frauds committed by bank officials.
Crisis-hit cooperative bank looks to raise Rs 300 crore in fresh capital
Sri Guru Raghavendra Sahakara Bank’s management proposes measures to RBI for a speedy turnaround
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.
Bad loans of public sector banks fall to Rs 7.27 lakh crore at end of Sept 2019: Nirmala Sitharaman
"The government has instituted comprehensive reforms in PSBs to improve, governance, underwriting, monitoring and recovery, and has leveraged technology in all aspects of banking, resulting in reduction in their NPAs," Sitharaman said in written reply to a question in the Lok Sabha.
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