Advertisements



RBI"s rules on NPAs may add to provisioning burden but aid in loan recovery

Bankers said the new framework would force defaulted accounts to the resolution path.....»»

Category: topSource: business-standardFeb 13th, 2018

RBI"s new rules on NPAs to weigh on bank stocks; PSBs to face bigger impact

Though framework is positive for banking sector in long-term, it will take a toll on its profits in near-term as provisioning will increase.....»»

Category: topSource: business-standardFeb 13th, 2018

India needs to strengthen RBI"s independence to help supervise banks: IMF

The report also suggested that loan classification and provisioning rules should be reviewed to ensure they reflect observed losses, and to reduce special loan categories.....»»

Category: topSource: business-standardDec 21st, 2017

Loan default: Listed companies get breather from Sebi

In July, the regulator had asked listed banks to make disclosures if provisioning and NPAs assessed by the RBI exceeded 15 per cent of published financials.....»»

Category: topSource: business-standardOct 1st, 2017

Sanctioned loan to Rotomac turned NPA in FY16, made 100% provisioning: BOI

The bank did not disclose the amount of its exposure to the Rotomac group.....»»

Category: topSource: business-standard11 hr. 32 min. ago

Bank loan default: Malvinder Singh restrained from selling properties

A bench headed by presiding officer GVK Raju passed the interim direction on an application by Yes Bank seeking recovery of Rs 5.6 billion loan given to Oscar Investment Ltd.....»»

Category: topSource: business-standardFeb 18th, 2018

For Indian banks, the worst of their bad-loan woes may be yet to come

The central bank surprised the financial sector this week by halting all of its existing loan-restructuring mechanisms with immediate effect, and rolling out new rules.....»»

Category: topSource: business-standardFeb 14th, 2018

NPA rules and Rs 110-bn fraud can put one-fourth of PNB"s net worth at risk

The fraudulent transactions, which can be as much as $1.77 bn, along with new NPA rules can lead to a surge in provisioning.....»»

Category: topSource: business-standardFeb 14th, 2018

RBI"s new rules on NPAs: Foreign firms" interest in auction of assets wanes

Complex legalities and short timelines push these companies away from bidding process.....»»

Category: topSource: business-standardFeb 13th, 2018

Corp Bank posts Rs 12.4-bn Q3 loss on higher NPAs; bad loan ratio at 15.92%

Sequentially, the net loss widened from Rs 10.35 billion in the second quarter (July-September) of 2017-18.....»»

Category: topSource: business-standardFeb 12th, 2018

Corp Bank Rs 12.4-bn Q3 loss on higher NPAs; bad loan ratio reaches 15.92%

Sequentially, the net loss widened from Rs 10.35 billion in the second quarter (July-September) of 2017-18.....»»

Category: topSource: business-standardFeb 12th, 2018

Central Bank Q3 net loss widens to Rs 16.6 bn as provisions for NPAs double

The provisioning for bad loans and contingencies was at Rs 34.27 billion during the quarter.....»»

Category: topSource: business-standardFeb 9th, 2018

One company will now handle close to half of all student-loan payments

What the merger of two payment processors means for America’s $1.4 trillion student-loan burden......»»

Category: topSource: marketwatchFeb 9th, 2018

Stress on profitability: Letter to BS on options to de-stress PSBs

There is an uneasy mix of continuing with the implementation of targeted lending through government-sponsored schemes, loan recovery and profitable functioning.....»»

Category: topSource: business-standardFeb 8th, 2018

IFCI Q3 net loss widens to Rs 1.77 billion on higher bad loan provisioning

Infrastructure lender IFCI Ltd's net loss ballooned to Rs 177 crore in the December quarter of the current fiscal as bad loans shot up, requiring higher provisioning. The company's net loss in the October-December period of la.....»»

Category: topSource: business-standardFeb 5th, 2018

Loan recovery agents crush UP farmer to death using his own tractor

Police have registered a case against five persons in this regard.....»»

Category: topSource: business-standardJan 22nd, 2018

Trump Targets Payday Loans Rules After Receiving Big Donations

The payday lending and title loan industry has been battling the CFPB since Congress created the bureau in 2010—and the fight has intensified since the bureau started crafting rules to regulate short-term lending in 2015......»»

Category: topSource: newsweekJan 18th, 2018

Affordable housing loans show good growth; NPAs rise too, says RBI

Housing finance companies (HFCs) and public sector banks (PSBs) experienced a slowdown in housing loan disbursements during 2016-17.....»»

Category: topSource: business-standardJan 15th, 2018

Job market squeeze: Education loan defaults rise 30% in Uttar Pradesh

The NPAs during 2014-15, 2015-16 and 2016-17 stood at Rs 1.42 bn, Rs 2.25 bn and Rs 2.51 bn respectively.....»»

Category: topSource: business-standardJan 15th, 2018

Bank of India postpones Rs 30-bn QIP plan after govt nod to infuse capital

The bank expects to be out of RBI's watchlist soon as it has put in place an aggressive bad loan recovery strategy.....»»

Category: topSource: business-standardJan 15th, 2018

BoI to be out of RBI watch list soon as bad loan recovery picks up: MD

Downgrading of accounts impacted the profitability as well as non-performing asset (NPA) position of the bank retrospectively.....»»

Category: topSource: business-standardJan 12th, 2018