bad loans
Yes Bank shares dive 30 per cent on Q4 loss
The bank reported a loss of Rs 1,506.64 crore for fourth quarter ended March 31, owing to rise in provisioning for bad loans.
Supreme Court halts ArcelorMittal payment to buy Essar Steel: report
India’s bankruptcy court had approved ArcelorMittal’s USD 6 billion bid for debt-ridden Essar on March 8.
India needs to bolster level of capitalisation of government-owned banks: IMF
The level of non-performing loans (NPLs) in India remains high.
Kotak ties up with ADIA for USD 600 mn distressed assets fund
ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.
Fund infusion into PSBs not sufficient to support lending growth: Fitch
Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.
RBI proposes variable pay for bank CEOs
As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of ‘Material Risk Takers.
Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline
Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.
Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19
So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).
SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans
The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.
Andhra Bank's net loss widens to Rs 579 cr in Q3 as bad loans spurt
Andhra Bank had posted a net loss of Rs 532.02 crore in the October-December quarter previous fiscal.