Bad Loan

Tuesday, May 21, 2024 | Last Update : 02:48 PM IST

In another decision taken at the meeting, Sebi would revise the norms for issuance of shares on right basis to existing shareholders.

Sebi tightens disclosure norms on loan defaults

Sebi also extended the Business Responsibility Report (BRR) requirement to top 1,000 companies, from 500 currently.

20 Nov 2019 5:31 PM

The bank said that it intends to convene a meeting of its board of directors by the end of this month to finalise its capital raise.

Yes Bank posts lower net profit for FY19 due to NPA divergence

The private sector lender had reported a net profit of Rs 1,720.28 crore in 2018-19.

20 Nov 2019 10:59 AM

NABARD chairman Harsh Kumar Bhanwala said that cooperative and regional rural banks have also been asked to submitted information about deposits on every 15 days. (Photo: ANI)

NABARD seeks credit disbursal from banks on monthly basis

Speaking on the bank's Non-Performing Assets, the NABARD chief said that the bank's NPA has reduced last year.

13 Nov 2019 12:59 PM

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

India's bad debt pile eased by write-offs, underlying problem far from resolved

As of June 30, total stressed assets on the books of Indian banks were at 9768.47 bn rupees down from 10,672.29 bn rupees.

08 Nov 2019 3:50 PM

Net NPAs or bad loans too rose to 4.35 per cent as against 0.84 per cent. Provisions for bad loans and contingencies rose to Rs 1,336.25 crore as against Rs 942.53 crore earlier.

Yes Bank posts net loss of Rs 629 cr in Sept quarter as bad loans spike

The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal.

01 Nov 2019 6:42 PM

Markets regulator Sebi asked all listed banks to make disclosures about any divergence in provisioning of bad loans.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM

In FY18, the banks had reported frauds worth Rs 41,167 crore.

Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

05 Jul 2019 9:39 AM

New NPA resolution norms in 3-4 days: Shaktikanta Das

On April 2, the SC had declared as 'ultra vires' the February 12 circular that mandated banks to label even a day's default as NPA.

06 Jun 2019 1:18 PM

The e-auction of all these accounts will take place on March 20.

Central Bank puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan

Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank.

05 Mar 2019 9:40 AM

Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

SBI says reports of taking Jet Airways to NCLT ‘speculative’

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways.

25 Feb 2019 2:07 PM

The PSBs continued to register huge losses with their losses still coming to Rs 11,109 crore in Q3 FY19 compared with Rs 16,067 crore in Q3 FY18. (Representational image)

Q3: Bad loan situation stabilising for banks

On the profitability front, too, the state-owned lenders lagged behind.

13 Feb 2019 3:12 AM

Finance MInister Piyush Goyal. (Photo: File)

Rs 3 lakh cr recovered from big corporate loan defaulters: Piyush Goyal

Maharashtra have been removed from the PCA (prompt corrective action) framework of the RBI.

01 Feb 2019 11:56 AM

ESIL is among the list of top 12 large corporate debtors, referred as ‘dirty dozen’ that was referred by the RBI for resolution in insolvency courts.

New twist to Essar tale, SBI seeks to sell Rs 15,000 cr bad loans

SBI has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.

17 Jan 2019 10:51 AM

Finance Minister Arun Jaitley. (Photo: ANI)

Banks likely to recover bad loans worth Rs 700 bn by March-end: Jaitley

Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, he added.

03 Jan 2019 2:32 PM

During 2014-15 to 2017-18, the PSBs witnessed reduction in their NPAs due to write-offs (including compromise) to the tune of Rs 3,16,515 crore. (Photo: PTI)

PSBs recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18: Minister

Write-offs of NPAs is a regular exercise of the banks to clean up their balance sheet, tax benefit and capital optimisation.

14 Dec 2018 5:57 PM

Overall, most banks showed a reduction in gross non-performing loans (NPLs) and lower formation of new NPLs.

Banks showing positive signs but fundamentals still weak: report

Valuations of Indian bank USD bonds remain relatively expensive and do not offer much upside from current levels.

09 Nov 2018 10:48 AM

The country's largest lender said the e-auction of these NPA accounts will take place on November 22.

SBI puts up 11 NPA accounts for sale to recover Rs 1,019 crore

SBI has reported a hefty loss of Rs 4,876 crore for the June quarter due to higher NPAs or bad loans.

05 Nov 2018 11:19 AM

Defence Minister Nirmala Sitharaman. (Photo: ANI | Twitter)

Sitharaman blames UPA for bad loans, defaulters fleeing country

Public and private sector banks are all facing difficulty due to this.

10 Oct 2018 2:01 PM

The e-bidding for these accounts will take place on September 26.

SBI to sell 8 NPAs to recover dues worth over Rs 3,900 crore

SBI's gross NPAs rose to 10.69 per cent of the total advances at the end of June this year, as against 9.97 per cent a year ago.

18 Sep 2018 10:14 AM

The government expects state-run banks to recover Rs 1.5 lakh core of bad debt during the current financial year.

PSBs put up Rs 8,500 crore bad loans on block

State-run banks have made a total recovery of Rs 36,551 crore in the first quarter of 2018-19.

17 Sep 2018 12:38 PM

The bank had gross bad loans of Rs 82,888.79 crore on its books by the end of the first quarter of this fiscal.

PNB invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sep 2018 10:19 AM

PSBs, along with the Indi¬an Banks’ Association, are in the process of launching an e-auction platform for st¬andardising details of properties to be auctioned.

Banks asked to set up one platform for sale of loan defaulters’ assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

12 Sep 2018 11:37 AM

Finance minister Arun Jaitley. (Photo: PTI)

NPAs rise, Jaitley to meet bank bosses to review scenario

26 banks together – both private and public – reporting gross NPAs of over Rs 7.31lakh crore.

12 Sep 2018 8:54 AM

Former RBI Guv tears apart UPA for way banking system was managed. (Photo: PTI)

Rajan drops a bombshell; Cong in dock, flags MUDRA, farm loan waiver risks too

A brutal exposition of all the warts that adorn India's perilously poised banking system.

12 Sep 2018 8:48 AM

Raghuram Rajan blames 'over optimistic bankers' for mounting bad loans

A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong.

11 Sep 2018 10:21 AM

Banks have to undertake a two-year transaction audit when they start the resolution process through IBC.

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 5:32 PM

Govt support will be just enough to enable banks to satisfy regulatory capital requirements with buffers but the support may have to be increased.

Recap set to give banks capital relief, but stress to remain

Govt plans to provide Rs 65,000 cr of new capital for public sector banks in the year ending March 2019.

22 Aug 2018 10:21 AM

The new rules were to come into effect initially from October 1 last year but were deferred after banks asked for more time.

Sebi plans to stipulate framework for timely disclosure of loan default

Move would help investors take an informed decision at the earliest in cases of loan defaults by listed companies.

15 Aug 2018 1:49 PM

The objective is to use this inter-creditor agreement for faster facilitation of the stressed assets resolution.

Over 20 Indian banks sign pact for faster bad-loan resolution

Top lender State Bank of India was among banks which signed the agreement.

24 Jul 2018 9:10 AM

Gross bad loans as a percentage of total loans stood at 1.33 per cent at end-June, versus 1.3 per cent at end-March. (Photo: YouTube)

HDFC Bank net profit misses estimates on higher provisions

Net interest income rose 15.4 per cent from a year earlier, while net interest margin came in at 4.2 per cent.

21 Jul 2018 6:19 PM

Banks’ joust with RBI on new NPA framework reaches House panel

New guidelines also disrupt many other resolutions process of bad loans.

11 Apr 2018 10:42 AM

Bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter last fiscal.

Plans of FDI hike in PSBs on hold now

Government considering raising the FDI limit to 49 per cent for some time now.

11 Apr 2018 9:01 AM

Withdrawal of all debt restructuring tools by the Reserve Bank of India will lead to more assets being classified as non-performing or bad loans. (Photo: PTI)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 Mar 2018 3:50 PM

Bank of Baroda will continue to set aside funds to further boost its provision coverage ratio, which at 68 per cent is already one of the highest among Indian state-run banks.

Bank of Baroda sees performance recovery strengthening from October

Bank of Baroda shares were trading 2.5 per cent lower by 0926 GMT in a Mumbai market that was 0.8 per cent up.

12 Feb 2018 4:43 PM

The gross dud assets ratio jumped from 7.23 per cent to cross the double digits mark at 10.35 per cent during the quarter under review.

Potential stressed asset accounts on decline: report

For public banks, overall SMA book has declined to 5.3 per cent of loans in second quarter of 2017-18.

12 Feb 2018 2:35 PM

State Bank of India shares were down 2.7 per cent, Punjab National Bank was down 3.5 per cent while Bank of Baroda was down 3.6 per cent. (Representational Image)

Shares in large Indian state-run banks fall as recapitalisation plan disappoints

Govt pledged to inject nearly USD 14 billion combined into all but one state-run lender by March.

25 Jan 2018 11:32 AM

Net NPAs of bad loans too fell to 3.41 per cent of the net advances at the end of second quarter this fiscal.

Indian Bank Q2 net up 11.5 per cent at Rs 452 crore

Bank had made a net profit of Rs 405.14 crore in the similar July-September quarter of 2016-17.

06 Nov 2017 1:30 PM

Net NPAs too shot up significantly to 16.06 per cent from 8.32 per cent in the year-ago period.

IDBI Bank Q2 net loss at Rs 198 cr as NPAs rise

Bank had reported net profit of Rs 55.52 crore for the July-September period of last fiscal, 2016-17.

01 Nov 2017 9:10 AM

NPA resolution not to liquidate cos, but to help save them: Jaitley

Gross NPAs have crossed 9.6 per cent as of March 2017 while stressed loans ratio is over 12 per cent.

19 Aug 2017 1:48 PM

Jaypee group is selling its assets to reduce debt.

NCLT admits insolvency petition of IDBI against Jaypee Infra

Allahabad bench of NCLT has admitted the petition filed by IDBI Bank under Section 7 of Insolvency and Bankruptcy Code 2016.

11 Aug 2017 11:40 AM

Assets of the bank increased to Rs 5,79,875.32 crore as on June 30, 2017 from Rs 5,39,767.21 crore.

Canara Bank Q1 net up 10 per cent to Rs 251 crore

Total income of the bank grew to Rs 12,304.10 crore for the June quarter of 2017-18 as against Rs 11,786.35 crore.

19 Jul 2017 5:57 PM

Non-performing accounts within top 100 exposures contribute to 25.6 per cent of GNPAs.

RBI warns of more NPA pain, sees bad loans topping 10 per cent by March

Net non-performing advances (NNPA) ratio marginally increased to 5.5 per cent in March 2017.

30 Jun 2017 7:39 PM

Finance Ministry to name 12 loan defaulters identified by RBI

The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings.

14 Jun 2017 7:56 PM

Loan restructuring is reviewed by Reserve Bank of India from time to time as part of its effort to fight the mounting NPAs in the banking system.

RBI examining relaxing NPA classification limit beyond 90 days

As per some estimates, banks are sitting on unrecognised stressed loans worth Rs 7.7 lakh crore in corporate and SME sectors.

13 Jun 2017 6:26 PM

Prime Minister Narendra Modi. (Photo: AP).

Stressed balance sheets cast cloud over India rebound

Private capital investments contracted 2.1 per cent in first three months of this year despite surge in govt spending.

09 Jun 2017 9:25 AM

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank sets up dept to manage bad loans

IDBI Bank's annual loss for 2016-17 widened to Rs 5,158 crore, as against Rs 3,665 crore in the previous fiscal.

08 Jun 2017 5:52 PM

Of this, the government has already infused Rs 50,000 crore in the past two fiscals and the remaining will be pumped in by the end of 2018-19.

Banks need Rs 95,000 cr capital, stressed assets to rise: Moody's

Gross Non Performing Assets or bad loans will increase to Rs 8.2 -Rs 8.5 lakh crore by the end of 2017-18.

08 Jun 2017 3:31 PM

Government's capital infusion and extraordinary support will be a key rating factor for India's PSU banks.

Indian banks' bad loans may rise to 15 pc by Mar 2018: S&P

Government has promised to infuse Rs 70,000 crore into its PSU banks over 2016-2019.

30 May 2017 5:35 PM

Bad loans rose by over Rs 1 lakh crore in the first nine months of the last fiscal to Rs 6.07 lakh crore by December 31, 2016. (Photo: Representational Image/PTI)

Bank stocks surge up to 9 pc on NPA resolution push

Public sector banks are saddled with NPAs or bad loans to the tune of a staggering Rs 6 lakh crore.

04 May 2017 12:16 PM

Bad loan issue given top priority: FM

Jaitley termed the resolution of the Non-Performing Assets (NPAs) as the "one very big challenge"

25 Apr 2017 4:30 PM

SBI sees no bad loans surprise after merger with units

Merger of five SBI sister banks is seen as beginning of consolidation in India's public sector banks.

03 Apr 2017 3:25 PM

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