bad loans
Finance
Why India's $86-bn bank rescue effort isn't enough to ease the distress
It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned ......
Infrastructure
JM Financial ARC to beef up war chest for buying stressed assets
JM Financial Asset Reconstruction Company Ltd, India's second-biggest buyer of bad loans, plans to mobilise fresh capital to ramp up ......
Finance
SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more
State Bank of India (SBI) is leading many fights against top corporate defaulters, including Essar Steel, under the Insolvency and ......
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
Finance
Wilful defaults in India cross $21 bn in 2018-19
India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the ......
Finance
Budget 2019: Will govt look beyond recapitalisation to overhaul state-run banks?
As finance minister Nirmala Sitharaman gives final touches to her first budget speech later this week, she’d be doing so ......
Finance
RBI expects banks' bad loans to decline by March 2020
India’s central bank on Thursday said the proportion of commercial lenders’ non-performing assets (NPAs) may fall slightly to 9% by ......
Finance
ARC Scan: Has Arcil been able to capitalise on its first-mover advantage?
There is more than a hint of schadenfreude in the asset reconstruction business. So even as the problem of bad ......
Finance
PNB hikes bad-loan recovery target by over 50% for FY20
State-owned Punjab National Bank (PNB) has increased its bad-loan recovery target to Rs 25,000 crore for the current financial year. ......
Finance
Yes Bank shares slump 30% on first-ever quarterly loss
Shares of Yes Bank Ltd plunged 30 percent on Tuesday, after the Indian private sector lender posted its first ever ......
