NPA woes continue to dog public sector banks
6 years, 7 months ago

NPA woes continue to dog public sector banks

Live Mint  

On Tuesday, Punjab National Bank, India’s second-largest state-owned lender, posted its financial results for the first quarter of 2018-19. In the June quarter, PNB announced a recovery of bad loans of ₹ 8,445 crore, aided by the ₹ 3,200 crore inflow from through the resolution of Bhushan Steel Ltd and Electrosteel Steels Ltd accounts. As of March 2018, the gross NPA ratio of all public sector banks stood at 15.6%. In March, the capital adequacy ratio of all scheduled commercial banks stood at 13.5%, and the RBI sees a possibility of this shrinking to 11.5% by March 2019. In fact, in the baseline scenario itself, the RBI expects six public sector banks to see their capital adequacy ratio fall below the minimum regulatory requirement of 9% by March 2019.

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Banks wrote off bad loans worth ₹16.35 lakh crore in last 10 years: Centre
Trending News
1 week, 3 days ago

Banks wrote off bad loans worth ₹16.35 lakh crore in last 10 years: Centre

Hindustan Times  

Banks have written off non-performing assets or bad loans worth about ₹16.35 lakh crore in last 10 financial years, Parliament was informed on Monday. Banks continue pursuing their recovery actions initiated against borrowers under the various recovery mechanism available to them, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action under the Securitisation and …

Banks write off bad loans worth ₹16.35 lakh cr in last 10 years
1 week, 3 days ago

Banks write off bad loans worth ₹16.35 lakh cr in last 10 years

Live Mint  

New Delhi, Mar 17 Banks have written off non-performing assets or bad loans worth about ₹16.35 lakh crore in last 10 financial years, Parliament was informed on Monday. Banks continue pursuing their recovery actions initiated against borrowers under the various recovery mechanism available to them, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action …

Bank of Baroda Q3 net profit rises 5.6% to ₹4,837 crore
Trending News
1 month, 3 weeks ago

Bank of Baroda Q3 net profit rises 5.6% to ₹4,837 crore

The Hindu  

Bank of Baroda Ltd., the second largest public sector bank, reported third quarter standalone net profit rose 5.6% to ₹4,837 crore from ₹4,579 crore in the year-earlier period. During the period, the bank made higher provisions and contingencies of ₹1,082 crore as compared with ₹666 crore a year ago. Gross NPA of the bank during the quarter reduced 11.9% YoY …

NPAs at 12-year low, red flags in some areas, says RBI report
2 months, 3 weeks ago

NPAs at 12-year low, red flags in some areas, says RBI report

Hindustan Times  

Indian banks’ bad loans fell to their lowest level in 12 years, although early warning indicators suggest potential stress in some sectors, the Reserve Bank of India’s financial stability report stated on Monday. NPAs at 12-year low, red flags in some areas, says RBI report The gross non-performing assets ratio of scheduled commercial banks declined to 2.6% in September 2024, …

Banks bad loans seen worsening by 2026 says RBI
2 months, 3 weeks ago

Banks bad loans seen worsening by 2026 says RBI

Deccan Chronicle  

Mumbai: Indian banks' gross bad loan ratio may rise from a 12-year low if risks emanating from credit quality, interest rates and geopolitics play out, the Reserve Bank of India said in its December Financial Stability Report published on Monday. This key measure could rise to 3 per cent by the end of March 2026 from a 12-year low of …

Gross NPA of banks decline to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI Report
2 months, 3 weeks ago

Gross NPA of banks decline to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI Report

Live Mint  

The Reserve Bank of India said that banks' asset quality improved in 2024, with the gross non-performing assets or bad loans ratio falling to a 12-year low of 2.6 per cent in September 2024, driven by falling slippages and steady credit demand. "Buoyed by falling slippages, higher write-offs and steady credit demand, the GNPA ratio of 37 scheduled commercial banks …

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent
2 months, 3 weeks ago

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent

India TV News  

The Reserve Bank of India on Monday said that the bank's asset quality improved further and their gross non-performing assets or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024. "Buoyed by falling slippages, higher write-offs and steady credit demand, the gross nonperforming assets ratio of 37 scheduled commercial banks fell to a multi-year …

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report
3 months ago

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report

Live Mint  

The profitability of banks improved for the sixth consecutive year in 2023-24 and their gross bad debts or non-performing assets declined to a 13-year low of 2.7 per cent. "Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets at 1.4 per cent and return on equity at 14.6 …

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports
3 months, 2 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle  

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

Banking revival in 2025: Why strong liability franchises stand to gain
3 months, 3 weeks ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman
7 months, 3 weeks ago

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman

News 18  

Public sector banks’ non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. The finance minister informed the House that the NPA for public sector banks on Mudra loans has decreased to 3.4 per cent in the financial year 2023-24. She further said Mudra loan …

Getting Indian banks back on the track
1 year, 3 months ago

Getting Indian banks back on the track

Hindustan Times  

After a long slump, private sector investments in India may be on the cusp of a revival, according to some analysts. State Bank of India, would report a steep increase in bad loans every time its chairperson changed. The largest of them, State Bank of India, would report a steep increase in bad loans every time its chairperson changed. During …

Cleaning up of NPA mess will propel the economy
1 year, 8 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report
2 years, 1 month ago

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report

News 18  

State-owned banks wrote off bad loans worth Rs 29,000 crore in the December 2022 quarter, higher as compared with Rs 23,000 crore in the corresponding quarter last year, as part of a clean-up exercise, according to a CARE Ratings report. The write-offs by public sector banks in April-December 2022 were Rs 81,000 crore, which were lower than the Rs 90,000 …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
2 years, 2 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

Has India tided over the problem of bad loans?
2 years, 2 months ago

Has India tided over the problem of bad loans?

The Hindu  

The story so far: In December 2022, Finance Minister Nirmala Sitharaman told Parliament that banks had written off bad loans worth ₹10,09,511 crore during the last five financial years. In 2009, the RBI brought out norms that set out categories of NPAs and what banks must do as these bad loans aged. Bad loans are a problem, for, with time, …

RBI is ready to defend financial stability: Das
2 years, 2 months ago

RBI is ready to defend financial stability: Das

Live Mint  

The Reserve Bank of India recognizes that global challenges could affect the local economy and is monitoring the situation along with other financial regulators, governor Shaktikanta Das said. “The international economic order stands challenged; financial markets are in turmoil due to monetary tightening in most parts of the world; food and energy supplies and prices are under strain; debt distress …

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report
2 years, 2 months ago

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report

ABP News  

Gross Non-Performing Assets of Indian banks declined to 5 per cent in september but the present macroeconomic environment can impact lenders' health, said a new Reserve Bank of India report. The report said, “from its peak in 2017-18, the GNPA ratio of SCBs has been declining sequentially to reach 5 per cent at end-September 2022.” It said that the number …

Central Bank of India taken out of PCA restrictions
2 years, 6 months ago

Central Bank of India taken out of PCA restrictions

Deccan Chronicle  

Mumbai: The Reserve Bank of India, on Tuesday said it has decided to remove state-owned Central Bank of India from the prompt corrective act-ion restrictions following an improvement in the bank’s various parameters. “It was noted that as per the assessed figures of the bank for the year ended March 31, 2022, the bank is not in breach of the …

SBI Q1 Results: State Bank of India Net Profit Down by 6% YoY at Rs 6,068 Crore
2 years, 7 months ago

SBI Q1 Results: State Bank of India Net Profit Down by 6% YoY at Rs 6,068 Crore

News 18  

SBI Q1 FY23 Results: India’s largest public sector lender State Bank of India on Saturday reported a drop in net profit by 6.07 per cent at Rs 6,068 crore in Q1 FY23 as against Rs 6,504 crore in Q1 FY22. The Net interest Income, or NII for the quarter under review stood at Rs 31,196, an increase of 12.87 per …

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’
2 years, 8 months ago

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’

The Hindu  

Concrete steps taken by the government and RBI helped banks recover bad loans worth more than ₹8.6 lakh crore in the last eight financial years, the government informed Parliament on Monday. Several factors - including prevailing macroeconomic conditions, sectoral issues, global business environment, delayed recognition of stress by banks, aggressive lending during upturns, improper risk pricing and poor credit underwriting …

Bad loans: Why, this time, it’s different
3 years ago

Bad loans: Why, this time, it’s different

Hindustan Times  

Non-performing assets or bad loans of banks have come down to their lowest levels, Reserve Bank of India governor Shaktikanta Das said at a Confederation of Indian Industry event on March 21. When seen in the context of gross NPA share falling to 6.9% of all loans, according to RBI’s Financial Stability Report released in December 2021 — the latest …

Bank NPAs Fall to Six Year Low Despite Pandemic, Says RBI Report. Here is Why
3 years, 2 months ago

Bank NPAs Fall to Six Year Low Despite Pandemic, Says RBI Report. Here is Why

News 18  

RBI Report 2020-21: The Reserve Bank of India, or RBI, has recently released its annual report on the financial performance of the country. The asset quality of the banking sector has improved over the year, the RBI said, adding that the gross non-performing asset ratio for scheduled commercial banks fell to 6.9 per cent as at the end of September …

Banking regulation and the law of unintended consequences
3 years, 5 months ago

Banking regulation and the law of unintended consequences

Live Mint  

Many well-intentioned steps taken by regulators in the past are creating headaches on multiple fronts due to the unintended consequences of specific measures. The RRA could suggest better digital information sharing and monitoring mechanisms among banks to enforce credit discipline, even if businesses are allowed to operate multiple current accounts. Being obliged to lend ₹40 of every ₹100 to lower …

Banks NPAs decline to Rs 8.34 lakh cr at March-end 2021, junior finance minister informs Lok Sabha
3 years, 8 months ago

Banks NPAs decline to Rs 8.34 lakh cr at March-end 2021, junior finance minister informs Lok Sabha

Firstpost  

Scheduled commercial banks were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020 New Delhi: Non-performing assets or bad loans of banks have declined by Rs 61,180 crore to Rs 8.34 lakh crore at the end of March 31, 2021, as a result of various steps taken by the government, Minister of …

Rs.1.53 lakh crore bad loan write-off gives a facelift to banks’ NPA profile
3 years, 9 months ago

Rs.1.53 lakh crore bad loan write-off gives a facelift to banks’ NPA profile

New Indian Express  

Explaining the trend of bad loans, Care Ratings chief economist Madan Sabnavis said that banks' gross NPAs increased sharply by 43.7 per cent from Rs. But after FY18, the NPAs saw moderation and reached Rs 8.9 lakh crore by end of March 2020 driven by large share of write-offs and lower slippages. Over the last couple of years, public sector …

Explained | Can a ‘bad bank’ solve the growing NPA crisis?
4 years, 1 month ago

Explained | Can a ‘bad bank’ solve the growing NPA crisis?

The Hindu  

The story so far: Finance Minister Nirmala Sitharaman in her Budget speech on Monday revived the idea of a ‘bad bank’ by stating that the Centre proposes to set up an asset reconstruction company to acquire bad loans from banks. With banks expected to report even more bad loans this year, the idea of a ‘bad bank’ has gained particular …

Parliament proceedings | Banks' NPAs decline to ₹8.08 lakh crore in Sept 2020: Govt
4 years, 1 month ago

Parliament proceedings | Banks' NPAs decline to ₹8.08 lakh crore in Sept 2020: Govt

The Hindu  

Non-performing assets or bad loans of the banking sector came down from a high of ₹10.36 lakh crore at the end of March 2018 to ₹8.08 lakh crore at the end of September 2020 due to various initiative of the government, Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday. As a result of the Asset …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
4 years, 1 month ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget due to be presented on Monday, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross …

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run
4 years, 1 month ago

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run

News 18  

The Economic Survey 2021, released on January 29 ahead of the Union Budget 2021, has called for adequate capitalisation of public sector banks flagging fears of lenders resorting to risk-shifting, which will, in turn, impact the economy which has just begun its upward rise months after the crippling impact of the Covid-19 pandemic. Public sector banks account for 60 per …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
4 years, 1 month ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget less than a week away, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross non-performing …

RBI Financial Stability Report: Banks gross NPA may rise to 13.5% by September 2021
4 years, 2 months ago

RBI Financial Stability Report: Banks gross NPA may rise to 13.5% by September 2021

The Hindu  

Banks' gross non-performing assets may rise to 13.5% by September 2021, from 7.5% in September 2020 under the baseline scenario, according to Financial Stability Report released by the Reserve Bank of India. "The stress tests indicate that the GNPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021 under the baseline …

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years, 2 months ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?
4 years, 2 months ago

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?

The Hindu  

The story so far: After losses in two consecutive years, India’s scheduled commercial banks turned profitable in 2019-20. The Reserve Bank of India reckons that the first half of 2020-21 saw even greater improvements in banks’ vital statistics, with non-performing assets falling to 7.5% of outstanding loans by September 2020. What former Chief Economic Adviser Arvind Subramanian had called India’s …

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
4 years, 2 months ago

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up

Firstpost  

The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago Mumbai: The proportion of gross non-performing assets of urban co-operative banks saw a rise in FY20 to 10.8 percent as against 7.3 percent in the previous year, the Reserve Bank said …

Explained: Why India's banks will face major NPA challenge in 2021
4 years, 2 months ago

Explained: Why India's banks will face major NPA challenge in 2021

India Today  

The coronavirus pandemic has had a devastating impact on banks and financial institutions around the world as the global economic crisis has led to a rise in defaults and bad loans. It also expects the Indian banking sector’s bad loans to shoot up to 10-11 per cent of the total loans as on March 31, 22 from eight per cent …

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
4 years, 4 months ago

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

The Hindu  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11% of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of …

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P
4 years, 4 months ago

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P

News 18  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is ”masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the …

Punjab National Bank Q2 Net Profit Jumps 22% To Rs 680.81 Crore
4 years, 4 months ago

Punjab National Bank Q2 Net Profit Jumps 22% To Rs 680.81 Crore

ABP News  

State-owned Punjab National Bank has reported a 22% jump in its second-quarter net profit to Rs 620.81 crore. The rise in net profit was reported on a 50% increase in the bank’s total income to Rs 23,438.56 crore during the quarter.PNB’s asset quality improved during the quarter with the amount of net NPAs at Rs 30,919.84 crore. Bank’s GNPA stood …

High NPAs, sticky interest rates
4 years, 4 months ago

High NPAs, sticky interest rates

India Today  

A recent working paper from the Reserve Bank of India has said that a high incidence of non-performing assets in banks act as a major roadblock to the transmission of the monetary policy actions of the central bank—in other words, preventing banks from passing on the benefit of lower interest rates to their retail customers. This observation is significant because …

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating
4 years, 5 months ago

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating

Live Mint  

The gross non-performing assets ratio of Indian banks is likely to be 11 to 11.5% by end of current fiscal and they are likely to restructure 4 to 5% of the overall bank credit outstanding, according to Care Rating. Multiple stakeholder objectives and moratorium computation with various firms have varying ways of computing moratorium, said the rating agency. The GNPA …

ICRA Says GDP May Contract by 11% This Fiscal, Predicts Pandemic Could Lead 3.7% Assets into Bad Loans List
4 years, 5 months ago

ICRA Says GDP May Contract by 11% This Fiscal, Predicts Pandemic Could Lead 3.7% Assets into Bad Loans List

News 18  

Rating agency ICRA on Wednesday revised down its credit growth outlook for banks to 2-3 per cent for the current fiscal, and said the coronavirus pandemic-driven stress may leave 3.1-3.7 per cent of assets into bad loan list by March. The agency expects fresh slippages of 3.1-3.7 per cent for 2020-21, which will largely come from SMA1 and SMA2 accounts …

Banks' NPAs in Large Industry, Services Fall 31 per cent in Over Two Years to Rs 4.36 Lakh Crore
4 years, 6 months ago

Banks' NPAs in Large Industry, Services Fall 31 per cent in Over Two Years to Rs 4.36 Lakh Crore

News 18  

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday. "As per Reserve Bank of India data on domestic operations, NPAs of scheduled commercial banks pertaining to large industry and services have come down to Rs 4,36,492 crore as …

RBI waves red flag on burgeoning NPAs
4 years, 7 months ago

RBI waves red flag on burgeoning NPAs

India Today  

The Financial Stability Report, released by the Reserve Bank of India on July 24, highlights a few key challenges that the Indian banking and financial sector are going through, especially due to the Covid-induced lockdown. The stress tests that the central bank carried out reveal that the gross non-performing assets ratio of scheduled commercial banks could worsen to as high …

Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report
4 years, 9 months ago

Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report

India TV News  

Gross non-performing assets of banks are likely to worsen to 11.3-11.6 per cent by the end of this financial year from 8.6 per cent as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report. Fresh gross slippages are estimated to be at 5-5.5 per cent of standard advances during 2020-21, which will increase the …

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
4 years, 9 months ago

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings

Firstpost  

With incremental bank lending making up the bulk of the government’s nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report Mumbai: With incremental bank lending making up the bulk of the government’s nearly Rs 21 …

A battered IndusInd Bank lays bare RBI’s financial stability challenge
4 years, 11 months ago

A battered IndusInd Bank lays bare RBI’s financial stability challenge

Live Mint  

India’s private sector banks are facing their toughest test yet with a virus outbreak putting their earnings at risk, even as the collapse of a peer bank raises questions on deposits. The bank’s stock dropped 15% on Tuesday after the lender revealed in an investor call that it has lost 10-11% of its deposits since Yes Bank Ltd crumbled earlier …

NPAs of public sector banks stand at ₹7.27 lakh crore as on H1FY20: Govt
5 years, 1 month ago

NPAs of public sector banks stand at ₹7.27 lakh crore as on H1FY20: Govt

Live Mint  

New Delhi: The government on Monday said the Non Performing Assets of Public Sector Banks stood at ₹7.27 lakh crore as on September 30, 2019. Union Minister of State for Finance Anurag Thakur also said in Lok Sabha that scheduled commercial banks and select financial institutions have reported frauds to the tune of ₹1,13,374 crore in the first half of …

SBI, Union Bank plan to sell bad loans of Rs 2,836 cr this month to asset reconstruction companies
5 years, 2 months ago

SBI, Union Bank plan to sell bad loans of Rs 2,836 cr this month to asset reconstruction companies

Firstpost  

In a notice issued on Thursday, SBI said it will sell two NPAs- Rohit Ferro Tech with an outstanding amount of Rs 1,313.67 crore and Impex Ferro Tech with dues of Rs 200.67 crore, on 17 January. Mumbai: The country’s largest lender State Bank of India and Union Bank of India are looking to sell their non-performing loans totalling Rs …

Bad loans to rise in 2020, says RBI
5 years, 2 months ago

Bad loans to rise in 2020, says RBI

Deccan Chronicle  

Mumbai: Asset quality of commercial banks could worsen next year primarily due to the economic slowdown, increase in slippages and declining credit growth, warned the Reserve Bank of India on Friday. “The RBI’s macro-stress tests for credit risk show that under the baseline scenario, schedule commercial banks GNPA ratio may increase from 9.3 per cent in September 2019 to 9.9 …

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