Articles for Banks Debt

Debt issuance by governments of rich countries to hit record high, OECD says
1 week, 1 day ago

Debt issuance by governments of rich countries to hit record high, OECD says

Live Mint  

Governments in rich countries are set to issue a record $17 trillion in bonds this year as the higher cost of refinancing existing debts continues to push their interest bills higher, the Organization for Economic Cooperation and Development said Thursday. In an annual report on debt issuance, the OECD said governments in rich countries are unlikely to have difficulty finding …

Record High Debt Debt Issuance Central Banks Countries Central Banks
Ghana Lender’s 81% Bad Loan Ratio Spurs Central Bank Outreach
3 weeks, 2 days ago

Ghana Lender’s 81% Bad Loan Ratio Spurs Central Bank Outreach

Live Mint  

-- Ghana’s central bank said it’s in talks with domestic lenders on how they should tackle a rise in bad loans that in part stems from a government debt renegotiation, with one lender unable to recover as much as 81% of its total credit. The unidentified institution remains an outlier with the industry’s non-performing loans ratio standing at 21.8% of …

Bank Loan Ghana
Vijay Mallya pursues annulment of UK bankruptcy order over ‘unreal quality’
1 month ago

Vijay Mallya pursues annulment of UK bankruptcy order over ‘unreal quality’

Live Mint  

London, Embattled businessman Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an “unreal quality” in the wake of Union Finance Minister Nirmala Sitharaman’s recent statement in Parliament and has instructed his lawyers to pursue an annulment application. “From Dr Mallya’s perspective, these English bankruptcy proceedings have an unreal quality,” Leigh Crestohl, Managing …

India Indian Order Bankruptcy Parliament Mallya Bankruptcy Proceedings
SBI, REC to PFC: Why are banking stocks falling? Experts see Gautam Adani connection
4 months, 1 week ago

SBI, REC to PFC: Why are banking stocks falling? Experts see Gautam Adani connection

Live Mint  

State Bank of India, Punjab National Bank, Bank of Baroda, REC, PFC, among many other banking and NBFC stocks suffered losses up to 7% on Thursday amid broader market sell-off after US federal courts charged Gautam Adani in an alleged bribery scheme. The state-run REC Ltd share price tanked over 9% and Power Finance Corporation shares cracked 8% over their …

Stocks Banking Indian Bank Crore Group Banks
Farm loan waivers and elections: How do they affect farmers and governments?
10 months ago

Farm loan waivers and elections: How do they affect farmers and governments?

The Hindu  

As the Lok Sabha seats in India’s largest farming belt — Haryana and Uttar Pradesh — go to the polls, Congress MP Rahul Gandhi has once again promised to waive off farmer debts if the Congress-led coalition is voted to power. Claiming that Prime Minister Narendra Modi felt farm loan waivers would “spoil the farmers,” he vowed, “We are going …

India Elections Farmers Maharashtra States Congress Haryana
Could X’s creditors push the social media company into bankruptcy?
1 year, 5 months ago

Could X’s creditors push the social media company into bankruptcy?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Talley, the Columbia law professor, said that …

Independent Debt Company Musk Platform Banks Twitter
China’s Teetering Local Debt Mountain
1 year, 5 months ago

China’s Teetering Local Debt Mountain

Live Mint  

After a decade of kicking the can down the road, China’s local government debt problem has become impossible to ignore. The International Monetary Fund projected in February that China’s local government debt burden, as a percentage of gross domestic product, will rise 9 percentage points this year. Much of that debt has been issued off official balance sheets, at high …

China Financial Local Local Authorities Beijing Local Governments Governments
Does China’s Property Bust Make a Financial Crisis Inevitable?
1 year, 5 months ago

Does China’s Property Bust Make a Financial Crisis Inevitable?

Live Mint  

When property markets go bust, banks often follow—most famously in the U.S. in 2008. Moreover, widespread financial turbulence can’t be ruled out—especially if housing and land prices fall too fast—or if Beijing doesn’t do more to support cash-strapped local governments and small lenders. Indirect exposure Unfortunately, banks’ seemingly manageable direct exposure to property is deceptive because of the housing market’s …

China Property Local Land Bank Loans Debt
G20: On climate, debt and digital, Bank and Fund pledge to work together
1 year, 6 months ago

G20: On climate, debt and digital, Bank and Fund pledge to work together

Hindustan Times  

In the run-up to the G20 Leaders’ Summit in New Delhi this weekend, where the reform and strengthening of multilateral development banks is among the top agenda items, the International Monetary Fund and World Bank have warned that the world faces major challenges and shocks and pledged to work together to deliver on climate, debt and digitisation in a structured …

Global India Development Climate Work Debt World Bank
Jamie Dimon warns of a commercial real estate downturn
1 year, 10 months ago

Jamie Dimon warns of a commercial real estate downturn

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. New York CNN — Economists are concerned about the $20 trillion commercial real estate industry and so is JPMorgan Chase CEO Jamie Dimon. The regional banking crisis is having a knock-on effect on commercial real estate lending, Dimon warned at his company’s shareholder meeting on Monday. …

Real Estate Bank Interest Rates Biden Mccarthy Fed Dimon
Government considers tweaks to reduce huge backlog at debt recovery tribunals
1 year, 10 months ago

Government considers tweaks to reduce huge backlog at debt recovery tribunals

Live Mint  

In an effort to expedite the resolution of pending cases in Debts Recovery Tribunals, the government is considering amendments to rules, including removing the clause requiring borrower approval when banks decide to withdraw debt recovery proceedings. The proposed changes would enable banks to resolve outstanding debt cases with borrowers without seeking their consent for withdrawing pending DRT cases, empowering lenders …

Financial Recovery Cases Tribunals Debt Banks Borrowers
Banks to take Future to debt recovery tribunal
3 years ago

Banks to take Future to debt recovery tribunal

Live Mint  

MUMBAI : Lenders to Future Retail Ltd have abandoned plans to sue the company for the unapproved transfer of hundreds of its stores to Reliance Retail, two bankers aware of the plans said, adding that they will enforce their rights through the debt recovery tribunal and bankruptcy tribunal instead. The bankers cited above said procedures to take Future Retail to …

Recovery Assets Debt Recovery Tribunal Company Lenders Reliance Ibc
UK court declares Vijay Mallya bankrupt for Indian banks to realise debt
3 years, 8 months ago

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt

The Hindu  

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. “As at 15.42, I adjudicate Dr. Mallya bankrupt,” Chief Insolvencies and Companies Court Judge Michael Briggs said in …

Debt Order Bankrupt Mallya Indian Banks
Stand by for higher interest rates – but what will this do to house prices?
4 years ago

Stand by for higher interest rates – but what will this do to house prices?

The Independent  

Global interest rates are climbing and they have a long way further to go. The Bank of England’s Monetary Policy Committee meets this week and will certainly confirm that the Bank of England rate remains at 0.1 per cent. The US Federal Reserve also meets this week and will hold its Fed funds rate at 0.1 per cent. On Friday, …

Inflation Bank Debt Interest Rates Interest Cost Central
World Bank chief reiterates call to forgive poor countries’ debts
4 years, 5 months ago

World Bank chief reiterates call to forgive poor countries’ debts

Al Jazeera  

David Malpass says private banks, investment funds are not doing enough to help countries struggling due to coronavirus. The coronavirus pandemic could trigger a debt crisis in some countries, so investors must be ready to grant some form of relief that could also include debt cancellation, World Bank President David Malpass was quoted as saying. Rich countries backed an extension …

Bank Debt World Bank Countries Malpass
Signalling support: The Hindu Editorial on RBI relief for mutual funds
4 years, 11 months ago

Signalling support: The Hindu Editorial on RBI relief for mutual funds

The Hindu  

The Reserve Bank of India’s decision to open a special facility to ensure the availability of adequate liquidity for the mutual fund industry is a timely move in signalling to investors that the central bank is alert to the need to preserve financial stability in these challenging times. In assigning ₹50,000 crore exclusively for commercial banks to lend to mutual …

Credit Mutual Funds Fund Funds Mutual Rbi Banks
Debt still cripples victims a year after financial abuse agreement
5 years, 5 months ago

Debt still cripples victims a year after financial abuse agreement

The Independent  

Sign up for the Independent Women email for the latest news, opinion and features Get the Independent Women email for free Get the Independent Women email for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. “From opening a separate account with a national sort code to help conceal their location, to …

Support Victims Control Financial Abuse Economic Debt Banks
Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term
5 years, 7 months ago

Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term

Firstpost  

DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September Resolving the crippled mortgage lender DHFL’s over Rs 90,000 crore debt is “not so easy” and banks are considering converting their outstanding into equity, Union Bank of India said on Tuesday. Meanwhile, Arijit Basu, a managing director …

Basu Crore Funds Rbi Banks Rai Pension Funds
Air India asks govt to refinance ₹20,000 crore debt by 31 March
6 years, 1 month ago

Air India asks govt to refinance ₹20,000 crore debt by 31 March

Live Mint  

Mumbai: Air India, which has transferred interest payment liabilities of ₹29,000 crore of its total debt to a special purpose vehicle, has suggested that the government refinance ₹20,000 crore debt by 31 March. Air India has net debt of about ₹55,000 crore, including the ₹29,000 crore that is to be transferred to the SPV after approval from banks. With oil …

India Air Debt Official Crore Airline Interest Payment
The Fed's 'logical panic' adds more fuel to the world's debt pile
6 years, 1 month ago

The Fed's 'logical panic' adds more fuel to the world's debt pile

ABC  

The past six weeks have seen markets shift rapidly between white-knuckled anxiety, through an exuberant rebound, to "Hey, wait a minute". "Credit market issuance is slowing, with multiple headwinds that have been straining the market, including central bank policy normalisations in the US and Europe, the uncertain terms of Brexit, and slowing economic growth in China as well as in …

Global Europe China Trade Market Results Financial
Jet Airways says debt is serviced on time despite cost pressures
6 years, 7 months ago

Jet Airways says debt is serviced on time despite cost pressures

Live Mint  

New Delhi/Mumbai: Jet Airways India Ltd., the Mumbai-based carrier trading at the lowest since June 2015 on deteriorating finances and rising default risk on its debt obligations, said it is servicing all its loans on time in spite of surging fuel prices. Our account with all the banks as on date is standard,” Jet Airways said in an emailed statement …

Mumbai Jet Airways
Forget 7th Pay Commission allowance, decision on Air India sale is the real good news; here's why
7 years, 8 months ago

Forget 7th Pay Commission allowance, decision on Air India sale is the real good news; here's why

Firstpost  

It is nothing short of a monsoon bonanza for about 47 lakh central government employees from the Narendra Modi government that will put more money in the pockets of people, hopefully giving a boost to consumption-driven growth. But, the bigger good news is the second decision announced by Union finance minister Arun Jaitley — the Cabinet nod for divestment of …

Control Air Debt Crore Banks Real Good India Stake
Story of change
7 years, 11 months ago

Story of change

China Daily  

"It is very much to do with the banking system. His role was to help with instilling modern practices but the banker says the biggest mistake Western observers make about the Chinese banking system is saying it is somehow unreformed. He says former Chinese premier Zhu Rongji's reforms in the 1990s led to a "night-and-day" transformation of banks in the …

China Bank Chinese Banks
US Federal Reserve chief Janet Yellen shreds credibility as economic leaders falter
8 years, 6 months ago

US Federal Reserve chief Janet Yellen shreds credibility as economic leaders falter

ABC  

Credibility is an elusive ideal; difficult to attain and deceptively easy to squander. Janet Yellen, the head of the world's biggest central bank, the US Federal Reserve, last week shredded what remained of hers and the organisation she chairs. If only they could abandon the inane three-word slogan — like "Debt Deficit Disaster" — or the infantile two-word mantra — …

Global Europe World Monetary Policy Economic Debt Central Banks