Bad Bank

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Bad Bank - Total results - 12
Coronavirus crisis: Major lenders revive idea of 'bad bank' to deal with high NPAs; 'this is right time to work it out', says SBI CMD Rajnish Kumar
Business

Coronavirus crisis: Major lenders revive idea of 'bad bank' to deal with high NPAs; 'this is right time to work it out', says SBI CMD Rajnish Kumar

Rajnish Kumar said that the idea of bad bank was not feasible three years ago, when talk began that banks should spin off bad assets into a separate company to unburden existing banks.

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt
Business

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt

ICA to aid banks, financial institutions fighting bad loans that are sniffing at 12 percent of the system, to take concerted efforts towards resolving dud loans under Rs 500 crore.

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?
Business

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?

Project Sashakt's success hinges on the Modi government's ability to push out a scheme that can generate sufficient investor interest.

NPA crisis: Panel on bad bank to submit report shortly, says SBI chief Rajnish Kumar
Business

NPA crisis: Panel on bad bank to submit report shortly, says SBI chief Rajnish Kumar

State Bank of India (SBI) chairman Rajnish Kumar, who is a member of the panel formed to give recommendations for setting up a state-run bad bank, on Thursday said they will soon submit the report to the finance ministry

NPA crisis: Govt not in favour of bad bank, public sector ARC; says IBC can deal with sour loans
Business

NPA crisis: Govt not in favour of bad bank, public sector ARC; says IBC can deal with sour loans

The formation of a bad bank will be a bigger burden on taxpayers, already helping the Centre recapitalise PSBs

NPA crisis: Industry body CII favours 'bad bank' idea, says cleanup of books vital
Business

NPA crisis: Industry body CII favours 'bad bank' idea, says cleanup of books vital

Industry body CII on Tuesday said it supports the 'bad bank' idea mooted by interim finance minister Piyush Goyal, while stressing that banks' balance sheets need cleanup before the start of a new credit cycle

NPA crisis: Bad bank would work at cross purposes with the nascent but arguably more effective IBC
Business

NPA crisis: Bad bank would work at cross purposes with the nascent but arguably more effective IBC

How can creation of an official asset reconstruction company make a dent into the problem of NPA especially when we have Insolvency and Bankruptcy Code 2015 already seized of the problem.

PM Narendra Modi revisits economic reform agenda after landslide election win
Politics

PM Narendra Modi revisits economic reform agenda after landslide election win

Armed with a new mandate as a champion of the poor, Modi still faces a struggle to implement reforms to boost growth and jobs in Asia's third-largest economy, say experts.

FM Jaitley says trouble in large corporates the root cause for bad loan mess in banks
Business

FM Jaitley says trouble in large corporates the root cause for bad loan mess in banks

Jaitley said that the core problem of NPAs was with "very large corporates", predominantly in the steel, power, infrastructure and textile sectors

Idea of bank to tackle bad loans gaining traction: CEA Arvind Subramanian
Business

Idea of bank to tackle bad loans gaining traction: CEA Arvind Subramanian

Various proposals are being brought to forefront, Arvind Subramanian said, adding, "there is a need to get that (bad bank) thing quickly".

Banks taking majority stake in stressed-debt funds unwarranted, says RBI's Rajan
Business

Banks taking majority stake in stressed-debt funds unwarranted, says RBI's Rajan

The Indian government is looking for ways to reduce banks' distressed debt pile of $120 billion, or 11.5 percent of all loans

Budget 2016: Bad bank, recapitalisation to be in focus , says SBI Research
Business

Budget 2016: Bad bank, recapitalisation to be in focus , says SBI Research

The forthcoming Budget is likely to set out a clear agenda for revival of banking sector, including setting up of a 'bad bank' and an aggressive roadmap for recapitalisation, SBI Research said in a note today.