Bad Debt

GDP data today: India seen continuing as global pacesetter on consumer demand revival

The setback to an economy where most people are paid and buy what they need with cash appears to have been mercifully shortlived.

RBI monetary policy takeaways: What the central bank thinks of growth, NPAs, liquidity

Given that banks have closed their accounts in March, the market was keen to get a clear number on the demonetisation exercise in terms of the return of old notes to the system.

For India's economic stability, good policy is essential: RBI's Rajan

Rajan also said sharp slowdown of the Chinese economy remains a significant risk for global economy and the SAARC region

Government eyes cleanup of bad debt mountain as wary state banks hesitate

The proposal envisages setting up a panel comprising leading bankers and government and central bank officials, to review some larger outstanding loans and try to arrive at a settlement, finance ministry and central bank officials said.

Supreme Court asks government to set up a panel to probe bad loans

The Supreme Court on Tuesday asked the Union Finance Ministry to inform about the mechanism in place for recovery of huge Non-Performing Assets (NPAs)

KFA to S. Kumars: Bankers suiting up for war on debt defaulters

Bankers say errant borrowers often manage to get stay orders from various courts, slowing down the recovery process, and most cases take over two years to be resolved.