Bad Debts

PNB Rs 11,400 cr fraud case: Finance Minister Arun Jaitley slams regulators' failure to detect scam

Regulators should have a "third eye" open to detect and check such frauds.

Yashwant Sinha should leave the depositors of demonetised notes alone; Modi govt is after the crooks

Modi government must be lauded for applying the squeeze on the crooks, for smoking them out

Willful defaulters’ list: It is high time the Supreme Court read the riot act to the RBI

If there are certain irregularities in the working and functioning of such banks and institutions, the citizens certainly have a right to know about the same

Air India may benefit from restructuring scheme but banks could be saddled with duds

One wonders why the government is trying to rescue Air India, as it might well be exposing banks to duds which the airline's equity shares are likely to turn out given its massive accumulated losses

Fear of CBI 'bizarre': Parliamentary panel asks banks to apply 'wisdom' in funding NPAs

Saying that total NPAs of banks due to defaulting infrastructure projects is at Rs 2,60,000 crore and may go up to Rs 4 lakh crore, the committee also said the banks have demanded that the money of the loan given to road sector be allowed to be restructured.

Comfortable with NPA clean-up so far, says Rajan

Reserve Bank Governor Raghuram Rajan today said he is comfortable with the stressed assets recognition process undertaken by the banks in the process of cleaning up their balance sheets.

As Raghuram Rajan prepares to step down, RBI governor urges PSU banks to clean up bad debts

Rajan defended the actions taken by the central bank, including ordering state-run banks to conduct comprehensive asset quality reviews of their balance sheets

Bankers' meet: FM Arun Jaitley says PSB losses due to higher provisioning; will infuse more capital

Jaitley also said public sector banks actually made operating profits of Rs 1.40 lakh crore in 2015-16

Vijay Mallya case: ED writes to banks, probe agencies in a bid to prepare water tight case

Enforcement Directorate (ED) has written to 17 banks and a clutch of probe agencies with an aim to prepare a water tight case against liquor baron Vijay Mallya who is being probed for money laundering charges in the IDBI bank alleged loan fraud case.

Wake-up call for FM Jaitley: Banking crisis deepens as PSBs' bad loans shoot through the roof

Punjab National Bank (PNB), India’s second largest state-run bank, logged gross non-performing assets (NPAs) of 8.47 per cent for the December-quarter. Bad loans are loans, where recovery is overdue more than 90 days.