Latest News on Bad Loans
Showing of 0 - 10 from 429 results
Bad Loans - Total results - 429
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Sep 18, 2018
State Bank of India to sell 8 NPAs to recover dues worth over Rs 3,900 cr; invites bids from ARCs, FIs
SBI has asked the interested ARCs/FIs to conduct the due diligence of these assets with immediate effect after submitting expression of interest and executing a non-disclosure agreement with the bank. -
Sep 17, 2018
NPA provisions for banks may stay elevated till fiscal year 2019-20: India Ratings report
Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders are expected to stay elevated till fiscal year 2019-20, an India-Ratings report said -
Sep 14, 2018
SBI denies laxity on its part in dealing with Vijay Mallya case, says taking proactive measures to recover defaulted amount
The comments by State Bank of India (SBI) came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation but the lenders moved the apex court only after the tycoon had left the country four days later. -
Sep 11, 2018
Over-optimistic bankers, growth slowdown responsible for bad loans: Raghuram Rajan tells Parliamentary panel
Over-optimistic bankers, a slowdown in government decision-making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to a Parliamentary panel. -
Sep 10, 2018
ArcelorMittal sweetens offer for Essar Steel; submits revised proposal to committee of creditors
World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders on Monday. -
Sep 06, 2018
Monetary limit for filing cases in Debt Recovery Tribunals doubled to Rs 20 lakh, says govt
The move is aimed at helping reduce pendency of cases in Debt Recovery Tribunals (DRTs). -
Sep 02, 2018
Narendra Modi speech on bank NPAs has hit the right target; bad loan menace is UPA-era product
What makes Narendra Modi’s remarks ominous for the nation is his assertion that during the 6-year period, loans were sanctioned through what he humorously calls phone banking---behest lending at its worst. -
Sep 01, 2018
Narendra Modi launches India Post Payments Bank, claims Congress left nation's economy on landmine
While launching the India Post Payments Bank, Narendra Modi said banks and banking services will now be available at every person's doorstep. -
Aug 29, 2018
Govt unlikely to issue directions to RBI on bad loans of power sector, says finance ministry official
Ruling out invoking of exceptional powers to issue directions to RBI, a top finance ministry official said on Wednesday that the central bank should take a pragmatic view on resolving stressed assets in the power sector -
Aug 29, 2018
Public sector banks reduce Rs 64,106-cr NPAs via recoveries in fiscal 2018, reveals RTI query
Reduction in bad loans seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs 8,95,601 crore
