Bad Loans

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Bad Loans - Total results - 652
More bad loans in offing? Carmakers tie-up with banks to offer low interest rate schemes to attract customers
Business

More bad loans in offing? Carmakers tie-up with banks to offer low interest rate schemes to attract customers

Banking sources say the Finance Ministry is pressuring banks to increase lending, though they are already saddled with over $120 billion of bad loans,

IDBI Bank shares rally 20% after lender posts net profit of Rs 135 cr in March quarter
Business

IDBI Bank shares rally 20% after lender posts net profit of Rs 135 cr in March quarter

IDBI Bank shares on Monday zoomed 20 percent to its highest trading permissible limit for the day after the company posted a profit of Rs 135 crore in the quarter ended March

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report
Business

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report

The government has already pumped in Rs 3.5 lakh crore to shore up state-owned banks in the last five years.

Kotak Mahindra Bank Q4 net profit down 4% to Rs 1,952 cr; bad loans marginally up at 2.25%
Business

Kotak Mahindra Bank Q4 net profit down 4% to Rs 1,952 cr; bad loans marginally up at 2.25%

Kotak Mahindra Bank on Wednesday reported 4 percent decline in consolidated net profit at Rs 1,951.82 crore for the fourth quarter ended March 2020 due to COVID-19 related provisions

Bandhan Bank Q4 net profit at Rs 517 cr; gross non-performing assets fall to 1.48%
Business

Bandhan Bank Q4 net profit at Rs 517 cr; gross non-performing assets fall to 1.48%

Bandhan Bank on Tuesday said its net profit for March quarter, 2019-20 stood at Rs 517.28 crore

RBL Bank net profit declines 54% to Rs 114 cr in March quarter; bad loan provisions spike manyfold
Business

RBL Bank net profit declines 54% to Rs 114 cr in March quarter; bad loan provisions spike manyfold

RBL Bank on Thursday reported a 54 percent decline in its net profit to Rs 114 crore for the March 2020 quarter, as the provisioning for bad loans spiked manyfold

Yes Bank creates stressed asset management vertical to resolve NPA accounts
Business

Yes Bank creates stressed asset management vertical to resolve NPA accounts

Having recognised a huge quantum of non-performing assets (NPAs) in the past few quarters, Yes Bank has created a dedicated stressed asset management vertical to recover and resolve such accounts that have touched Rs 50,000 crore, a top official said on Thursday

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.

Q4 results impact: Yes Bank shares zoom 20% after lender posts Rs 2,629-cr profit, HCL Tech jumps over 4%
Business

Q4 results impact: Yes Bank shares zoom 20% after lender posts Rs 2,629-cr profit, HCL Tech jumps over 4%

Shares of Yes Bank on Thursday zoomed 20 percent after the company reported a net profit of Rs 2,629 crore for the March quarter

Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report
Business

Public sector banks' NPAs likely to rise by 2-4%; may push govt to recapitalise via RBI reserves, bonds: Report

State-owned banks' non-performing loans are likely to rise by 2-4 percentage points, which will put up to $15 billion recapitalisation pressure on the government in FY21, a foreign brokerage firm said on Tuesday

Technical loan write-off route should not be applied for fugitives: Chidambaram to govt
Business

Technical loan write-off route should not be applied for fugitives: Chidambaram to govt

Senior Congress leader P Chidambaram on Wednesday asked the government why it had taken the technical loan write-off route for fugitives like Nirav Modi, Mehul Choksi and Vijay Mallya

Axis Bank shares fall over 6% after lender reports Rs 1,388 cr net loss in January-March quarter
Business

Axis Bank shares fall over 6% after lender reports Rs 1,388 cr net loss in January-March quarter

Shares of Axis Bank on Wednesday dropped over 6 percent in early trade after the company reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20

Wilful defaulters beneficiaries of 'phone banking' under UPA regime, Modi govt chasing them to recover dues: Nirmala Sitharaman
Business

Wilful defaulters beneficiaries of 'phone banking' under UPA regime, Modi govt chasing them to recover dues: Nirmala Sitharaman

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues

IndusInd Bank shares zoom 17% after Q4 earnings; lender posts 12% decline in consolidated profit
Business

IndusInd Bank shares zoom 17% after Q4 earnings; lender posts 12% decline in consolidated profit

Shares of IndusInd Bank on Tuesday jumped 17 percent at the close of trade after the company reported its March quarter earnings

Axis Bank Q4 net loss at Rs 1,388 cr as provisions jump nearly 3 times; income increases to Rs 20,786 cr
Business

Axis Bank Q4 net loss at Rs 1,388 cr as provisions jump nearly 3 times; income increases to Rs 20,786 cr

Axis Bank said the extent to which the COVID-19 pandemic will impact the bank''s provision on assets will depend on the future developments, which are highly uncertain.

HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis
Business

HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis

HSBC said last week it is pressing ahead with plans outlined in February to shift capital from underperforming businesses, reduce costs and strip out layers of management.

IndusInd Bank Q4 net profit down 16% at Rs 301.74 cr; bad loan provisions jump 56%
Business

IndusInd Bank Q4 net profit down 16% at Rs 301.74 cr; bad loan provisions jump 56%

IndusInd Bank on Monday reported a 16 percent decline in its standalone net profit at Rs 301.74 crore for the quarter ended March 2020, on higher provisioning

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
Business

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Indian Bank NPA to rise, no change in board post-merger, says MD & CEO Padmaja Chunduru
Business

Indian Bank NPA to rise, no change in board post-merger, says MD & CEO Padmaja Chunduru

Indian Bank on Thursday said its board will remain unchanged following its merger with Allahabad Bank on 1 April, but its non-performing assets will soar

Crisis-hit Yes Bank founder Rana Kapoor sent to judicial custody, lawyer fears he may get coronavirus
Business

Crisis-hit Yes Bank founder Rana Kapoor sent to judicial custody, lawyer fears he may get coronavirus

Yes Bank founder Rana Kapoor, arrested in a money laundering case, is "easily susceptible" to getting infected by the coronavirus in prison, his lawyer told a court here on Friday