Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown
DHFL crisis: Bankers likely to recast crisis-hit housing finance company's outstanding loans of over Rs 38,000 cr
On 25 June, DHFL said it failed to make Rs 225 crore payment of unsecured commercial paper payment. It will be paid over the next few days, the company said.
NPA issue: Will RBI's 12 February circular help expedite bad loan recovery? Signs indicate it is on right path
This smorgasbord of schemes didn’t even dent the NPA problem. The mountain just kept piling up until it reached 11 percent of total bank assets.
The Reserve Bank of India (RBI) Tuesday allowed a one-time restructuring of the existing debt of up to Rs 25 crore for the companies that have defaulted on payments but their loans have continued to be classified as standard assets.
The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road
We now have one big problem which the Narendra Modi government is trying to postpone further by merging different public sector banks. The trouble is bringing two rotten eggs together is only going to lead to another rotten egg
In the last five sessions before Tuesday, REC stock had jumped 13 percent in five sessions, while PFC counter spurted 10 percent on BSE
Banks are in a difficult position due to their state of asset quality and poor economic conditions; it will be better to show NPAs as NPAs as early as possible and come clean
The practice of covering up bad loans has come down after Rajan took away the leeway to push bad loans into restructured basket. Banks are now more cautious
Beyond the pacifying words on autonomy and support at the Gyan Sangam, Jaitley will have to bring himself some concrete roadmap in the budget
The time is perhaps right for the government to look at privatising some of the state-run banks
If the elections throw up a hung Parliament, economic uncertainty will only aggravate. This will increase the pain in the banking system.
Of this, Rs 50,000 crore of loans are likely to turn non-performing assets, further aggravating the already stressed asset quality of banks by 50-75 bps beyond March 2013.