Npas

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Npas - Total results - 834
Supreme Court extends relief on NPAs after govt says interest issue being considered at 'highest level'
India

Supreme Court extends relief on NPAs after govt says interest issue being considered at 'highest level'

The Centre told the court an expert panel has been set up to look into the interest being charged by banks on instalments deferred during the moratorium

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
Business

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings

With incremental bank lending making up the bulk of the government's nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report

RBI board member Satish Marathe says stimulus package fails to involve banks as frontline warriors in economic revival
Business

RBI board member Satish Marathe says stimulus package fails to involve banks as frontline warriors in economic revival

The stimulus package announced by Finance Minister Nirmala Sitharaman "fails to involve" banks in the economic revival process, a member of the Reserve Bank of India's central board said on Wednesday

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

SBI Cards Q4 net profit plunges 66% to Rs 84 cr on COVID-19 provisions, rise in expenses
Business

SBI Cards Q4 net profit plunges 66% to Rs 84 cr on COVID-19 provisions, rise in expenses

SBI Cards and Payment Services on Friday reported a 66 percent decline in net profit at Rs 84 crore for the March quarter on additional provisions due to the COVID-19 crisis as well as rise in total expenses

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

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off
Business

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off

Yes Bank had a loss of Rs 18,560 crore loss in the December quarter while the loss was at Rs 1,506 crore in the March 2019 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

Bad loans of Bank of Baroda, Indian Bank surge multi-fold in six years: RTI data
Business

Bad loans of Bank of Baroda, Indian Bank surge multi-fold in six years: RTI data

Non-performing assets of Bank of Baroda soared more than six-fold to Rs 73,140 crore while those of Indian Bank surged four-times to Rs 32,561.26 crore in six years, according to a Right to Information reply

Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default
Business

Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default

A fresh surge in bad debt could hit credit growth and delay recovery from the coronavirus pandemic.

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

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.

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
Business

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs

SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices
Business

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices

HDFC Chairman Deepak Parekh on Tuesday said he sees 20 percent drop in property prices of unsold residential inventory, and advised developers to offload their stocks to enhance liquidity position

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts
Business

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts

HDFC Chairman Deepak Parekh on Tuesday pushed for a one-time restructuring of stressed real estate accounts and relaxation in the classification of NPA norms to 180 days from 90 days to help the sector which has been severely affected due to COVID-19 related disruptions

Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body
Business

Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body

About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters' body FIEO said on Friday