Supreme Court extends relief on NPAs after govt says interest issue being considered at 'highest level'
• 4 years agoThe 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
• 5 years agoWith 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
• 5 years agoThe 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%
• 5 years agoKotak 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%
• 5 years agoBandhan 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
• 5 years agoSBI 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
• 5 years agoRBL 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
• 5 years agoHaving 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
Fp Staff • 5 years agoRajnish 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%
Fp Staff • 5 years agoShares of Yes Bank on Thursday zoomed 20 percent after the company reported a net profit of Rs 2,629 crore for the March quarter