Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report
Industry estimates indicate that in India, branded and organised hotels annual revenue is Rs 38,000 crore, it added.
Coronavirus Outbreak: ICRA says credit quality of Indian firms worsened in FY20; warns increase in stressed assets in FY21
Domestic credit rating agency ICRA said credit quality of Indian companies worsened in the fiscal year 2019-20 as it downgraded Rs 7 lakh crore of debt and warned of "unprecedented strain" on credit profiles of corporates due to the coronavirus pandemic
Moody's downgrades Yes Bank rating, assigns negative outlook ahead of fund raising plan; shares fall 1.5%
Yes Bank has been finding the going tough since August last year after the RBI refused to clear the reappointment of co-promoter and chief executive Rana Kapoor.
Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution
In many of the cases under insolvency, the promoters are under investigation by various agencies, the sources said
Indian banks wrote off more than $30 billion worth of bad debt in the year to 30 June, helping to lower stressed loans on their books by 8.5 percent, according to central bank data reviewed by Reuters
Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro
Infosys, once the poster boy of corporate governance in India, is for the second time in two years at the receiving end after whistleblowers alleged fudging of numbers
The government on Wednesday asked banks to put in all efforts to resolve bad loans themselves and approach National Company Law Tribunal (NCLT) only in the absence of any alternative
DHFL, India’s fourth-biggest housing finance company, has roughly 1 trillion rupees ($14.15 billion) of debt
RBI annual report: Banks contain gross NPAs at 9.1% in FY19 on higher provisions, dip in fresh slippages
Early recognition and resolution of stressed assets have helped banks contain their gross non-performing loans ratio at 9.1 percent in FY19 down from 11.2 percent a year before, says the monetary authority
Reserve Bank deputy governor NS Vishwanathan Tuesday exhorted bankers to ensure timely resolution of stressed assets under the new framework to extract the best value and underlined the need for dealing only in "genuine" cases
Bank NPAs: Despite continuing write-offs, decline in NPAs after a long gap is good news for industry
A part of the reason why NPAs must have shown a decline could be technical write-offs of NPAs
The decision to form a sub-panel was taken in IL&FS's board meeting held on 28 June
Jet Airways, which was grounded on 17 April, owes more than Rs 8,500 crore to a consortium of banks led by State Bank
Stressed steel assets may see lower recovery rates in second round; flat steel segment's growth may moderate to 5-5.5%
Sixteen of the accounts were in the steel sector, where the haircut required was a lower 47 percent, as compared to 69 percent for other sectors.
Moody's Investors Service on Monday said the Reserve Bank's new prudential framework for stressed asset resolution is ‘credit positive', but flagged the slower-than-expected progress of resolution under Insolvency and Bankruptcy Code as a key hurdle
New RBI rules on NPA: Central bank must frame stronger guidelines to police borrowers, not just lenders
It is time the RBI looked hard at what needs to be done in the entire process chain of borrowing, including issues related to collaterals, cash flows and above all the expected conduct of borrowing entities.
RBI will continue to monitor activity, performance of shadow banking sector; final guidelines to be issued soon: Shaktikanta Das
The RBI chief also urged Indian public sector banks (PSBs) to not depend solely on government capital infusions to solidify their balance sheets.
RBI issues revised guidelines on stress loans, offers 30-day gap for NPA recognition; replaces 12 February circular
The Reserve Bank Friday issued a new framework for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier
RBI's revised guidelines for resolution of stressed assets likely before 23 May; poll code may not impact issuance of new rules
Against the backdrop of the Supreme Court quashing an RBI circular, issued on 12 February, 2018, a revised set of rules is under works and would be released soon, they said.
Supreme Court quashing Reserve Bank circular not to dilute insolvency law: Corporate Affairs Secretary
Under the Code, insolvency proceedings can be initiated only after getting approval from the National Company Law Tribunal (NCLT)