Stressed Assets

Banks write off over $30 bn of loans in year to 30 June; underlying problem remains

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

Don't use NCLT on daily basis to resolve stressed assets: Union minister Anurag Thakur

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 board approves plan to convert debt into equity, sell assets to raise more capital

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

Resolving stressed assets on time in your interest: RBI deputy governor NS Vishwanathan to banks

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

IL&FS fraud case: Board to set up sub-committee to oversee process of disinvestment

The decision to form a sub-panel was taken in IL&FS's board meeting held on 28 June

SBI chairman defends sending Jet Airways to bankruptcy court, says 'last effort' to find resolution

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.