Stressed Assets

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Stressed Assets - Total results - 73
Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report
Business

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
Business

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%
Business

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
Business

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

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

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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%
Business

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.

RBI's new prudential framework for stressed asset resolution credit positive: Moody's
Business

RBI's new prudential framework for stressed asset resolution credit positive: Moody's

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
Business

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
Business

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
Business

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
Business

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
Business

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)