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Prime Minister's Office

16 Jun 2017

NPA resolution: PMO to review progress on June 19

The Prime Minister's Office has called a meeting of senior officials of the ministries of finance and corporate affairs on Monday to review the progress in resolution of NPAs in the light of recent action taken by the Reserve Bank on stressed assets.

Mutual funds' allocation

26 Feb 2017

MFs' exposure to bank stocks hit record Rs 1.16 lakh crore in January

Mutual funds' allocation for bank stocks hit a record high of Rs 1.16 lakh crore in end-January, primarily on account of cheaper valuations.

05 Feb 2017

Hemmed in by NPAs, poor demand, Exim Bank stares at muted year

Hit by increase in non-performing assets and subdued global demand, the national export finance institution Exim Bank is looking at a muted growth of 5-7 per cent for the current financial year.

29 Dec 2016

Demonetisation, GST hold potential to transform India; NPAs key risk: RBI

Calling demonetisation and goods and services tax (GST) as policy decisions which will transform economy, Reserve Bank of India (RBI) on Thursday made these observations were made in the Report on Trend and Progress of Banking in India 2015-16 (RTP) and the 14th issue of the Financial Stability Report (FSR).

16 Oct 2016

NPA not an issue, rate cuts to fetch Rs 2.5 trillion gains: K V Kamath

Seeking to allay fears arising from dud loans pile-up, veteran banker K V Kamath said interest rate cuts will give troubled lenders Rs 2.5 trillion boost through treasury gains that will help the system tide over troubles and also ease pressure on growth capital.

15 Oct 2016

'Bank NPAs appear to be bigger scam than 2G scam'

Attacking the BJP-led Central government over loan waivers for corporates, CPI-M General Secretary Sitaram Yechury on Saturday said the unpaid loans owed by private companies to the nationalised banks was a scam "10 times bigger" than the 2G spectrum scandal.

10 Oct 2016

India bad loans mountain grows, risks delaying bank clean-up

Stressed loans in India`s banking sector crossed $138 billion in June, central bank data reviewed by Reuters shows, an increase of nearly 15 percent in just six months that suggests a state clean-up effort will take longer and cost more than expected.

RBI governor Raghuram Rajan

10 Sep 2016

Raghuram Rajan took many steps to put banking system in right direction: President

Just retired RBI Governor Raghuram Rajan's clean-up of more than USD 100 billion of stressed assets on the books of banks today came in for praise from President Pranab Mukherjee who felt rising NPAs are not a desirable situation.

29 Aug 2016

RBI calls for ownership change of companies with sticky loan accounts

Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday called for ushering new owners or managers for companies whose loans accounts have gone sticky, to improve their operational efficiency.

16 Aug 2016

Banks consolidation next fiscal, priority to end NPAs: BBB chief Vinod Rai

The consolidation of more banks may begin from next fiscal as the priority today is to unlock the jammed lending system with the Non-Performing Assets (NPAs) sitting over balance sheets of banking institutions, Banks Board Bureau chief Vinod Rai said Tuesday.

Bad loans in India

15 May 2016

Finance Ministry to soon set up panel on bad loans

In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set up a panel to look into the issue of mounting bad loans and come out with the steps to deal with the problem.

Realtors' apex body

26 Apr 2016

Realtors say no scope for further cut in housing prices

Realtors' apex body CREDAI today said there is no scope for further reduction in housing prices as this would lead to rise in NPAs and non-delivery of real estate projects.

Corporate debt in India

19 Apr 2016

Corporate debt worth $178 billion at default risk: BNP Paribas

A whopping 16.1 percent or USD 178 billion worth of corporate credit in India is at risk of default, making the domestic banking system the worst in Asia in terms of bad loans, says a report.

Finance Ministry

16 Mar 2016

FinMin to meet bank officials on March 21 on loan recovery

The finance ministry has convened a meeting of senior bankers of public lenders dealing with large loan defaults next week as part of an exercise to clean up balance sheet of banks.

14 Mar 2016

Will tackle bank stress problem at its core: Arun Jaitley

Finance Minister Arun Jaitley said on Monday that his government will find a lasting solution to the financial stress of banks by addressing issues at the core of the problem - over-borrowing by long-troubled sectors like steel, sugar, power and highways.

11 Mar 2016

Moody's retains ratings on SBI, IDBI; sees NPA woes stabilising

Moody's Investors Service has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P and expects not much deterioration in its asset quality.

Business Headlines

13 Feb 2016

Top 10 business headlines

12 Feb 2016

Markets need not panic, bad loans being tackled: Jaitley

Finance Minister Arun Jaitley on Friday said Indian banks were equipped well to deal with bad loans, and that markets need not panic since the current turmoil that has pulled down key stock indices in the country is driven by external factors.

08 Feb 2016

27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15

A whopping Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance sheet clean-up.

25 Nov 2015

NPAs Of 37 Banks Record 26.8% Increase In Last One Year

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