Non performing assets News

The macro stress tests for credit risk reveal that scheduled commercial banks (SCBs) would be able to comply with the minimum capital requirements even under severe stress scenarios, the report emphasised.

SBI said the proposed acquisition of these assets should not be funded and backed by promoters/company/guarantors or any of their related parties. SBI said only ARCs are eligible in the e-auction as it is a fraud account.

Reasons for NPAs for loans extended under PMMY are, inter-alia, first time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices, poor credit appraisal, wilful default by borrowers, impaired cash flows of the units due to slowdown in business etc.

This is the third supplementary demand by the government in the current fiscal.

Modi had launched a blistering attack on Congress over bank NPAs The biggest scam and increase of NPAs has happened in 3 and a half years of BJP Government, Congress said Congress accused EC of becoming a "puppet" in the hands of PM

Moody's Investors Service on Wednesday said the government's plan to infuse Rs 2.11 lakh crore in PSU banks is "significant credit positive" as it will help address the problem of weak capitalisation.

Finance Minister Arun Jaitley yesterday announced that Rs 2.11 lakh crore would be infused in PSU banks over two years, of which Rs 1.35 lakh crore will be through recapitalisation bonds.

Yesterday, Finance Minister Arun Jaitley unveiled an unprecedented Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.

Finance Minister Arun Jaitley on Tuesday said the Indian economy is on a strong wicket with sound macro-economic fundamentals.

Macro-economic data points and the direction of foreign funds` flow are expected to influence sentiments of investors and set the tone for the Indian equity markets in the upcoming week, feel senior analysts.

Finance Minister Arun Jaitley on Tuesday said banks have an exposure of Rs 97,681 crore in the telecom sector, which is grappling with financial stress.

Kotak Mahindra Bank on Thursday reported 23.10 per cent increase in standalone net profit at Rs 912.73 crore for the first quarter ended June 30.

Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.

Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.

Union cabinet has cleared ordinance to amend Banking Regulation Act to resolve NPA crisis on Wednesday. As per sources, President's nod is likely soon.

Finance Minister Arun Jaitley on Monday asserted that the problem of bad loans in the banking system is not "insurmountable" for a large economy like India as it is limited to only 20-30 big accounts.

Expressing concerns over mounting bad loans, Banks Board Bureau (BBB) Chief Vinod Rai has written to Finance Minister Arun Jaitley and Prime Minister's Office underlining the tardy progress made by state-owned lenders in resolving the issue of Non Performing Assets.

The government needs to bail out large corporate borrowers at times in a capitalist system though it may lead to charges of cronyism, Chief Economic Adviser Arvind Subramanian has said, while supporting the idea of a 'national bad bank'.

Dena Bank today reported a loss of Rs 44.3 crore for the September quarter on account of higher provisions for bad loans.

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday.