Yes bank can't declare firm NPA for non payment of loan due to coronavirus: HC
Justice Sanjeev Sachdeva, who conducted the hearing through video conferencing, took on record the statement made by the counsel for Anant Raj Ltd that it will make payment on or before April 25, the instalment which fell due as on January 1, 2020 along with the interest accrued till the date of payment irrespective of the lockdown position.
Indian banks seek easier loan repayment, NPA classification due to Covid-19
IBA has made a five-point wish-list for the consideration of the ...
Agenda for small private banks: Bridge the trust deficit
Their faith shaken and fears stirred up by the Yes Bank curbs and PMC’s sudden failu...
Bank of Baroda says fresh NPA accretion nearly peaked
"Given the fact that there are some indicators like the watch-list coming down, in terms of size, I can say with a reasonable degree of confidence that the slippage levels should be lower going forward," Chadha, who took over the charge last week told in an interview.
'Companies may default on Rs 2.54-L cr bank loans in next 3 years’
The predictions are based on the assumptions of 6% average real GDP growth in FY21 & FY22.
Economic package, NPA relief will benefit bank stocks: Sudip Bandyopadhyay
Expectation of package is cheering the financial services market, said Group Chairman of Inditrade Capital.
Bad loans of public sector banks fall to Rs 7.27 lakh crore at end of Sept 2019: Nirmala Sitharaman
"The government has instituted comprehensive reforms in PSBs to improve, governance, underwriting, monitoring and recovery, and has leveraged technology in all aspects of banking, resulting in reduction in their NPAs," Sitharaman said in written reply to a question in the Lok Sabha.
Banking industry's NPA situation to improve by fiscal-end: SBI chairman
Rajnish Kumar added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from consumers. On transmission of monetary policy, he said the banks cannot lower rates beyond a threshold due to asset liability mismatch issues.
YES Bank ropes in Anshu Jain, former Chief of Deutsche Bank, to raise funds
Anshu Jain is currently the president of Cantor Fitzgerald, an investment bank and brokerage firm.
Allahabad Bank reports Rs 67 crore divergence in gross NPA
Divergence in gross NPA is the difference in gross bad loans reported by banks and the assessment done by Reserve Bank of India. Allahabad Bank had reported Rs 28705 crore gross NPA as on March 2019 while RBI assessed its gross NPA at Rs 28772 crore.
Govt to seek NPA relief for companies hit by coronavirus
The move follows a petition from some industry representatives to finance minister Nirmala Sitharaman to not just relax the norms but also ensure access to funds to tide over payment issues that may arise due to problems in accessing inputs and critical raw material.
Realty sector gets NPA breather
The BSE Realty Index surged more than 1.6 per cent on the RBI announcement.
Realty sector gets NPA breather
Lenders told to postpone downgrade of builder loans by one year for projects facing genuine delays.
Self Help Group potential can boost rural production and consumption
For those who are not familiar with SHG, it is a voluntary group of 10-20 people having similar socio-economicbackground in small contiguous area who operate on the principles of self-help, solidarity and mutual interest. They pool their little savings and manage their credit needs. There are three distinct characteristics, which are unique in SHG, different from traditional lending.
Covid-19 Impact: Banks to witness spike in credit costs, non-performing assets in 2020
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 per cent and credit cost ratios by 130 basis point in 2020, following the economic slowdown on account of COVID-19 crisis.
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