Fresh NPA additions at lenders slow down, recoveries on the rise
Bank provisions have increased, but experts say there is a perceptible change in credit culture
Cooperative banks' assets nearly halve to 10.6% in FY19 from FY 05: RBI
September saw one of the biggest cooperatives, the city-based PMC, go...
Govt asks banks to appoint GM-level officer to address MSME sector woes
MSME sector has been a focus of the Narendra Modi government as it pl...
‘Delay in recognising bad loans hurts lenders’
Gross NPA ratio in the FY18-19 came in at 9.1% as against 11.2% in the year-ago period
IDBI Bank likely to be out of PCA framework in fourth quarter
With money coming from resolution on Essar Steel and expected flow from resolution of Bhushan Power and Steel and Alok Industries, sources said the bank is likely to be posting profit during the third quarter and the subsequent quarter. The bank has already come below net NPA threshold of 6% one of the three parameters for triggering PCA framework.
PNB's recovery of bad loans doubled to Rs 20,000 cr in FY19
The bank suffered losses allegedly after jewellers Nirav Modi, Mehul Choksi and some bank employees collided to defraud PNB of about Rs 1,000 crore.
Water crisis in India could further worsen bank NPA problem: Report
Nearly 40% of the credit exposure of Indian banks is in sectors where water risks are significant: Report
Indian Bank to focus on increasing CASA, curtailing costs in FY19-20
Indian Bank Managing Director and CEO, Padmaja Chunduru on the strategy for financial year 2019-20, said it would be on "concentrated growth with profitability".
Smaller banks hit most by RBI’s revised note on NPAs
Smaller banks in specific deals may now have to follow larger lenders who have more at stake in a consortium of creditors.
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.
Syndicate Bank hints that loan waiver may challenge NPA reduction efforts
The bank, which is hoping to break even at the end of this fiscal year, has taken a series of measures to bring down NPA level.
SBI targets 10-12% credit growth in FY20 on green shoots of credit revival, better recoveries
"Taking cues from the last year, the bank has set the goal to achieve a healthy credit growth of 10-12 per cent in 2019-20,"SBI chief said.
NPA level of banks on the decline: RBI Governor Shaktikanta Das
Bad loans of public sector banks (PSBs) declining by over Rs 23,000 crore from a peak of Rs 9.62 lakh crore in March 2018.
In relief for MSMEs, not 1 will be declared NPA till Mar 2020
The FM also said banks have been told not to declare any stressed loan account of MSMEs a non-performing asset until March 2020.
Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19
During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans.
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