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.
As NPA resolution crawls, banks stare at spike in credit cost
With slower pace of resolution of bad loans, banks are staring at a spike in th...
Bigger PNB to have edge in getting big corporate customers
The merger of United Bank of India (UBI) and Oriental Bank of Commerce (OBC) with ...
Banks identify Simplex Infrastructures as NPA, resolution plans underway
United Bank of India (UBI), the leader of a consortium of 28 lenders, has identified Simplex Infra account as 'non-performing asset' (NPA) in the third quarter of FY20, people familiar with the matter said. Bank of India too marked Simplex Infra’s Rs 24.33 crore in working capital loan as NPA in February.
Union Bank: As a merged entity, we can face this lockdown better
Union Bank of India will become the fifth largest state-run bank after Andhra Bank and Corporation Bank merge with it on April 1. Six banks are being merged with larger peers to get economies of scale.
No new business, little profit: Banks face the squeeze
Experts say banks will see a negative operating leverage due to less revenue.
RBI deputy governor red-flags rising stress in Mudra loans
The Mudra loan scheme was launched to help the highly under-funded SMEs in 2015.
View: A data-driven rescue mission for the economy
The picture for non-listed firms isn’t so good, with leverage rising to 43% from 37% in 2008. The last thing one wants is to make these medium and small firms borrow more and emerge out of the Covid-19 crisis with unsustainable debt levels.
Coronavirus impact: Bad loans may surge with private sector banks facing maximum risk
A stress test conducted by the regulator prior to the outbreak of the virus showed that overall bad loans could rise to 10.5 percent of total loans in September 2020 from 9.3 percent in September last in the worse-case scenario of `severe stress.’
RBI mulling new rules on corporate governance; wants banks to disclose more
"When things are delayed, it only continues to fester in the system, " Deputy Governor N S Vishwanathan said.
SBI announces emergency credit line in light of COVID-19
“With a view to provide some degree of relief to the borrowers whose operations are impacted by Covid 19, it is decided by the Bank to make available additional credit facilities to the eligible existing borrowers by way of ad-hoc facilities i.e COVID 19 emergency credit line (CECL) to tide over the current crisis situation,” the note read.
BofA Securities downgrades SBI, 3 other lenders
The brokerage has cut earnings estimates on banks by up to 90 per cent .
YES Bank says NPA troubles to continue in FY21; CEO-designate confident of surviving storm
The bank witnessed withdrawals of over Rs 72,000 crore of deposits in the last six months to Rs 1.37 lakh crore.
We are financially strong and well-capitalised: IndusInd Bank
Private sector lender IndusInd Bank has said it is financially strong, well-capitalised and profitable, amid market rumours about the health of the lender after the Yes Bank crisis came to light.
Yes Bank: ED summons top corporate honchos for questioning this week
DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning apart from Reliance Group Chairman Anil Ambani who has been called on March 19 at the Enforcement Directorate office in Mumbai, they said.
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