India's bad debt pile eased by write-offs, underlying problem far from resolved
Soaring bad debt levels, especially on the books of state-run lenders, have choked the Indian banking system and crippled its ability to generate fresh lending and revive economic growth that has slumped to a six-year low. The frail growth has put the brakes on sectors like autos and real estate, causing fresh heartburn for banks.
Indian government's loan bonanza seen a temporary salve and a long-term pain
Reviving a practice not used in three decades, India's governmen...
India's war on world’s worst bad-debt pile stalled by regulators
Time-bound resolutions under bankruptcy law are the key to cleaning up $190 ...
Share of HFCs, para banks in home loan bad debt pile triples in 2 years
The overall NBFC credit exposure to the commercial sector may also have come down.
Bad debt norms: RBI to seek Election Commission nod
The move is crucial after the SC set aside the controversial February 12 circular issued by then governor Urjit Patel.
CVC finds many flaws in sale of bad debt by banks
In at least 48 cases, assets were sold to ARCs below the realisable value of securities that the borrower had given as security at the time of availing of the loan.
Banks risk adding $25 billion bad debt on Supreme Court decision
The government has identified 34 stressed plants in power sector with outstanding debt of about 1.8 tn rupees.
Supreme Court ruling on RBI circular to give tycoons reprieve on $55 billion of bad debt
Business tycoons in industries will now have more room to negotiate loan repayment.
Bad debt is not a bother anymore: Chaudhary Birender Singh, Steel Minister
Integrated steel-making is not the only way to achieve the 300-MT target. The secondary steel producers are more important. said, Chaudhary Birender Singh.
Want efficient banks? Go for more mergers, says RBI research
RBI researchers said further mergers will help lenders lower costs and efficiently scale their operations.
In rare move, India's top bad-debt buyer eyes consumer loans
India's largest buyer of bad loans is considering a rare move to start purchasing soured consumer debt.
Billionaire GP Hinduja blames PE funds for India’s bad debt problem
Hinduja claimed that the group was thriving due to its approach to form partnerships with people in various countries.
Yes Bank's Rana Kapoor falls foul of bad-debt battle
Kapoor’s removal shows how far the RBI is preparing to go to root out a system-wide legacy of shoddy lending.
After 2 years as RBI governor, Patel nears bad debt endgame
Patel’s obduracy, insisting that lenders stick to the letter for classifying loans as bad, has frustrated senior bureaucrats and politicians. Government officials point out that even public sector companies fail to make timely payments.
Videocon blames PM Modi, Supreme Court & Brazil for bad debt pile
Ina BSE filing, the Indian TV maker alleged the cash clampdown in November 2016 choked its supplies and forced Videocon to shut business.
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