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Most banks do not provide a break-up of their stressed loan book between retail and corporate segments.(HT Archive/For Representative Purposes Only)

Private lenders see retail stress build up

By Shayan Ghosh, Livemint, Mumbai
PUBLISHED ON MAR 18, 2021 08:21 AM IST
  • Private banks have a higher share of unsecured loans, or loans that are disbursed without any collateral in their books as compared to their state-owned peers—one possible reason behind their higher retail stress.
Experts said job and income loss and drop-out rates following Covid, were key factors behind the surge in NPAs. (iStock Photo/HT Archives)
Experts said job and income loss and drop-out rates following Covid, were key factors behind the surge in NPAs. (iStock Photo/HT Archives)

Education NPAs rise as Covid-19 hits jobs

By Prashant K Nanda, Livemint, New Delhi
PUBLISHED ON MAR 16, 2021 05:30 AM IST
  • Experts said job and income loss and drop-out rates following the Covid outbreak, were key factors behind the surge in NPAs for this loan category.
The Eco Survey says a clean-up of bank balance sheets is necessary when forbearance is discontinued.(MINT_PRINT)
The Eco Survey says a clean-up of bank balance sheets is necessary when forbearance is discontinued.(MINT_PRINT)

Case for fresh review of bad loans after pandemic

By Shayan Ghosh, Livemint, Mumbai
UPDATED ON JAN 30, 2021 07:02 AM IST
  • The survey said another clean-up of bank balance sheets is necessary when the ongoing forbearance is discontinued.
Reserve Bank of India (RBI) governor Shaktikanta Das also said that the current COVID-19 pandemic-related shock will place greater pressure on the balance sheets of banks in terms of non-performing assets, leading to erosion of capital.
Reserve Bank of India (RBI) governor Shaktikanta Das also said that the current COVID-19 pandemic-related shock will place greater pressure on the balance sheets of banks in terms of non-performing assets, leading to erosion of capital.

Open to examine proposal on bad banks: RBI governor Shaktikanta Das

ANI | , New Delhi
PUBLISHED ON JAN 16, 2021 02:27 PM IST
Talking about the governance reforms Das said integrity and quality of governance are keys to good health and robustness of banks and non-banking financial companies (NBFCs).
Union finance ninister Nirmala Sitharaman speaks in Lok Sabha during the ongoing monsoon session of Parliament amid the coronavirus pandemic in New Delhi on Wednesday.(PTI File Photo)
Union finance ninister Nirmala Sitharaman speaks in Lok Sabha during the ongoing monsoon session of Parliament amid the coronavirus pandemic in New Delhi on Wednesday.(PTI File Photo)

Finance minister Nirmala Sitharaman moves bill to amend Banking Regulation Act

New Delhi | By Asian News International | Posted by Kanishka Sarkar
PUBLISHED ON SEP 16, 2020 05:46 PM IST
Moving the Banking Regulation (Amendment) Bill 2020 for passage of the House, finance minister Nirmala Sitharaman said the legislation had been brought to protect the interest of depositors.
The apex court passed the order while noting the submissions of senior advocate Harish Salve, who appeared for banks’ association and said that “no account shall become NPA at least for a period of two months”.(HT file photo)
The apex court passed the order while noting the submissions of senior advocate Harish Salve, who appeared for banks’ association and said that “no account shall become NPA at least for a period of two months”.(HT file photo)

SC grants relief to borrowers, protect accounts from being declared NPA till further orders

New Delhi | By Press Trust of India| Posted by: Harshit Sabarwal
PUBLISHED ON SEP 03, 2020 08:29 PM IST
A bench headed by Justice Ashok Bhushan said this while hearing a batch of pleas which have raised the issue of interest being charged on instalments which were deferred during the moratorium period due to the Covid-19 pandemic.
From 2015-16 to 2019-20, public sector banks sanctioned 2,07,639 accounts and assistance of Rs 10,169 crore was allotted, according to official data.(Bloomberg)
From 2015-16 to 2019-20, public sector banks sanctioned 2,07,639 accounts and assistance of Rs 10,169 crore was allotted, according to official data.(Bloomberg)

Programme for micro-enterprises: No set targets, flagship scheme losing steam

Hindustan Times, New Delhi | By Saubhadra Chatterji
UPDATED ON AUG 13, 2020 01:21 AM IST
Prime Minister’s Employment Generation Programme (PMEGP), under which banks offer subsidies worth up to Rs 25 lakh to start new micro-enterprises, is run by the micro, small and medium enterprises (MSME) ministry with the help of the Union finance ministry.
Prafful has been honoured with “Puneri Pagdi” & “Divine social award” at Pune Yerwada Central Jail for his contribution in social service through various social cause and activities.
Prafful has been honoured with “Puneri Pagdi” & “Divine social award” at Pune Yerwada Central Jail for his contribution in social service through various social cause and activities.

Know why Prafful Sarda is an invincible leader

UPDATED ON JUL 31, 2020 07:22 PM IST
Mr. Sarda, a young and dynamic entrepreneur, columnist and Civil Rights Activist is an OSD (officer on Special Duty) to Dr. Raghunath Kuchik, Chairman of MWAC holding Minister of State (R) Govt of Maharashtra.
RBI Governor Shaktikanta Das addresses at the 7th SBI Banking & Economics Conclave, Mumbai, July 12(ANI)
RBI Governor Shaktikanta Das addresses at the 7th SBI Banking & Economics Conclave, Mumbai, July 12(ANI)

A turning point for the financial sector | HT Editorial

Hindustan Times | By HT Correspondent
UPDATED ON JUL 12, 2020 10:10 PM IST
The uncertainty about growth, and possible surge in NPAs will add to the crisis
SBI has filed a complaint against the rice exporters Ram Dev International Limited who have fled the country by cheating six banks of 414 crore rupees.(REUTERS File Photo)
SBI has filed a complaint against the rice exporters Ram Dev International Limited who have fled the country by cheating six banks of 414 crore rupees.(REUTERS File Photo)

Bank defaulters flee country, SBI lodges complaint against Delhi firm after 4 yrs

Hindustan Times, New Delhi | By Neeraj Chauhan | Edited by Meenakshi Ray
UPDATED ON MAY 09, 2020 12:30 PM IST
CBI has registered a case against the three owners and has also issued a look out circular against them.
Yes Bank promoter Rana Kapoor being produced at a court, in Mumbai on Monday.(PTI Photo)
Yes Bank promoter Rana Kapoor being produced at a court, in Mumbai on Monday.(PTI Photo)

Yes Bank founder Rana Kapoor’s ED custody extended till March 20; agency probes money laundering charges

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 16, 2020 05:28 PM IST
Rana Kapoor was arrested by the Enforcement Directorate on March 8 in charges of money laundering.
A woman walks near a protest site against Citizenship Amendment Act (CAA), NRC and NPR , at Jamia Millia Islamia University, in New Delhi, on Friday, February 14, 2020.(Burhaan Kinu/HT PHOTO)
A woman walks near a protest site against Citizenship Amendment Act (CAA), NRC and NPR , at Jamia Millia Islamia University, in New Delhi, on Friday, February 14, 2020.(Burhaan Kinu/HT PHOTO)

‘Video not released by us’: Jamia distances itself from ‘police brutality’ footage

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 16, 2020 06:00 PM IST
The administration of the Jamia Millia Islamia has clarified that protests against the CAA, NRC and NPA outside the university were being spearheaded by an organisation of its students and alumni.
As per ICRA estimates, around Rs 35,000-45,000 crore would be required to fund the completion of the revised quantum of 4.58 lakh eligible dwelling units. Image used for representation(Sakib Ali/ HT photo)
As per ICRA estimates, around Rs 35,000-45,000 crore would be required to fund the completion of the revised quantum of 4.58 lakh eligible dwelling units. Image used for representation(Sakib Ali/ HT photo)

Govt’s Rs 25,000cr realty booster inadequate to revive stalled projects: ICRA

New Delhi | By Press Trust of India
PUBLISHED ON NOV 07, 2019 10:10 PM IST
India Rating and Research said that with stalled projects coming on stream, the demand-supply imbalance is likely to worsen and if overall housing demand does not witness a recovery, pricing pressure in the sector is likely to be exacerbated, it added.
Announcing the Cabinet decision, Finance Minister Nirmala Sitharaman said several sovereign funds have expressed interest in the scheme and may join at a later stage.(HT Photo/representative image)
Announcing the Cabinet decision, Finance Minister Nirmala Sitharaman said several sovereign funds have expressed interest in the scheme and may join at a later stage.(HT Photo/representative image)

Realtors welcome government's decision to help complete stalled housing projects

New Delhi | By Press Trust of India
UPDATED ON NOV 07, 2019 07:25 AM IST
Real estate developers welcomed the government’s move to create a Rs 25,000-crore fund to help complete over 1,600 stalled housing projects, saying it will solve the long-pending problem of homebuyers.
Union Finance Minister Nirmala Sitharaman addressing a press conference after a cabinet meeting in New Delhi, India on Wednesday, November 06, 2019.(HT Photo)
Union Finance Minister Nirmala Sitharaman addressing a press conference after a cabinet meeting in New Delhi, India on Wednesday, November 06, 2019.(HT Photo)

Government to set up Rs 25K crore fund for stuck housing projects

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON NOV 07, 2019 05:15 AM IST
While the government will investRs10,000 crore in the fund, the remaining Rs1 5,000 crore will come in from State Bank of India, Life Insurance Corporation of India and other such institutions, Nirmala Sitharaman said.
People wait outside a Punjab and Maharashtra Co-operative Bank branch to withdraw their money in Mumbai, September 25(REUTERS)
People wait outside a Punjab and Maharashtra Co-operative Bank branch to withdraw their money in Mumbai, September 25(REUTERS)

The PMC Bank fraud exposes the limits of capitalism, writes Barkha Dutt

UPDATED ON OCT 19, 2019 06:57 AM IST
What makes this especially outrageous is that this could have been caught much earlier
Gross NPAs of a set of 36 banks increased to ₹8.97 lakh crore in June 2019.(Hemant Mishra/Mint)
Gross NPAs of a set of 36 banks increased to ₹8.97 lakh crore in June 2019.(Hemant Mishra/Mint)

Care Ratings says 17 banks have bad loan ratio above 10%

livemint, Mumbai | By Shayan Ghosh
UPDATED ON SEP 04, 2019 01:43 PM IST
Three private banks had NPA of less than 2% and eight had between 2-5% and five between 5-10%. IDBI Bank, UCO Bank and Indian Overseas Bank had NPA ratio of above 20% and one was very near at 19.9%.
Union Home Minister Amit Shah addressing Indian Police Service probationers in Hyderabad.(ANI Photo)
Union Home Minister Amit Shah addressing Indian Police Service probationers in Hyderabad.(ANI Photo)

‘India unsafe without internal security’: Amit Shah to IPS probationers

Hindustan Times, Hyderabad | By Srinivasa Rao Apparasu
UPDATED ON AUG 24, 2019 12:53 PM IST
Amit Shah said the IPS officers had a major role to play in maintaining the internal security in the country.
Sushil Kumar Modi BJP opposition leader was addressing media about the non-performing assets (NPA) crisis in the state and the performance of banks in the last financial year.((Photo by Vipin Kumar/ Hindustan Times))
Sushil Kumar Modi BJP opposition leader was addressing media about the non-performing assets (NPA) crisis in the state and the performance of banks in the last financial year.((Photo by Vipin Kumar/ Hindustan Times))

To a question on encephalitis, Bihar’s deputy CM says meeting only about bankers

Asian News International | By Asian News International
UPDATED ON MAY 24, 2020 10:13 AM IST
Conveniently dodging the topic of deaths in the state, BJP leader was addressing media about the non-performing assets (NPA) crisis in the state and the performance of banks in the last financial year.
The ACB said it found that the cost of the project was much lower than the projected cost.(Twitter/@imrankehwah)
The ACB said it found that the cost of the project was much lower than the projected cost.(Twitter/@imrankehwah)

Srinagar deputy mayor booked for ‘fraud’

Hindustan Times, Srinagar | By Mir Ehsan
UPDATED ON JUN 15, 2019 11:13 PM IST
The case was registered a week after the ACB raided the bank’s corporate headquarters. The raids were conducted after Pervaz Ahmad was removed as the bank’s chairman.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting is expected to cut interest rates by 25 basis points. This will follow the two 25 basis point rate cuts in the previous two MPC meetings of the RBI. A cut in the policy rate will be welcome but needs to see a much stronger transmission to interest rates in the economy.(REUTERS)
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting is expected to cut interest rates by 25 basis points. This will follow the two 25 basis point rate cuts in the previous two MPC meetings of the RBI. A cut in the policy rate will be welcome but needs to see a much stronger transmission to interest rates in the economy.(REUTERS)

RBI needs to work on improving monetary policy transmission

By Ila Patnaik
UPDATED ON JUN 06, 2019 08:55 AM IST
The work on this needs to be started now so that its benefits can be reaped after a three- to five-year period.
The RBI is looking into all the concerns raised by various stakeholders including banks and power sector companies and may look to tweak the circular without diluting it completely so that the momentum towards resolution of stressed assets is not affected.(BLOOMBERG PHOTO)
The RBI is looking into all the concerns raised by various stakeholders including banks and power sector companies and may look to tweak the circular without diluting it completely so that the momentum towards resolution of stressed assets is not affected.(BLOOMBERG PHOTO)

RBI’s revised norms for resolution of stressed assets likely before May 23

Press Trust of India, New Delhi/Mumbai | By Press Trust of India
UPDATED ON APR 28, 2019 04:18 PM IST
Earlier this month, the Supreme Court had quashed the RBI’s February 12 circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore, terming it as “ultra vires”.
The RBI did not reveal whether it would straightaway share the information sought by the RTI applicants or will seek time to review the SC order before acting upon it.(Mint)
The RBI did not reveal whether it would straightaway share the information sought by the RTI applicants or will seek time to review the SC order before acting upon it.(Mint)

Reserve Bank of India likely to withdraw non-disclosure policy under Right To Information

New Delhi | By Indo Asian News Service
PUBLISHED ON APR 26, 2019 07:43 PM IST
The apex court, while directing the RBI to withdraw its non-disclosure policy, warned that any future violation of the transparency law would be taken “seriously”.
NITI Aayog CEO Amitabh Kant addresses a press conference, in New Delhi.(PTI File Photo)
NITI Aayog CEO Amitabh Kant addresses a press conference, in New Delhi.(PTI File Photo)

Govt, RBI will have to bring new rules: Amitabh Kant on SC order on NPA circular

Mumbai | By Press Trust of India
UPDATED ON APR 03, 2019 04:51 PM IST
Niti Aayog chief executive Amitabh Kant said such a move ensuring timely repayment and resolution of stressed assets is essential for long-term growth.
Farm loan waiver would offset the financial losses (including bad loans and NPA) of worth Rs 3,500 crore of the apex bank, cooperative banks and PACS(HT Photo/Representative image)
Farm loan waiver would offset the financial losses (including bad loans and NPA) of worth Rs 3,500 crore of the apex bank, cooperative banks and PACS(HT Photo/Representative image)

Farm loan waiver to benefit cooperative banks in Rajasthan

Jaipur | By Aabshar H Quazi
UPDATED ON MAR 08, 2019 12:44 PM IST
The Rajasthan government has announced to waive off cooperative loans of farmers up to Rs 2 lakh under the farm loan waiver scheme in Rajasthan.
A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata.(REUTERS)
A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata.(REUTERS)

CBI books Hyderabad-based firm for cheating SBI

New Delhi | By Press Trust of India
UPDATED ON MAR 04, 2019 11:51 PM IST
The CBI has booked promoters of a Hyderabad-based construction and leasing company for alleged criminal conspiracy and cheating in availing loans.
The Reserve Bank of India headquarters in Fort, Mumbai.(Aniruddha Chowdhury/Mint)
The Reserve Bank of India headquarters in Fort, Mumbai.(Aniruddha Chowdhury/Mint)

Time for banks to set their house in order

UPDATED ON JAN 03, 2019 07:35 AM IST
Without reforms, banks will always remain vulnerable to frauds and unscrupulous lenders.
Transport Minister Nitin Gadkari speaks during the India Economic Summit 2014 at the World Economic Forum in New Delhi November 5, 2014. REUTERS/Anindito Mukherjee(Reuters)
Transport Minister Nitin Gadkari speaks during the India Economic Summit 2014 at the World Economic Forum in New Delhi November 5, 2014. REUTERS/Anindito Mukherjee(Reuters)

Mallya repaid loans for 40 yrs, can we call him willful defaulter: Gadkari

New Delhi | By Press Trust of India
UPDATED ON DEC 14, 2018 11:46 AM IST
Indirectly blaming the bankers for the NPA mess, Gadkari said our banking system is such that it does not support sick companies.
A Reserve Bank of India (RBI) note based on unaudited financial statements of Scheduled Commercial Banks (SCBs) up to September 30, 2018, suggests that the worst of the non-performing assets (NPA) crisis facing India’s banks might be over and that credit growth may also be back.(REUTERS)
A Reserve Bank of India (RBI) note based on unaudited financial statements of Scheduled Commercial Banks (SCBs) up to September 30, 2018, suggests that the worst of the non-performing assets (NPA) crisis facing India’s banks might be over and that credit growth may also be back.(REUTERS)

RBI note shows worst of NPA and credit growth problem may be over

UPDATED ON DEC 06, 2018 08:07 AM IST
The share of gross NPAs in total advances of banks, both in the public and private sector, peaked in March 2018, and has since declined — in both the June and September quarter of the current fiscal year. The NPA crisis is more widespread in the public sector banks.
Indian-origin woman Shamila Batohi has been appointed head of South Africa’s prosecuting authority.(REUTERS)
Indian-origin woman Shamila Batohi has been appointed head of South Africa’s prosecuting authority.(REUTERS)

Indian-origin woman Shamila Batohi appointed head of South Africa’s prosecuting authority

Johannesburg | By Press Trust of India
UPDATED ON DEC 05, 2018 10:42 AM IST
South African President Cyril Ramaphosa announced the appointment of Batohi, during a nationally-televised address at the government headquarters, the Union Buildings, on Tuesday.
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