non performing assets
I'm looking forward to best in class quality but strong Indian owned and controlled financial sector and while we must attract foreign capital, we must ensure that there is no colonialisation of Indian finance, I'm looking forward to best in class quality but strong Indian owned and controlled financial sector and while we must attract foreign capital, we must ensure that there is no colonialisation of Indian finance, Uday Kotak said. (Photo: File)
'Kotak Mahindra Bank best suited to acquire Yes Bank'
17 Dec 2019 1:49 PM

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish Kumar.

Minister of State for Finance Anurag Thakur said that any complaint received in respect of implementation of the PMMY, including turning down of loan applications, delay in turn-around-time (TAT) and lenders' insisting on collateral/guarantor on certain occasions, are redressed in coordination with the respective banks.
Nearly 3 per cent of Mudra loans turn into bad loans: Govt
03 Dec 2019 4:22 PM

Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.

Homebuyers are advised to reach out to their respective lending institutions to seek necessary guidance for additional borrowing or revival of their existing home loans within the existing legal and regulatory framework and standard board approved policies of the lending institutions, said the frequently asked questions (FAQs) issued by the finance ministry in this regard. (Representational image)
Rs 25,000-cr fund not for projects with cases pending in higher courts: Govt
07 Nov 2019 5:51 PM

Homebuyers can approach banks for loan revival, advised the Governmant.

All India Bank Officers' Confederation joint general secretary Sanjay Das said reducing the government's stake in PSBs to below 50 per cent to take the bankers out of CVC ambit is no panacea. (Photo: Representational)
Diluting govt stake below 50 per cent in PSBs no solution: Unions
01 Nov 2019 2:21 PM

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

ICICI Bank witnessed an improvement in asset quality as gross non performing assets (NPAs) fell to 6.37 per cent of the gross advances by the end of September 2019, from 8.54 per cent a year ago.
ICICI Bank rises 2 per cent after Q2 results
29 Oct 2019 2:02 PM

The ICICI Bank scrip rose 1.95 per cent to Rs 478.60 -- its 52-week high -- on the BSE.

Finance Minister Nirmala Sitharaman. (Photo: File)
No stressed MSME loan to be declared NPA till March 2020: FM
19 Sep 2019 8:23 PM

FM said banks have been asked to follow that circular and not declare any stressed MSME loan as NPA till March.

Despite the setbacks, Yes Bank, however, maintained its credit cost guidance at 1.25 per cent for the entire year, stating that the same stood at 0.32 per cent for the first quarter.
NPA troubles continue for Yes Bank; June net down 92 pc
17 Jul 2019 6:52 PM

The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.

Public sector banks, which account for over 80 per cent of the NPAs in the system, alone could see gross NPAs climb down over 400 bps to approximately 10.6 per cent by March 2020, from a peak of 14.6 per cent in March 2018. (Photo: Representational)
By March 2020, banks’ gross NPAs to reduce to 8 per cent
27 Jun 2019 2:02 PM

The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.

"There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster," Injeti Srinivas said.
Imminent crisis in NBFC sector: Corporate Affairs Secy
12 May 2019 5:09 PM

The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.

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