Tags » Economic Times

At Rs 4 lakh crore, bad loans exceed market value of PSU banks

NEW DELHI: For every Rs 100 parked in shares of public sector banks, investors carry the burden of Rs 150 as bad loans, which have cumulatively ballooned to Rs 4 lakh crore or 1.5 times the market value of these lenders. 805 more words

Changes in recovery law to expedite disposal of 70k NPA cases

NEW DELHI: Far-reaching changes in the loan recovery law will help expedite disposal of over 70,000 pending cases involving more than Rs 5 lakh crore and ease the NPA situation, official sources said. 344 more words

NPA norms to keep exerting pressure on banks' profit: RBI Deputy Governor S S Mundra

MUMBAI: Reserve Bank guidelines on providing adequate provisioning to cover bad loans would continue to put pressure on banks’ profitability for some time, even though some banks are witnessing reduction in proportion of NPAs, … 364 more words

NPA growth is slowing, but still a worry; RBI open to idea of creating a bad bank

Mumbai: The Reserve Bank of India is open to creating an agency to hold non-performing assets of banks, an idea most recently highlighted by chief economic adviser Arvind Subramanian, to relieve the banking sector of its biggest burden. 402 more words

Focus on NPA recovery; disclosure of defaulters' names less important: SC

NEW DELHI: The Supreme Court on Friday asked the government to focus on the recovery of nonperforming assets at banks and tighten rules to ensure that the problem does not recur, shifting the focus of the debate from naming the big defaulters. 355 more words