New SDR norms allow promoters to manage debt-laden firms.
The government holds stakes ranging from 56% to 84% in 27 state-run banks.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
Foreign Banks operating in India have outpaced domestic banks, both private and PSUs, in reducing the level of non-performing assets, a study has revealed.
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
2016 is difficult to predict, and this uncertainty will drive volatility in global markets.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
One of the reasons why the TMC decided not to demand a JPC is that the chairperson and most of its members would be from the BJP, he said, adding JPC means putting the issue under the carpet.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
'With 27 days to go, the total bank deposits has come tantalisingly close to the Rs 14 lakh crores of banned notes which was in the financial system on November 8.' 'Black money hoarders may have actually laundered their black money into white,' argues Rajeev Sharma.
Mutual funds, bonds, PPFs, equity and real estate are some options which offer varying rates of return.
On paper, though, PBKS looks a tad more stronger than KKR.
Moody's expects that India will record the GDP growth of around 7.5 per cent in 2015 and 2016.
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
HDFC Bank Q4 net rises 21% to Rs 2,806.91 crore.
Budget 2015 has blessed the banking sector.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
There are NPAs on account of the industrial downturn in sectors like steel, infrastructure and power.
The RBI has been critical of banks for using restructuring schemes to hide the stress.
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
The country's biggest bank SBI on Wednesday posted a 55 per cent rise in standalone net profit at Rs 6,504 crore for the first quarter of the current financial year, helped by decline in bad loans. The lender had reported a net profit of Rs 4,189.34 crore in the April-June quarter of 2020-21. State Bank of India's (SBI) standalone total income increased to Rs 77,347.17 crore in the first quarter of 2021-22 as against Rs 74,457.86 crore in the same period a year ago, according to regulatory filing.
The long wait for realisation makes lenders averse to security receipt transactions. Instead, they have been insisting more on cash, even though valuations of bad assets are generally lower in case of cash deals than those involving SRs. While in deals involving SRs stressed assets are valued at 30 per cent on an average, in cash deals they are valued at 20 per cent, depending on the quality of the assets.
It also named bosses for Bank of India, IDBI Bank Ltd and Punjab National Bank from within the state sector
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
Union Finance Minister Arun Jaitley is set to present the Budget next month.
Banking on better credit growth prospects alone may not be the right strategy as far as investing in bank stocks are concerned.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
The cumulative loss of 20 state-run lenders stood at Rs 14,000 crore during Q4
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
The country's largest lender SBI on Friday reported an 80 per cent surge in standalone net profit at Rs 6.450.75 crore for the fourth quarter ended March 2021, aided by decline in bad loans. State Bank of India (SBI) had registered a profit of Rs 3,580.81 crore during January-March period of 2019-20, the lender said in a regulatory filing. Total income of the bank during the March quarter of the last financial year rose to Rs 81,326.96 crore, from Rs 76,027.51 crore in the same period of 2019-20.
Analysts were expecting the government to propose higher capital infusion for banks.
However, the norms have become extremely stringent. The overall tight situation in the credit market has hit consumers quite badly.
RBI had rescheduled the starting date for its implementation.
Amid stiff competition from private and foreign players, the country's 27 public sector banks logged 35 per cent growth in profit at Rs 16,546 crore (Rs 165.46 billion) while their bad assets fell below 3 per cent during 2003-04.
Just 40 per cent of India Inc's forex loans are hedged.
Banks face the grim possibility of a chunk of the unhedged loans turning bad.
It's time to re-examine government's role as owner of banks,
Total income of the bank improved to Rs 13,852.1 crore (Rs 138.52 billion).
Non-Performing Assets are a wake-up call for public sector banks.
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances