Overall, from a three- to five-year perspective, prospects of the Indian economy and consequently the banking sector are promising.
Global rating agency Standard & Poor's on Monday revised the outlook for the Indian banking system to 'stable' from 'negative,' but added that risks remain high relative to developed banking markets.\n\n\n\n
In far reaching suggestions to purge the banking industry of bad loans, global consultant PwC said that the govt must allow 100% FDI and a minimum capital of Rs 5 crore for setting up an ARC.
He said unwarranted rumour-mongering, speculation, and bear hammering of all Reliance Group companies shares over the last few weeks had caused grave damage to all our stakeholders.
Banks may approach the government to further strengthen the Securitisation Act, which apparently got diluted with the waiver of a provision requiring defaulters to deposit 75 per cent of the loan
The new legal provisions regarding the foreclosure enunciated in the Securitisation Act will have a "limited impact" on existing non-performing loans in the Indian banking system, according to CRISIL.
Move to accelerate investments; Japan to have a share in corpus
The RBI has issued new guidelines doubling the ceiling to 10 crore for settling non-performing assets of public sector banks.
In a bid to make primary markets more efficient, the Securities and Exchange Board of India on Saturday said listing time gap would be reduced further from 6 days after the IPO currently, while listing will be allowed for security receipts issued by asset reconstruction company.
The government is not in favour of bringing in amendments to prevent misuse of Securitisation law, which facilitates banks and financial institutions to speed up recovery of non-performing assets, estimated at about Rs 1,00,000 crore.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Canara Bank topped the list recovering Rs 638.41 crore (Rs 6.38 billion) from non-performing assets of the total Rs 4,420 crore (Rs 44.2 billion) recovered by 19 nationalised banks by taking advantage of securitisation laws in the last fiscal.
MCA blamed its financial troubles on non-receipt of payments from the Board of Control for Cricket in India for the last 10 months.
Priorities include the amendments of the Companies Act and the Motor Vehicle Act
Non-performing loans in the Chinese banking system stood at RMB 1.27 trillion at the end of 2015.
It's been bright times for banking sector stocks, ever since the passage of the Securitisation Act in November 2002.
The change may give "secure creditors" the first right to auction an asset in order to recover the dues.
The Cabinet approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail of a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.
The Karnataka High Court has rejected a petition by Vijay Mallya-led Kingfisher Airlines Limited challenging the move by a consortium of banks to take possession of its "Kingfisher House" property in Mumbai to realise part of the debts due to them from the airlines.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
Few big ticket road projects will be fast-tracked soon.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
Such measures are expected to further enhance the protection of investors in the securities market
