Bad Loans
India’s banking sector is bracing for a significant challenge, with a leading global credit rating agency predicting a 25 per cent increase in non-performing assets (NPAs) over the next two fiscal years.
India’s banking sector is bracing for a significant challenge, with a leading global credit rating agency predicting a 25 per cent increase in non-performing assets (NPAs) over the next two fiscal years.
Answering supplementary questions, she said those enthusiastic about knowing the state of the banks’ NPAs, should know the heart of the problem was the ‘phone-banking’ carried on for 10 years in the UPA rule
In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.
Thakur said the government borrowings from market in FY 2020-21 jumped 57 per cent first quarter
Ironically, the inefficient loan recovery system gave promoters tremendous advantage over lenders. Not only could they play one lender off against another by threatening to divert payments to the favoured bank, they could also refuse to pay unless the lender agreed to extend further credit
The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.
The rating agency says the decision will delay the resolution of non-performing loans
Former Finance Minister P Chidambaram on Sunday slammed Prime Minister Narendra Modi for his remarks about bad loans generated during UPA rule.
The Power Ministry had urged the RBI to extend the deadline by six months, but the central bank has rejected the extension request.
Independent asset management companies (AMCs) and steering committees will be set up for faster resolution of the non-performing assets (NPAs),…
