Page 2 Bad Loans: Latest News and Updates, Top Stories, Videos, Photos About Bad Loans

Bank of India Defers QIP Plan Of Rs 3,000 Crore

The state-run lender Bank of India has deferred its plan to raise capital through the QIP route as the government decides to infuse Rs 2,257 crore capital into the bank. As reported to the PTI, BoI Managing Director Dinabandhu Mohapatra ...

Defaulters Owe 27% Of Total Bad Loans To SBI Alone, PNB Next

Country's largest lender SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters. As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31, ...

What Does Debt Restructuring By Banks In India Mean?

In India, bad debt on loans is mounting. In fact, bad debts in the banking sector have reached alarming proportions and banks are facing some of the most challenging times in handling bad debts. You can increasingly hear banks either engaging ...

NBFCs' bad loans jump to 1.9% in FY14; advances growth down 57%

Domestic rating agency Icra on Wednesday said retail-focussed non-bank lenders have witnessed a surge in asset quality issues during the fiscal ended March and the troubles are likely to continue in FY15 as well. The agency said delinquencies due for ...

FinMin directs banks to deal firmly with fraud, wilful default

New Delhi: As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action against those responsible. "Cases of fraud ...

Bad loans and recast debt set to rise, PSU banks most affected

International rating agency Fitch said the level of stressed loans of domestic banks, including restructured debt, may continue to rise and reach 15 percent by the end of this financial year from over 10 percent in 2013-14. "Fitch expects ...

Take stern steps to recover loans from wilful defaulters: P. Chidambaram

Concerned over the mounting level of bad loans, Finance Minister P Chidambaram today asked banks to take stern steps to recover advances from wilful defaulters."So banks must pay attention to the portfolio of non-performing assets, identify the wilful defaulters, take stern ...

RBI tightens norms for credit card issuers on minimum dues

Mumbai: Tightening norms for credit card issuers, RBI on Friday asked banks to treat outstandings as bad loans in case customers fail to pay the minimum due amount within a stipulated 90 period. With a view to bringing consistency and ...

RBI launches discussion paper on NPAs

Mumbai: To contain rising bad loans, the Reserve Bank on Tuesday proposed a slew of measures, including incentives to lenders for coming together and tackling an account timely and penalising borrowers with higher interest rates in future for not cooperating for ...

Defaulters may have to pay higher rates, warns RBI

Concerned over rising bad loans, the Reserve Bank today said it could consider making future borrowings more expensive for willful defaulters. Speaking at the Delhi Economic Conclave here, Reserve Bank of India (RBI) Governor Raghuram Rajan said the central bank will ...

Net bad loans of 40 banks soar 38% to Rs 1.3 trillion in H1

Mumbai: The net bad assets of the 40 listed banks have jumped 38 percent to Rs 1,28,533 crore during the first half of this fiscal, from Rs 93,109 crore at the end of the last fiscal, and is likely to cross ...

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