Bad Loan

Public sector lender Punjab & Sind Bank on Saturday said its net profit rose 27 per cent to Rs 278 crore in the second quarter of FY23 on the back of reduction in bad loans. The bank had reported a profit of Rs 218 crore in the year-ago period. Total income of the bank during the July-September quarter of FY23 rose to Rs 2,120.17 crore against Rs 1,974.78 crore in the corresponding period of FY22, Punjab & Sind Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) declined to 9.67 per cent of the gross advances at the end of September 2022 from 14.54 per cent during the same period a year ago. In value terms, the gross NPAs (bad loans) of the Delhi-headquartered bank stood at Rs 7,128.45 crore by the end of Q2FY23, as against Rs 9,822.80 crore in Q2FY22. Net NPAs also came down to 2.24 per cent from 3.81 per cent in the second quarter of previous year. As a result, the bank's provisions for bad loans and contingencies declined to Rs 125 crore for the .

Murugappa group's financial services unit says bad loans are down and it expects AUM to grow 25% this financial year

'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed'

Fall in non-interest income, rise in bad loan provisions drag down company's net

Bank's total income during April-June period of 2022-23 rose by 40 per cent to Rs 1,000.42 crore, as against Rs 714.67 crore in same quarter of 2021-22, Ujjivan SFB said in a regulatory filing.

His appointment raises questions because ex-PSB bankers have historically taken over as heads of financial institutions with weak asset quality and governance

The bank trimmed its bad loans proportion with the gross non-performing assets (NPAs) declining to 4.70% of the gross advances as of March 31, 2022, as against 5.11% in the year-ago period

SBI Cards and Payment Services on Monday reported 84 per cent jump in net profit at Rs 386 crore for December quarter 2021-22 on the back of healthy card spends, fall in bad loans and higher income

This has been a bad loan account for more than three years

Case related to bad loan, sale of NPA at low value

It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road

Private sector Dhanlaxmi Bank on Monday posted a 69 per cent decline in its net profit at Rs 6.09 crore for the first quarter ended June 2020 due to higher provisioning.

The government is discussing increasing timeline by 30-60 days to classify a loan as a bad loan, the source said

The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19

The failure to slash stressed assets is undermining India's efforts to revive economic growth that has cooled to a six-year low

The windfall treasury profits come as a relief for lenders staring at a potential surge in bad loan provisions due to a slowing economy and a cash squeeze in the nation's shadow banking system

So far, lenders have recovered the equivalent of about $11 billion, or about 43 per cent, of the $25 billion in dues admitted by courts in 94 cases of default, according to a Crisil report

According to the report, close to 40 per cent of the gross credit exposure of Indian banks is in sectors where water risks are significant

RBI has started flip-flopping, it'll become that much easier for the tycoons to rewind the credit culture - back to the debtor-friendly show it always was

Bad loans of over Rs 5 billion will be dealt with through multiple asset management companies