Stressed Loans

The Mumbai-based shadow lender intends to complete the sale of the stressed assets by August 27

To raise fresh capital upto Rs 200 crore

After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees

Former RBI Deputy Governor R Gandhi appointed as Yes Bank's non-executive chairman

In September last year, the government had announced a guarantee worth Rs 30,600 crore to security receipts issued by NARCL. The guarantee will be valid for five years

This is being termed the single-largest bad loan deal

By current assessment, lenders have a total of 38 accounts involving aggregate loans of Rs 83,845 cr, which have been identified for transfer, says Dinesh Kumar Khara

The International Financial Services Centres Authority on Friday sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC.

An increase of up to 80 basis points is expected in the case of housing finance companies, taking the NPA level to 3.8%

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Say stimulus measures will spur economic activity, especially in construction and infra sector

Overall numbers bettered expectations, rising pool of stressed loans may be the tricky aspect

Say loans may not immediately turn into bad debt, but a big chunk of it eventually could

The fresh set of guidelines, which will usher in a stricter compliance regime, is in the works and could be in the public domain by end of March

Resolution plans were to be implemented within 180 days from the end of the one-month review period

Gill exuded confidence that the bank does not see any jump in this book in the future, but conceded that it was keeping a similar outlook earlier as well.

The new framework makes inter-creditor agreements mandatory and provides for a majority decision to prevail, he said

Lenders will have to submit weekly report of instances of default by all borrowers with aggregate exposure of Rs 5 crore and above

In the February 12 circular, issued to all banks and financial institutions, RBI withdrew all earlier debt restructuring schemes

Private sector lenders' stressed loan pile was about Rs 1.1 trillion, or 4.6% their total loans