Page 10 - Bad Loans

Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao

Even before the pandemic struck, India's financial sector was going through tough times

Axis Bank posts net profit of Rs 1,683 cr in Sept qtr as bad loans decline

The bank's total income rose marginally to Rs 19,870.07 crore in the second quarter of 2020-21, from Rs 19,333.57 crore in the same period last year, it said in a regulatory filing

Looking at the canary: Do SBI Cards' bad loans have a deeper meaning?

If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan

Yes Bank posts Rs 130 cr net profit in Q2 despite spurt in bad loans

The private sector lender had posted a net loss of Rs 600 crore in the corresponding quarter of previous fiscal.

IDBI Bank Q2 profit at Rs 324 cr; brings down provisions for bad loans

Compared sequentially, the bank registered a 125 per cent jump against the first quarter net profit of Rs 144 crore, IDBI Bank said in release

Centre to frame scheme to waive moratorium interest; SC to hear case today

Waiver may cost Centre Rs 5,000-7,000 crore

Left out in the cold: With no support, NBFCs likely to be in a bind

Non-banking financial companies may well face a second wave of liquidity problems after the loan moratorium is lifted, writes Raghu Mohan

Troubled debt: Cracks emerge in India Inc's loan recast plans over ICAs

Private banks may prefer to make extra 20% provisioning and walk out

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

Govt seeks parliamentary approval for additional Rs 1.67 trn expenditure

The additional requirement includes Rs 40,000 cr for works under MGNREGA and Rs 20,000 cr for bank recapitalisation

Resolving stressed assets

The new package should not be used to kick the can down the road

SC protects loans not declared NPAs till Aug 31 from such action for now

The Supreme Court Bench said if a loan account had not been declared bad as of the end of August, it should not be classified as NPA till the moratorium case was disposed of

Govt must heed Urjit Patel's warning on NPAs, come up with policy response

The former RBI governor has served a warning on the intractable problem of bad loans

China's battered banks brace for future loss as bad loans rise due to Covid

As the pandemic batters economies globally, BoC, the most international of China's large state banks, said it would keep guarding against global financial market risks in the second half

HDFC Bank bad loan ratio may widen to decade high, says CEO-designate

The bad-loan ratio might widen to 1.4% to 2%, which will be close to the highest level since the global financial crisis, Sashidhar Jagdishan said in a conference call with analysts on Friday

Indian PSBs face fresh capital shortages as coronavirus bites: Moody's

Uncertainty surrounding India's economic recovery and the ongoing clean-up of balance sheets are making it difficult for banks to raise equity capital from markets, it says

Efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank

IOB, which is under the Reserve Bank of India's PCA framework, had last posted profit in June 2016

Banking crisis could dent investor confidence

But bear in mind that the government will surely organise a bailout in such a scenario

Exxon loses $1 bn in second quarter as oil use dries up amid lockdown

The Irving, Texas-based oil giant brought in $32.6 billion in revenue during the second quarter, less than half of what it brought in at the same time last year

UCO Bank Q1 net profit at Rs 21.5 crore on lower bad loan provisions

Public sector UCO Bank on Friday posted a net profit of Rs 21.46 crore in the first quarter ended June 2020 on lower bad loan provisions.