We need to be clear about what 'recovery' means
With apex court's backing, banks to speed up enforcing personal guarantees
Plea in SC claimed around Rs 1,900 crore are lost every day due to PSBs not invoking personal guarantees of big corporate loan defaulters.
Without regulatory intervention, slippages could surge 300 bps
Notably, 97-98 per cent of the customers under moratorium have no overdue and have received their salary, indicating no major concern
The lockdown has significantly impacted the cash flow position of NBFCs' borrowers
Firms from the aviation, hospitality, and retail sectors are expected to be allowed to avail of the new scheme
On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps
The virtual meeting of the central board will be its first since the outbreak of Covid-19
The bank clocked a profit of Rs 251.79 crore in January-March 2018-19. In December quarter also, there was a profit of Rs 105.52 crore.
Here's a selection of Business Standard opinion pieces for the day
Bank balance sheets would need to be quickly repaired
Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.
RBI could ask banks to reward customers who do not default by giving a discount at the end of the loan's tenure
Chinese lenders recorded rising soured debt and shrinking net interest margins, a gauge of banks' profitability, amid the economic impact from a prolonged pandemic
Credit costs could touch Rs 2.7 trillion
A bad bank will do nothing to solve the problems
The coronavirus pandemic is expected to result in a rise in non-performing assets (NPAs) despite relief measures
From US-China talks to end trade deadlock, to FDA nod for Moderna drug's Phase-II trials, and an Amsterdam restaurant with 'quarantine greenhouses' - read these and more in today's world dispatch
While high NIMs put the bank's pricing power in good light, some reversal is expected in FY21 due to surplus liquidity, change in mix and a likely rise in bad loans