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EVERGREENING OF LOANS
Exempt selectively sovereign funds, RBIRBI has also eased some of the new provisioning rules for bank and NBFC investments in AIFs. Lenders are now required to provide only for t...25 Jun, 2024, 10.46 PM IST- EY to audit 51 lakh microfinance accounts of Bandhan BankBandhan Bank managing director Chandra Shekhar Ghosh has denied about any irregularity in those accounts and evergreening of loans. "The au...13 Feb, 2024, 10.33 PM IST
- ET analysis: Is evergreening of loans evergreen?For years, 'evergreening of loans' - throwing new loans to help a stressed or delinquent borrower repay old loans - has worried the regulat...21 Dec, 2023, 12.04 AM IST
- Tighter norms for investment by banks in AIFsHFCs could see some pressure to either divest or fully provide for some assets as some of them have investments in AIFs, and those funds ha...20 Dec, 2023, 07.35 AM IST
- RBI seeks action against PFS Chief over alleged violationsThe central bank, which went into the allegations by directors who quit complaining that the management was not cooperating to put the hous...13 Jan, 2023, 10.59 AM IST
- Resignations at PTC India Financial Services put focus on governanceThree independent directors have resigned since November 22 amid allegations of mis-governance at the company. Independent directors Jayant...14 Dec, 2022, 06.05 AM IST
- IndusInd Bank whistleblower case: Stock dives 12% but analysts unfazedIndusInd Bank stock hit a low of Rs 1,050.55 on BSE on Monday morning, down 12 per cent.08 Nov, 2021, 11.23 AM IST
- Indusind Bank says whistleblower claims baseless; gave 84,000 loans sans client consent in MayAt the end of September, 26,073 of these 84,000 clients were active with the loan outstanding at Rs 34 crore, which is 0.12 per cent of the...06 Nov, 2021, 12.42 PM IST
- YES Bank, LVB events show RBI did not identify 'evergreening', shows Eco SurveyThe economic survey went on to add the audits conducted by the RBI failed to capture the evergreening at Yes Bank and LVB. Yes Bank had to ...29 Jan, 2021, 06.27 PM IST
- Yes Bank behind ‘evergreening’ of loans: Former HDIL executiveThe executive claimed that Mackstar Marketing, a joint venture between HDIL and DE Shaw Group, was the conduit used to evergreen the loans ...22 Oct, 2020, 09.43 AM IST
- IFIN group lending: BSR says it had sought clarity from RBIBSR said the investigators had made false allegations against the auditors without understanding accounting principles and regulations.21 Jun, 2019, 06.59 AM IST
- SFIO shows grey areas in IFIN evergreeningMost of the exposure to A2Z Group was rolled over for three years and planned to be migrated to a special purpose vehicle formed for the Ka...11 Jun, 2019, 09.21 AM IST
- Auditor’s dilemma: When is evergreening a fraud?Evergreening is a ploy to mask loan default by giving new loans to help delinquent borrowers repay old loans.10 Jun, 2019, 06.43 PM IST
- IFIN case: Deloitte ignored RBI rules, finds SFIO probeDeloitte had disregarded the RBI's regulations and turned a blind eye to IFIN’s 'evergreening' of loans.08 Jun, 2019, 08.30 AM IST
- Chidambaram slams Modi; seeks details of bad loans under NDAIn a series of tweets, the senior Congress leader also questioned why the present dispensation did not recall those loans, given by the pre...02 Sep, 2018, 11.42 AM IST
- Banks should desist from evergreening of loans: Yashwant SinhaSinha cautioned banks to desist from blatant evergreening of loans or restructuring of debts as it was not good for the health of financial...05 Jun, 2015, 05.18 PM IST
- 'NPA-hit banks turn to evergreening of books'The pressure of rising bad debts is prompting banks to find innovative ways to disguise stress loans - a move which could impact banks' bal...28 Aug, 2012, 03.18 AM IST
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