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NPA INFORMATION SHARING
These 7 private and public banking stocks have an upside of up to 26% in one year, according to analystsWhen it comes to banking, remember this: PSU and private banks have different kinds of loan books; at the end of the day, however, both ope...
Banks flag bad loans, rising fraud in SHGsBanks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique regis...
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
DFS is seeking lender data on war-hit SMEsPeople familiar with the matter told ET that banks have been asked to provide details on sectors affected, like the Morbi-based ceramics in...
PNB shares in focus after reporting Rs 270 cr borrowal fraud to RBIPNB shares have experienced a notable decline over the past year, falling by 29.43%. In the last six months, the drop has been 18.75%, and ...
Punjab and Sind Bank classifies MTNL accounts as non-performing assetsPunjab and Sind Bank (PSB) has notified that Mahanagar Telephone Nigam Limited (MTNL) accounts are now classified as Non-Performing Assets ...
Public sector banks' NPAs on Mudra loans fall to 3.4 pc in 2023-24: SitharamanFinance Minister Nirmala Sitharaman announced that public sector banks' non-performing assets (NPAs) for Mudra loans declined to 3.4% in 20...
Delhi HC asks PNB consortium of lenders to upgrade Jindal India Thermal Power's NPA status to standardThe Delhi High Court has ordered a consortium of 13 lenders, including Punjab National Bank, to upgrade Jindal India Thermal Power's non-pe...
Banks open to exploring a pact on sharing default info with rating firmsFor the first time, leading banks have said they are willing to explore an arrangement for sharing some information on corporate defaults w...
Shriram Transport plunges 7% after multiple block dealsFidelity, Capital, Eastspring and SBI MF are likely buyers of STFC shares.
CoCs must share all info on NPA accounts with bidders: IBBIThe IBBI Chairperson said that this is also important to prevent companies from going into liquidation as this should only be the last opti...
Steep rise in bad loans in Education sectorThose studying nursing courses formed 21.28% of the total education sector bad loan portfolio.
RBI refuses to give info on NPAs, loan defaulters to SEBIThe banking regulator’s reluctance to do so stems from the prospect of the data leaking as it becomes known to a wider set of people.
Undeclared NPAs in FY18 still at Rs 3 lakh croreRBI norms require lenders to start NPA proceedings under the cross-default clause even if the delinquency is in respect of another loan.
Sebi asks listed companies to inform bourses on loan defaultThis would come into force from October 1, the Sebi said in a circular.
Invest through SIPs in banking sector fundsVinay Sharma, fund manager, ICICI Prudential AMC, says the preferred way to enter a sector theme would be through SIPs rather than lumpsum ...
Funds diversion into unrelated activities fueling NPAs: StudyDiversion of funds by corporates to unrelated activities through fraudulent means is one of the reasons for the rising non-performing asset...
Over Rs 3,350-cr worth NPAs with Union Bank of Indianion Bank of India has Non- Performing Assets (NPAs) worth about Rs 3,350 crore from 20 defaulters.
Cut banking channels of willful defaulters, says Reserve Bank of IndiaChakrabarty said banks should make use of the credit information bureau to share details of willful defaulters and shun them entirely.
RBI directs banks to share information to check rising NPAsThis announcement comes at a time when the banking sector is seeing a surge in corporate debt restructuring and rising bad loans.