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NPA MESS
Why is CIC’s notice to RBI on NPA mess creating a flutterAccusing RBI of hiding names of high-profile loan defaulters, CIC has said that the central bank must adhere to a Supreme Court order manda...- Govt has "almost" cleaned the NPA mess: OfficialThe official observed that the government has tried its best and already put in place necessary policy measures to bring about financial st...
- 'Phone banking' by Congress ruined the banks: Modi makes startling revelation about NPAsModi said banks were looted during the Congress rule and it was the Congress government that laid the NPA landmine for Indian banks.
- Will the NPA black hole suck in the country's entire banking system?With barely nine months to go before the Lok Sabha election, how serious is the crisis in our banking system? Put simply, it is not going t...
- Stressed assets are a carry forward legacy of the previous regime: Piyush GoyalBanking in olden days had a lot of promoter credibility, stated Goyal. He admitted that the government implemented core banking reforms but...
- Investors should focus on banks with a comfortable NPA level: G ChokkalingamIt's unfortunate that the frauds are happening at the peak of NPA issues for PSBs, he said.
- Between the frying pan and fire: NPA mess leaves Modi with few choicesHow much the Opposition’s slings and arrows would hurt Modi government would be in direct proportion to the extent of the haircut the banks...
- Banking sector stares at additional Rs 40,000 cr NPAsBanks are already saddled with NPAs of over Rs 8L-cr and there seems to be no respite from the mounting bad loans.
- Why did Modi govt take 3 years to address NPA, stalled project issues, asks Yashwant SinhaIn 1998, he said there was a bigger NPA crisis but he took a series of steps as a result of which the problem ceased to exist.
- Banks with high NPAs to have a tough time over next 2-3 years: Parag Jariwala, Religare CapitalIf you look at the banks which are incurring losses for past two quarters, the net NPA is more than the net worth
- Prefer Cadila Healthcare and Lupin from pharma space: Vinod NairUS government’s intention to bring down drug prices and price control measures is providing a muted outlook for the sector, says Head of Re...
- Welcome to a $119 billion bad debt mess, Mr Patel! You have the task cut outThe man, who has closely worked with Raghuram Rajan, will inherit a $119 bn pile of bad debt from him when he is welcomed to Mint Street.
- RBI always tries to balance between supporting growth and restraining inflation: D Subbarao, Former RBI GovernorGovernor Rajan’s legacy is so rich and so immense and so adoring that it is difficult to encapsulate it
- Former RBI Governor D Subbarao admits to 'inaction' for NPA mess"NPA problem is getting bigger than any of us has thought it might be. Looking back at the benefit of hindsight, I believe I should have ad...
- NPA mess a key challenge: Arun JaitleyHe also said that due to better monsoon, the government is expecting higher production this year compared to previous years, which will eas...
- Pricing panel to fix NPA mess is a step in the right direction: Rana Kapoor, Yes BankSomething like this could have come in earlier, but it is better late than never.
- Pricing panel to fix NPA mess makes no sense: Mythili BhusnurmathA pricing committee does not make any sense at all because ultimately if you allow bankers to function as commercial entities, says Bhusnur...
- ICAI says banks selecting own auditors behind NPA messAmid worsening bad loans scenario at the lenders, ICAI today blamed the current system of banks appointing its own auditors.
- 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...
- NPA cycle has peaked out for SBI: Prakash DiwanSBI is more of a proxy to what happens to the quality of credit in the country.
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