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BAD DEBTS
Global liquor companies chase Indian state dues of $400 millionAlcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies s...- Global Markets | Australian shares slide as banks, CSL drag; US‑Iran tensions hit risk appetiteBiotech darling CSL tumbled 16% after it slashed its full-year 2026 outlook and flagged a $5 billion impairment. The stock dragged the hea...
- Canara Bank invites bids for Rs 509 crore loan of Rajesh ExportsCanara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move com...
- HCL Tech flags weak Q4, bets big on AI to drive next phase of growthHCL Technologies faced a slower fourth quarter than anticipated. Weakness in its software business and certain service areas impacted resul...
- Global Markets | Australia Inc starts to feel Iran war fallout, raising stagflation riskAustralia's economy faces a stagflationary shock as the Middle East conflict drives up fuel prices. Top companies like Qantas and Westpac a...
- 5 times a personal loan is genuinely smart and 3 times it will ruin your finances
- CAG flags tax irregularities by banks, NBFCsThe audit identified 1,847 observations, including 671 systemic issues and 533 compliance lapses. The largest discrepancies related to impr...
- IBC helped banks recover 52% bad loans: Nirmala SitharamanIndia's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling compan...
- View: Chinese banks have a problem that even $96 billion can't fixThe economic gloom cast by the virus has given banks a reason to bring out the worst of their assets. Under new accounting rules, they need...
- Share of HFCs, para banks in home loan bad debt pile triples in 2 yearsThe overall NBFC credit exposure to the commercial sector may also have come down.
- CVC finds many flaws in sale of bad debt by banksIn at least 48 cases, assets were sold to ARCs below the realisable value of securities that the borrower had given as security at the time...
- China getting serious about bad debtHybrid sales by finance companies had fallen 38% this year; credit analyst Nicholas Yap says banks raising capital to 'tackle higher loan i...
- Recovery of bad debt worries banksBut the bigger issue is the challenge posed by defaulters, who approach multiple legal forums to delay the process of banks initiating acti...
- Stocks of private lenders to tank if Q4 bottom lines come at expense of low bad debt provisioning: Hemindra HazariThe Q4 results of IndusInd Bank took the market by surprise as the lender made less provisioning towards bad debts, points out Hazari.
- China banks seek new lending horizons as bad debts riseWith slowing economy, China's biggest banks turns to mainstay borrowers and courting high industries such as healthcare, food to boost reve...
- RBI begins probe into UBI over mounting bad debtsThe Reserve Bank of India has initiated a special inspection of Kolkata-based United Bank of India, apparently prompted by an alarming rise...
- Heard on the street: Mumbai PSU Bank may see sharp rise in bad loans in Sept quarterThe buzz is that this bank could report slippages of almost 1,800 crore in the July-September quarter.
- SBI NPA provisioning up three-fold between 2008-09 and 2010-11Govt said provisioning against the non-performing assets of SBI increased more than three-fold to Rs 8,792 cr in 2010-11 from Rs 2,474 cr i...
- Bad debts on farm loans pile upAll government banks are reporting an increase in their bad debts on farms loans ranging between 80% and 2000% in the first nine months of ...
- Bad-debt provision dents TCS' profitTCS topline growth for the quarter ended Sept 30 disappointed analysts as the company's bad-debt provision for anticipated defaults from it...
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