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EVERGREENING LOANS
IndusInd Bank faces fresh whistleblower allegationsThe new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial ...
IndusInd Bank shares fall 3% after fresh whistleblower complaint reaches PMO, RBIIndusInd Bank shares fell on Wednesday after a fresh whistleblower complaint was sent to the Prime Minister’s Office, RBI, and other regula...
In times of war: Take a risk or manage it; different, yet same. 6 small-caps from different sectors with upside potential of up to 29%Picking the right stock is easier said than done. Especially when valuations are not cheap and noise levels are high. When we say noise lev...
Give credit where it’s due: Why India’s private debt market shares none of the structural problems driving current US stressIndian private credit is not facing the same issues as the US. US private credit stress stems from fund architecture, not bad loans. India'...
MFI stress now evident: RBI's small-loan fears turning realThe microfinance sector in India is witnessing a surge in bad loans, reaching an 18-month high of 11.6% in the September quarter. This rais...
Get lenders dressing up loans to cut exposure, AIFs tell RBIThese are among the key proposals made by the fund industry body in its representation to the Reserve Bank of India (RBI) in the wake of th...
NBFCs tank 5-10% on tighter AIF normsShares of NBFCs, like Piramal Enterprises, Indiabulls Housing Finance, and Edelweiss Financial Services, fell 5-10% on Wednesday. The Nifty...
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...
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...
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...
ED raids multiple locations in Mumbai, Pune & Surat in ABG Shipyard bank fraud caseAs many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laun...
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.
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...
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 ...
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 ...
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.
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.
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...
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...
- '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...