Wednesday, 17 August, 2022
TopicBad debts

Topic: bad debts

Kotak Mahindra Bank posts 10% decline in profits as it steps up provisions for bad loans

Suvashree Ghosh -
Indian banks are bracing for a surge in bad debts as an economic lockdown triggers mass unemployment and leaves many companies facing bankruptcy.

RBI injected liquidity after Franklin funds crisis but banks are still not borrowing

Rahul Satija -
Lenders have borrowed only about 5% of an RBI emergency funding line as they grapple with rising bad debt amid the coronavirus pandemic & lockdown.

Modi govt’s plan to sell yen debt has one more hurdle: It’s too much

Chikafumi Hodo -
The size of yen global bonds Modi govt plans to issue may have to be revised as it could be too much for Japanese investors to stomach.

RBI cracks down — banks fined Rs 109 cr this year, up from Rs 96 crore in 2018

Remya Nair -
The penalties imposed on commercial banks by RBI in the first seven months of this calendar year are 395 per cent higher than the total for 2017.

India’s biggest convertible-note defaulter Suzlon misses deadline to repay $172 million

Anurag Joshi -
Suzlon Energy has slumped after India’s shift to auctions for building wind projects increased competition and diluted the company’s market share.

Andhra Bank, SBI, UBI among top PSU banks with over 70% NPA from industry in FY19

Remya Nair -
Finance ministry data shows Andhra Bank had highest share of industry bad debts at 86%. UBI and Indian Bank followed at 78% and 74%, respectively.

NBFCs have a new crisis coming with huge wall of maturing debt

Anurag Joshi -
NBFCs have a record Rs 1.1 trillion of local-currency bonds due next quarter, according to data compiled by Bloomberg.

Fund manager who predicted India’s credit crisis still sees risks

Subhadip Sircar -
A string of corporate defaults suggests worst of the liquidity shortage & soaring funding costs could come back, according to IDFC’s Suyash Choudhary.

On Camera

YourTurn

Opinion

Pakistan: Imran Khan's Instagram account hacked, doubious crypto link posted

Imran Khan’s becoming costly for Pakistan govt. But army won’t completely remove him from scene

Ayesha Siddiqa -
Imran Khan is so tuned into Pakistan’s domestic politics, he sees foreign policy more as a ploy. That’s why he can surprise his rally audience with a Jaishankar video.
Prime Minister Narendra Modi addresses the nation from the rampart of Red Fort on the occasion of 76th Independence Day, in New Delhi Monday | ANI/Sanjay Sharma

In the debate over freebies, India is forgetting it traded rule of law for welfare services

Emissions rise from chimneys at the Turow coal-powered power plant | Representational image | Photo: Bartek Sadowski | Bloomberg

Carbon market in India is long time coming. But Modi govt can learn from these mistakes

Economy

India’s ‘salaried class’ shrank during Covid, Muslims hit hardest, govt data suggests

Nikhil Rampal -
India’s salaried class shrank by 2.7 percentage points during pandemic, govt’s Periodic Labour Force Survey (PLFS) shows. But data for religious minorities, women is even bleaker.

Defence

The two frigates under construction at Yantar shipyard in Russia | Snehesh Alex Philip | ThePrint

Not dependent on Ukraine for engines, want to be part of Make in India initiative, says Russia

Snehesh Alex Philip -
India had procured gas turbine engines from Ukraine & handed over to Russia to install them on the Admiral Grigorovich-class guided-missile stealth frigates being made for the Navy.

National Interest

NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Shekhar Gupta -
Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.

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