Topic: Bad Loans
10-year-low interest rates, discounts — Banks, builders pin hopes of revival on festive season
In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.
HDFC to double retail loans as consumer demand picks, Covid uncertainty declines
HDFC's retail loans grew around 9.3 per cent slower than its overall book's 14.4% in the June quarter, much lower than SBI (16.5%) & ICICI (20%) growth in that portfolio.
Govt’s Bad Bank plan may only be a band-aid, doesn’t push banks to improve lending practices
ThePrint view on the most important issues, instantly.
Cabinet approves proposal to provide Rs 30,600 crore govt guarantee for bad bank
The proposed bad bank or NARCL will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be government-guaranteed security receipts.
Modi govt finally sets up bad bank hoping to tackle NPA mountain, boost credit flow
The bad bank was registered as the National Asset Reconstruction Company Ltd with Padmakumar Madhavan Nair as the MD. Its paid-up capital is Rs 746 million.
Rs 2 lakh crore – that’s how much debt India’s bad bank opening this month will handle
By housing bad loans of many lenders under one roof, the new entity should help speed up decision-making and improve bargaining power when resolving these assets.
RBI allows takeover of PMC bank by Centrum Financial Services to set up small finance bank
In September 2019, RBI had placed PMC under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities.
Modi govt’s bad bank plan sparks fear that loan prices could be inflated
Market participants say they’ll be closely watching whether bad bank plan could wind up inflating the price of distressed assets.
Bad loan problem is worse than what official numbers show
Most banks have reported a smaller percentage of bad loans on their books in the last quarter. Here’s a look at the full extent of the problem in selected financiers.
A surge in bad loans is set to worsen India’s NBFC crisis
NBFCs fund a wide range of businesses. Any setback would not bode well for an economy already heading for its worst annual contraction since the 1950s this financial year.
I served in Nagaland during the peak of insurgency and without AFSPA
Despite the Nagaland Peace Accord signed in the presence of PM Narendra Modi, AFSPA continues to exist. And we call ourselves mother of all democracies.
Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?
Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.