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Friday, November 1, 2024
TopicBad Loans

Topic: Bad Loans

Altico Capital is latest NBFC to default on debt repayment & add to India’s credit crisis

Altico Capital, which focuses on lending to the real estate sector, didn’t pay Rs 199.7 lakh crore of interest on borrowings from a UAE bank.

Cash crunch will worsen India’s bad loans mess, already the worst in the world

Failure to slash stressed assets, cash crunch in NBFCs, delays in bankruptcy process are adding to challenges faced by banks as they tidy up balance sheets.

Modi govt creates bank behemoths but Q1 growth slump dampens the mood

Modi govt is counting on larger and healthier banks to spur fresh credit and revive growth that came in far lower than economists expected.

Personal loan defaults become a worry after Indian unemployment rises to 45-year high

Credit analysts are signalling potential risks in personal loans following the slowdown in the economy and a drying-up of credit from shadow banks.

India’s first overseas debt bond sale is failing

India’s first planned foray into the overseas bond market may be stillborn due to its historical aversion to borrowing in foreign currencies.

Kotak Realty Fund warns of a $65 billion bad-loan crisis, recommends lenders cut credit

A delay in lending to residential projects is adding to the mounting default risk, with as many as 5.60 lakh homes worth Rs 4.5 lakh crore stuck in top cities.

Yes Bank founder Rana Kapoor’s wealth shrinks by $1 billion

Rana Kapoor owns little over 10% of Yes Bank whose capital buffers have weakened and bad loan ratio widened.

Yes Bank shares drop 20% after profit misses estimates on bad loans

Yes Bank reported a profit of 12.6 billion rupees in the June quarter. It has set aside 17.8 billion rupees as bad loans provisions.

Bad loans of commercial banks down to Rs 9.34 lakh crore in last fiscal, says Sitharaman

Finance Minister Nirmala Sitharaman said the govt has instituted a comprehensive 4R's strategy to reduce bad loans of banks.

SEBI, ED and CBDT – the new hurdles in Modi govt’s war on bad loans

A spate of legal challenges mounted by SEBI, ED & CBDT are derailing a 270-day resolution deadline set by the insolvency law.

On Camera

Iran’s real fantasy is to take over Muslim world. Palestine is just a façade

Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.