scorecardresearch
Friday, March 29, 2024
TopicBad Loans

Topic: Bad Loans

ICICI and Axis bank hit after cut to junk

Performance of Indian banks has largely bottomed out but the sector is still addressing poor asset quality and weak core capitalization.

Modi govt’s MUDRA is feeding dreams of your local beautician, grocer… and bad loans

Launched in April 2015, MUDRA has managed to meet the aspirations of entrepreneurs across India. But it may also be fuelling an NPA crisis.

Supreme Court striking down RBI circular will alter India’s financial & judicial landscape

Supreme Court has made bankruptcy code the RBI’s second option for resolving bad loans, and abandoned the long-held ‘expert body doctrine’ in jurisprudence.

RBI will issue new circular on stressed assets without ‘undue delay’: Shaktikanta Das

Two days after Supreme Court quashed RBI’s 12 February circular, governor Shaktikanta Das says ruling doesn’t question central bank’s powers.

Essar case shows Bankruptcy Code is another Indian law ruined by endless litigations

The right measure to evaluate the IBC is not the yardstick of what happened under SICA or DRT laws, but what is happening now – a 270-day deadline for resolving cases.

India’s crony capitalism claims another victim — the RBI

There has been a gradual weakening of the RBI, which is a great shame since in the brief time it got to play bad cop, the central bank did some good police work.

SC ruling on bad loans is a bounty for 70 tycoons with $55 billion outstanding debt

SC order striking down RBI circular will give tycoons more room to negotiate loan repayments with lenders even after payments become overdue.

Edelweiss raises $1.3 billion to profit from an unprecedented bad-loan clean up in India

The company will use the funds to buy and turn around stressed assets

PMO says RTI plea seeking details of Raghuram Rajan’s report on bad loans is a roving enquiry

Praveen Kumar, under secretary at the PMO, said that the information sought does not come under the definition of information in the RTI Act.

5 reasons why the RBI and Modi govt are at loggerheads

From a banking crisis to interest rates, the RBI has often found itself on opposing sides to the Modi government this year.

On Camera

Sheikh Hasina battling ‘India Out’ campaign with Indian saree. But has she made it worse?

Hasina is unabashedly India’s best friend in the neighbourhood. But Delhi is hard put to match China’s deep pockets and big investments in Dhaka.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.