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Sunday, June 23, 2024
TopicBank debts

Topic: Bank debts

Banks’ bad debts drop to 3.2% in 1st half of 2023-24, lowest since 2013. Over 50% due to write-offs

Share of gross non-performing assets of Scheduled Commercial Banks has fallen consistently since March 2018. But RBI report shows recoveries from written-off loans remain low.

US lender Silicon Valley Bank fails after run on deposits

Silicon Valley Bank, struggling under weight of 'ill-fated decisions' collapsed Friday, forcing the US government to step into the largest bank failiure, since the 2008 financial crisis.

Despite Adani Group’s high debt levels, risk to Indian banks is relatively low

Brokerage firm CLSA estimates Indian bank debt accounts for 33-38% of Adani group's overall debt. Of the top 5 of group's companies, only 3 have relatively high share of bank debt.

‘Indians bearing weight of govt’s kind-heartedness’: Varun Gandhi’s fresh salvo at Modi govt

Gandhi, who is the BJP MP from UP's Pilibhit, has been repeatedly launching tirades against his own party and government since the introduction of the now-repealed farm laws.

India’s economic recovery will be hit if banks aren’t recapitalised, former RBI chiefs warn

Bad loans of Indian banks pose a risk to growth if they aren’t recapitalised, D. Subbarao, Y. Venugopal Reddy and C. Rangarajan say in a new book.

Debt-laden Jet Airways plans to sell up to 75 per cent stake

State Bank of India Ltd., the lead creditor of Jet Airways, issued a document on Monday, inviting bidders with a net worth of at least Rs. 10 billion, to submit their interest by April 10.

On Camera

NTA was supposed to rescue exams from ‘Munna Bhais’. Now it’s part of the problem

National Testing Agency’s charter is to assess the 'competence of candidates' for admission and recruitment, but NEET and UGC-NET firestorms have put its own competency in question.

Fewer millionaires set to emigrate this yr, India produces ‘far more’ than those leaving — Henley report

The report predicts net emigration of 4,300 millionaires in 2024, lower than the outflow in 2023 & 2022. Congress has raised concerns about the outflow of HNIs from the country.

Army hospital commandant says no misuse of disability pension grant. ‘Scrutiny at all levels’

Lt Gen Nilakantan says revised Entitlement Rules & Guide to Medical Officers for pensions had been revised to rationalise disability classification, quantification & granting of disability.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.