Friday, 20 May, 2022
TopicNPA

Topic: NPA

Ex-SBI chairman Pratip Chaudhuri arrested in loan default case, sent to 14-day judicial custody

A case was filed against Chaudhuri in 2015 for allegedly seizing a Jaisalmer hotel property in a loan settlement case and selling it at a throwaway price through fraudulent means.

Wait till privatisation of Air India to decide on a good model of asset monetisation

The Modi government should assure citizens that no part of the monetised revenue will be used to bail out NPAs or build white elephants to mollify vote banks.

Setting up bad bank to fix NPA problem is a bad idea. It’s a temporary solution & just bad economics

ThePrint view on the most important issues, instantly.

Only a dozen large firms to gain from bank loans recast, most stressed firms not eligible

According to bankers, total debt recast will be around Rs 3 lakh crore. Shapoorji Pallonji, Future groups among firms to receive nod for recast, but may ultimately not need it.

Indian banking system will be among last to recover due to NPA overhang, S&P says

The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.

Bad bank not just necessary but unavoidable in present situation, says former RBI governor

The standard advantage of a bad bank is the entity taking a decision on sale price is different from the entity accepting that price, former RBI governor D Subbarao said.

Why RBI has picked KV Kamath to restructure loans and kick the can down the road

Fear of probe agencies investigating bad loans left a deep scar on banking officials, raising their risk-averse nature to lending. RBI wants Kamath panel to take care of those fears.

RBI predicts bad loan surge by March 2021, says NPAs will rise to 12.5% from 8.5% now 

According to the RBI’s financial stability report, bad loans may rise to 14.7% if the macroeconomic environment worsens.

Modi govt estimates 15% of Rs 3 lakh crore MSME loans could turn NPA. Banks fear worse

Modi govt has promised 100% credit guarantee to banks and NBFCs to ensure credit flow to MSMEs. But bankers say revival of the economy is crucial to loan performance.

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.

On Camera

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PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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