Friday, 7 October, 2022
TopicNPA

Topic: NPA

53 years since Indira’s bank nationalisation ordinance, a push for privatisation under Modi

Over half a century since Indira Gandhi nationalised 14 public sector banks, move still evokes sharp divisions, with some criticising it as a failure and others hailing it as a landmark  decision.

What’s the impact of late EMI, credit card bill payment on CIBIL score

Lenders view loan approvals with a low CIBIL score as a risky proposition, whereas a good credit score provides some assurance that the debt will be recovered.

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.

On Camera

YourTurn

Jaishankar to embark on his 1st visit to New Zealand from Oct 5

G20 has 5 daunting challenges and India’s presidency can turn this crisis into opportunity

India should highlight its leadership in low-cost vaccine tech, effective health immunisation delivery, generic pharmaceutical manufacturing, and solar energy.
Falguni Nayar, Nykaa's founder & CEO, and Sima Ganwani Ved, Apparel Group's founder & chairwoman, pose for a picture during a strategic alliance announcement in Mumbai, on 6 October 2022 | Reuters

Nykaa forge ties with Dubai’s Apparel Group to expand business in Gulf countries

Falguni Nayar, the online retailer founder and CEO, said the two companies would together build a multi-brand beauty retail business with Nykaa holding a 55% stake of the entity.

Defence

Rescue operation underway after an army aviation Cheetah helicopter flying in the forward area near Tawang crashed during a routine sortie Wednesday | ANI

Multiple military & civilian chopper crashes in past years highlight a disturbing trend for India

An Indian Army Aviation Cheetah helicopter crashed Wednesday. Several such crashes over past few yrs have jolted the military. Non-military sphere, too, has encountered many crashes.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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