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Saturday, November 2, 2024
TopicStressed loans

Topic: stressed loans

IDBI Bank to sell $1.4 billion of its bad loans

IDBI Bank, which has India's worst bad loan ratio, wants to sell stressed loans 'by June-end to quicken pace of clean-up exercise'.

Stressed loans worth Rs 3.6 trillion to be scrutinised on account of deadline set by RBI

This marks the latest attempt by RBI to clean up banks that are suffering from the world’s worst bad-loan ratios, ahead only of Italy. 

India is the most attractive distressed market for this debt trader

Cleaning up India’s stressed loans has been a big priority of Prime Minister Narendra Modi in order to attract investments to the country. 

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

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.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.