“The top 30 defaulters are sitting on bad loans of Rs. 95,122 crore, which is more than one-third of the entire NPAs of public sector banks.” That is the tailpiece in an article in the
India and China are among the countries most affected by weather-related disasters with the two nations accounting for more than three billion disaster-affected people between 1995 and 2015, a new
The government is planning to set up a high-level panel to effectively deal with the issue of bad loans or the non performing assets (NPAs). "That was discussed at the meeting o
Reiterating his views on constitutionalising the goods and services tax (GST), former union finance minister P Chidambaram has said that in case of a genuine emergency, parliament can change it. &l
The proportion of rejection of RTI applications was quite high in banks that had reported large volumes of net non-performing assets (NPAs) in 2014-15. Indian Overseas Bank, Bank of Baroda and Cana
The bad loan in the name of Vijay Mallya is more than the total default on education loans in the country at a little over Rs 5,000 crore. But still his case is just a drop in the ocean of non-perf
The Reserve Bank of India (RBI) has submitted to the supreme court, in sealed cover, a list of defaulters on loans worth Rs. 500 crore or more, according to
Oriental Bank of Commerce (OBC) has a reason to smile at a time when many of the public sector banks (PSB) are struggling due to bad loans, non-performing assets (NPA) and economic slowdown. Wh
Using IT in forensic science is no longer restricted to the realm of sci-fi. It can help the government and agencies in cracking cases like those arising from the Panama Papers, rising NPAs of
CPI (M) general secretary Sitaram Yechury said top ten corporate houses alone owe a staggering amount of Rs 7 lakh crore to banks and financial institutions. Yechury, who had writte
In May 2014, a committee headed by PJ Nayak, former chairman and CEO of Axis Bank, came out with a report that laid out a roadmap for setting public sector banks (PSBs) free from the government&rsq
It is a common enough notion in the market and among investors that private sector banks have superior asset management skills and consequently, a miniscule amount of toxic assets. This popular nar
A number of tribal kids are dying of malnutrition in Palghar district, Maharashtra. Lack of basic facilities like roads, water, healthcare and employment is also not helping.
In economics, a principal-agent problem refers to the existence of a moral hazard is
The Asset Reconstruction Companies (ARCs) have been sold Rs 2.44 lakh crore worth of gross non-performing assets (NPAs) even as the current stock of stress in the Indian banking system is est
Recent regulatory actions in India suggest the authorities are making a more concerted push to tackle banks` bad loan problems, says Fitch Ratings. "We believe that asset resolu
Rural Electrification Corporation (REC) Limited’s, total income, as on June 30, has risen to Rs 34,614 crore as against Rs 29,952 crore in the previous corresponding quarter. The profit
The public sector banks which are teetering under the burden of non-performing assets need help from the government in the form of capital support. Former Reserve B
Bolstering the funding sources for efficient but liquidity crunched small and medium-scale enterprises is also likely to be important in arresting the next wave of NPAs, said an RBI paper.
Gross NPAs are expected to rise from Rs 8 lakh crore in March 2017 to Rs 9.5 lakh crore by March 2018, which is about 10.5 percent of total advances, while stressed assets are expected to be at Rs
The Reserve Bank of India (RBI) has informed that from country-wise data on ratio of non performing loans to total gross loans available on the International Monetary Fund database, it is observed
The dazzling diamond trade has been hit hard by the Nirav Modi episode, which saw the billionaire jeweller flee India just before a massive fraud amounting to Rs 11,000 crore was detected at a Punj
Have you used Rotomac pen? The brand is owned by a Kanpur-based Kothari family, which owns Rotomac Global, now under CBI and ED scanner for round-tripping. Rotomac Global is run by Vikram Kothari,
Six chargesheets have been filed against Rotomac owner Vikram Kothari by the income tax department. The chargesheets were filed on Monday, a day that also saw Nirav Modi-Mehul Choksi
Recalling his thoughts at the Governance Now 1st India Banking Conclave in 2016, when former Reserve Bank of India deputy governor, SS Mundra had said banking sector reform is a journey and not des
Public-Private Partnerships (PPP) projects are always under scrutiny, given the options of alternative of traditional procurement for the government. The value-for-money debate is one of the essent
In India’s banking system, non-performing asset (NPA) has been a very serious issue. Some or the other bank is regularly going out of or coming in to the RBI moratorium; the very recent examp
After the recent announcement of the government guarantee for Security Receipts (SRs) to be issued by a public sector-owned National Asset Reconstruction Company Ltd (NARCL), there is a surge of in