The article reports on bad-loan ratios in the banking industry in India as of August 2015 along with views of Indian Finance Minister Arun Jaitley on contribution of market valuations of public-sector banks to improve governance reforms, bad loan management and capital allocation by government.PA...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook bad bank Financial n a financial institution set up to hold and manage underperforming assets owned by other banks Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publisher...
Because, ultimately it is the banks having the money of the public gave the loans to these tycoons. How can they be soooo corrupted (or) negligent?! Anyways, one of the finest documentaries on India. Must watch!! Helpful•17 1 sriramthestranger Oct 6, 2020 Permalink...
India’s economy has been dogged by rising bad debts over recent years, with numerous industrial companies unable to repay creditors. Lenders have faced a rising tide of restructured and non-performing assets, which account for more than 10 per cent of loans across the banking system. On Monday...
India’s government seems belatedly to have grasped the threat to the wider economy. Plans are being floated to create a “bad bank” that would house banks’ dud loans, leaving the original lenders in better shape. The idea is a good one, but it must be properly implemented and is only...
The same report said state-owned lenders contributed 8.25 trillion rupees to that pile of bad loans. State-owned lenders such as the State Bank of India and IDBI Bank are major sources of credit in India. The banks’ deteriorating balance sheets have limited their ability to lend, and th...
In May, India's Central Bank had announced a three-month extension of the loan moratorium till August 31, as the nation-wide lockdown in Asia's third-largest economy from March 25 had rendered people jobless, affecting their repayment abilities leading to disruption in cash-flows. ...
Lastly the trailer talks about Nirav Modi who tried to build India’s first luxury jewellery brand, generated funds and loans by bribing the bank officials and then evaded the law and moved to another country.. It establishes the common link between all these ex-billionaires – that they in ...
The move will ease decision making and bring timely resolution to bad loans, he added. Advertisement Srini Sriniwasan, managing director at Kotak Investment Advisors called the move a “game-changer” for stressed asset recoveries. The Reserve Bank of India (RBI), in its Financial Stability Repo...
Over the past year,Raghuram Rajan, outgoing governor of the Reserve Bank of India, has put heavy regulatory pressure on Indian banks to recognise and provision for distressed loans to corporate sectors such as steel, power and infrastructure. ...