Bankers moved to recast bulky loans in the January-March quarter ahead of a change in rules which will lead to restructured loans being categorized as bad loans, attracting a minimum provision of 15 per cent, mentioned a business news paper.
Tag: bad loans
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There will be a second round of restructuring for infra projects
The alarming increase in bad loans from infrastructure was partly responsible for restructuring of bank loanks. B Sriram, Managing Director, State Bank of Bikaner & Jaipur, which saw a fall in its profits in the quarter ending December,
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Banks will come out of problems: Catholic Syrian Bank
Catholic Syrian Bank has hoped that banking industry in the country will be able to overcome problems of bad loans and credit squeeze and regain its past glory in a short time.
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Cabinet may consider approval for large projects
Union cabinet may consider approval for several large-sized infrastructure projects, costing at least Rs 1,000 crore, to ensure expeditious clearances. Union finance ministry is learnt to have sought specific comments from the concerned ministries on pending approvals
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Tighter provisioning norms may hit banks’ margins
Following the tightening of norms on provisioning for restructured loans by Reserve Bank of India (RBI), banks might have to set aside Rs 1,500-2,500 crore as provisions in 2013-14 for their existing recast loan book. Ratings agency Icra said this in a report. Recently, the central bank said banks have to raise provisioning for the existing stock of restructured assets to 5 per cent in a phased manner over three years from the
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Asset quality of banks may remain weak in FY14
According to rating agency Standard & Poor's (S&P), asset quality of Indian banks may remain weak in 2013-14 and improve only in 2014-15. In a recent report, the agency said the quality of earnings would be stressed and bad loans may rise to 4.4 percent before falling. Therefore, S&P sees 2013-14 to be a challenging year for the banking sector. RoAs are expected to improve by 1 pe
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Nifty banking index rises considerably
The Nifty banking index has risen considerably in the last one year because of several factors even though the general financial health of several banks remain patchy, analysts said. The National Stock ExchangeÂ’s Nifty banking index, a barometer of banking company stocks, has risen 50 percent in the past one year, belying general economic performance and expectations from the banking busin
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Gross NPAs of state-run banks rise
Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,
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Firms seek debt recast for 2nd time
More and more companies are applying for second round of corporate debt restructuring (CDR) because of their inability to service loans, a report by brokerage firm Prabhudas Lilladhar shows. The report shows that not only is the number of debt-restructuring proposals reaching CDR cell on the rise, the quality of cases is
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NPAs of state-run banks rise to Rs 1.43 trillion
The non-performing assets (NPAs) of state-run banks rose to Rs 143,765 crore as at end September, 2012 from Rs 112,489 crore at the end of March, 2012, Minister of State for Finance Namo Narain Meena informed the Rajya Sabha. Of the total gross NPAs of state-run banks, 31.9 per cent belon
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