Barring auto, even retail loans see spike in bad loans: Report

Even as banks continue to focus on retail (to individuals) loans, as they keep away from large corporates due to poor credit quality, a study has found an uptick in non-performing assets (NPAs) across many sub-segments of small loans in the year to March 2017. Education loans and commercial vehicle loans reported one of the… Continue reading Barring auto, even retail loans see spike in bad loans: Report

Gujarat HC turns down Essar Steel plea against RBI’s insolvency proceedings

The Gujarat High Court on Monday disposed of Essar Steel’s petition against insolvency proceedings initiated by its lenders after a directive by the Reserve Bank of India (RBI). This is likely to smoothen the insolvency proceedings against Essar as well as the 11 other non-performing accounts identified by the RBI. The four other steel companies… Continue reading Gujarat HC turns down Essar Steel plea against RBI’s insolvency proceedings

NPA problem: RBI identifies 12 mega defaulters for insolvency

Financial News : The Reserve Bank of India (RBI) on Tuesday said its internal advisory committee (IAC) had identified 12 accounts that covered about 25 per cent of the banking system’s non-performing assets for immediate resolution under the Insolvency and Bankruptcy Code. The gross bad debt of the Indian banking system as of March was… Continue reading NPA problem: RBI identifies 12 mega defaulters for insolvency