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NBFCs' wholesale book under severe stress: Report

Wednesday, February 5, 2020, 8:13 AM

Rating agency Crisil on Tuesday warned of potentially high stress in non-banking lenders' wholesale book well above the reported bad loan numbers by March, indicating rising risks to their retail books. It can be noted that almost all the NBFCs have been under severe liquidity stress since the fall of industry major IL&FS in September 2018.
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NPAs of PSBs stands at Rs 7.27 lakh crore

Monday, February 3, 2020, 3:34 PM

The government on Monday said the Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) stood at Rs.7.27 lakh crore as on September 30, 2019. Union Minister of State for Finance Anurag Thakur also said in Lok Sabha that scheduled commercial banks and select financial institutions have reported frauds to the tune of Rs.1,13,374 crore in the first half of the current financial year.
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Bad loans worth Rs 1 lakh crore may hit courts soon

Friday, January 3, 2020, 5:23 PM

Bad assets worth Rs.1L-crore may hit the insolvency courts in a month as the January 7 deadline for finding out-of-court resolutions expires. Resolutions have been stalled because some banks have not yet signed the inter-creditor agreement (ICA) and disagreements on the terms between private and public-sector banks (PSBs). "Some banks are choosing to not sign the ICA," said the source.

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