Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in loans given to large industries. &
The trick is to surrender first rights on the assets and engage fruitfully with last-mile financiers to resume work on stalled projects that have jeop
As the real estate sector picks up, some bankers think this is the opportunity to adopt a flexible approach, soften their stand and pave the way for c
There have significant delays in payments of interest, say bankers
While equity mutual funds offer potential to build wealth over the long term, debt funds add to the stability and liquidity.
The guidelines will be implemented from April 2022 for bad loans on or after April 1 that year.
If smooth implementation can be achieved, the bad bank can increase the robustness of the banking system by reducing NPA from their books.
The ratings agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22, supported by a pick-up in economic activity post 1QFY22
Lenders are investing heavily in acquiring customers via robust front-end solutions; however, this is not being matched with digitisation at backend.
ICICI's gross NPA additions included Rs 961 crores from the kisan credit card portfolio and Rs 1,130 crores from the jewel loan portfolio