Banks write off Rs 16.35 lakh crore of bad loans in last 10 years

Highest write off of Rs 2,36,265 cr was in 2018-19 and lowest of Rs 58,786 cr was  in 2014-15  in the last decade; in FY24, write off amount was Rs 1,70,270 cr. 

RBI Guv’s rate cut battle in Trump’s ‘America First’ era

Sanjay Malhotra will have to guide RBI through an uncertain phase which is seeing the world redraw its politics and economics. Don't expect many interest rate cuts as he has to weigh in a wobbly rupee, trade wars, tight liquidity, inflation and financial stability. 


Punjab & Sind Bank CEO lines up branch expansion, eyes retail loans

Punjab & Sind Bank is planning to up branch network to 2,000 by March 2027 as it seeks to grow retail loans. “New branches will be mainly outside Punjab where market is getting almost saturated for us,” says CEO Swarup Kumar Saha.


Federal Bank changes gear under new CEO

KVS Manian takes up challenge of lifting Federal Bank to top five league; pivotal decisions include scaling up beyond Kerala, driving volumes in medium-yielding biz, reducing concentration of top depositors and having play in affordable housing. 


How New India Coop Bank staffer siphoned off Rs 122 crore

Hitesh Mehta, ex-GM of New India Co-operative Bank used to call two staffers and instruct them to hand over Rs 50 lakh at a time from the bank's safes to persons he sent; police has also arrested former CEO of the bank.


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PSU banks’ loan write off at Rs 42,000 cr in H1 FY25

During April-September period of current fiscal, public sector banks recovered Rs 37,253 crore of bad loans.

Gross NPAs of public sector banks at Rs 3.16 trillion

Gross NPAs of private sector banks stood at Rs 1.34 lakh crore as on 30 September 2024, said MoS for Finance Pankaj Chaudhary; this  as percentage of outstanding loan is 1.86% in private sector banks. 


Canara Bank CEO’s jugglery amid tough task of controlling deposit costs

Canara Bank MD & CEO Satyanarayana Raju sheds nearly Rs 40,000 crore of low-yielding advances in corporate sector; taps alternative resources to bridge gap between credit and deposit growth and lends at higher cost.  

Despite hiccups in Q2, IDFC First Bank’s long-term goals on track

IDFC First Bank MD & CEO V Vaidyanathan believes that none of the stories on the bank’s projected long-term growth in deposits, loans, profitability and bad loans have fundamentally changed. 


Gold loans surge amid RBI worries

Banks have seen a surge in gold loans as prices for the yellow metal have soared and the RBI has worried that aggressive lending in this segment can lead to a build-up of bad debt if irregular practices are not corrected. 


ARC woes amid scarce supply of bad loans and regulatory oversight

Several asset reconstruction companies are struggling, a few are dead and some are set to die amid limited availability of bad loans to source and a regulatory requirement to increase their net worth.


Banking fraud cases jump 27% in H1FY25: RBI

Banking fraud cases in India rise 27% to 18,461 in H1FY25; amount jumps eight-fold to Rs 21,367 crore, RBI data showed.


Six measures to fix consumption in Budget FY26

The six steps suggested by industry body CII include reduction in excise duty on fuel, cutting personal income tax rates for individuals and increasing daily wages under MGNREGS.

RBI eases settlement norms for ARCs

Relaxations in new circular timely as resolution of small loans via settlement process will be quicker; this when ARCs are seeing jump in retail and microfinance bad loans in their catchment area. 


IOB to sell Rs 11,500-crore NPAs to ARCs

Indian Overseas Bank is selling 46 bad loan accounts worth Rs 11,500 cr; invites expressions of interest from ARCs.

 


2,664 wilful defaulters owe Rs 1.96 lakh crore: RBI

As per RBI data, Mehul Choksi-owned Gitanjali Gems tops defaulter list, owing Rs 8,516 crore; ABG Shipyard occupies second spot with outstanding amount of Rs 4,684 crore.

SBI chairman on deposits, credit growth, NIM as bank’s Q3 net rises 84%

State Bank of India posts net profit of Rs16,891 crore in Q3, but  margins are lower and deposit mobilisation stays weak; chairman Setty is confident that credit growth will be 14-16% in FY25.