Raghuram Rajan: For high growth, India must resolve problem of bad loans, revive stalled infra projects

Raghuram Rajan: For high growth, India must resolve problem of bad loans, revive stalled infra projects

India must fix the balance sheets of its banks and debt-ridden companies, work to revive the stalled infrastructure projects, especially in the power sector, and focus on exports, if it is serious about getting its economy back on track, former...
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NPA crisis: RBI deputy governor blames forbearance schemes for bad loan mess

NPA crisis: RBI deputy governor blames forbearance schemes for bad loan mess

The Reserve Bank of India (RBI) deputy governor Viral Acharya on Wednesday conceded that the Central bank’s “forbearance schemes” were partly to blame for the bad loan mess, and suggested a counter-cyclical approach to avoid its repeat in future. Stati...
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One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

IDBI Bank shares plunged as much as 9 per cent on Thursday after the state-owned bank said that more than one fifth of its advanced turned bad in the March quarter. IDBI Bank, which reported its earnings for the January-March...
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SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

Mumbai: A massive pile up of bad loans at its subsidiaries pulled down by 99.6 per cent the consolidated net profit of nation’s largest lender SBI to Rs 20.7 crore for the September quarter, while its standalone provisioning rose 3-fold....
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Fear Of CBI ‘Bizarre’, Apply Wisdom In Funding Bad Loans: Panel To Banks

Fear Of CBI ‘Bizarre’, Apply Wisdom In Funding Bad Loans: Panel To Banks

New Delhi: Finding banks working under the fear of Central Bureau of Investigation (CBI) and Central Vigilance Commission (CVC) as “bizarre”, a Parliamentary panel has asked lenders to take a decision on financing of stressed assets as per their &#...
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Lower Fresh Bad Loans In Q1 Of 2016-17: RBI Deputy Governor

Lower Fresh Bad Loans In Q1 Of 2016-17: RBI Deputy Governor

Mumbai: Fresh bad loans moderated in the first quarter of 2016-17 as most banks have improved their recovery process, Reserve Bank of India Deputy Governor S S Mundra said on Tuesday. “Looking at the first quarter earnings, two trends are...
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