IBA starts identifying stressed loans for proposed bad bank

February 24, 2021adminLeave a Comment

The Indian Banks’ Association (IBA) has started the process of identification of bad loans that can be transferred to the proposed bad bank. The bankers’ lobby group has written to the lenders, seeking a list of all bad loans above ₹500 crore. This exercise by IBA could help lenders identify the magnitude of the bad […]

PSB privatisation: NPA hive-off, staff transfers being considered

February 21, 2021adminLeave a Comment

The government could hive off the non-performing loans of the two public sector banks that are to be selected for privatisation and transfer some of their employees to other state-run lenders in a bid to make them attractive for buyers. The government is likely to consider only banks that were not part of the recent […]

Banks’ bad loan provisioning falls for fourth consecutive quarter in Q3

February 16, 2021adminLeave a Comment

ET Intelligence Group: The aggregate bad loan provisioning by banks fell sequentially for the fourth consecutive quarter in December though some of them increased COVID related provisioning. For a sample of 28 banks, provisioning for bad loans or nonperforming assets (NPA) fell by 27.5% sequentially to Rs 24,149.7 crore in the December quarter. It was […]