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Banks to make provisions for COVID-19 affected loans this year 10:04 | 24/01/2021 Illustrative image (Photo: Zing.vn) Hanoi - Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV). Last year, the central bank issued Circular 01/2020/TT-NHNN, allowing banks to avoid making the provisions in 2020 to support banks and borrowers affected by the pandemic. According to SBV Deputy Governor Dao Minh Tu, the amended circular, which is expected t...

Read more about SBI Cards net profit down 52% to Rs 210 crore in Q3, total income dips on Business Standard. Impairment losses and bad debts jumped 72 per cent YoY in Q3FY21 to Rs 648 crore

The headquarters of the State Bank of Vietnam (Photo: VNA) Hanoi (VNA) - Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts. But the State Bank of Vietnam (SBV) managed a monetary policy flexibly and cautiously, in combination with other fiscal and macro-economic policies, to curb inflation, stabilise the macro economy as well as monetary and The SBV adopted one of the quickest and strongest monetary policy responses in the world. According to Bui Thuy Hang, Deputy Director of the SBV’s Monetary P...

NPAs and its effects on banks’ profitability December 22, 2020, 12:11 PM IST Abhishek Sikdar graduated in Economics from St Xavier's College under Calcutta University and post-graduation from Delhi School of Economics. He has worked in several leading business newspapers. During his service career, he had written numerous reports, conducted meetings with global economic consultants and international fund managers and imparted training programs to Sales Teams. LESS... MORE Introduction  The Indian economic crisis of 1990s fuelled the need of World Bank and IMF loans which...