RBI's draft norms remind banks of building an umbrella for credit risk
For the RBI, the lessons from the punishing bad loan cycle triggered by infrastructure loans are the reason behind the tighter norms
Source: moneycontrol.com
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IOB to sell 92 NPAs worth Rs 13,000 crore, among biggest sales
Business News: Chennai: In one of the largest sale of bad loans, state-owned Indian Overseas Bank has announced the sale of 92 NPA loans with a collective value of R.
Source: indiatimes.com
NPA Loans: Indian Overseas Bank to Sell ₹13k Cr Worth of NPAs in One of the Biggest Sales | Chennai News
Indian Overseas Bank announces the sale of 92 NPA loans worth Rs 13,471 crore, including accounts like Videocon, Lanco, IL&FS Financial Services, Jet Airways, and Reliance Communications. Expressions of interest are called from asset reconstruction companies for the auction of these NPAs.
Source: indiatimes.com
Banks raise bad loans cover by Sh46bn as defaults soar
Commercial banks take initiatives to address the rising rate of defaults.
Source: nation.africa
Ahead of IPO, Hero FinCorp writes off bad loans worth around Rs 1,200 crore
Hero FinCorp recorded a 25 percent rise in AUM in the first nine months of FY24, which grew to Rs 49,127 crore, while disbursals rose 26 percent to Rs 24,979 crore
Source: moneycontrol.com