The Reserve Bank of India proposes a new mechanism for banks and NBFCs to sell bad loans directly to investors, introducing resolution managers for asset recovery and setting new c...
Indian banks have written off Rs 16.35 lakh crore in bad loans over the last decade, with recovery efforts ongoing through legal and financial mechanisms. The government has also a...
The banking sector is poised for a profitability decline by FY26 due to rising bad loans and higher credit costs, with unsecured retail loans identified as a major risk factor, acc...
Raghuram Rajan reveals that ex-finance minister Arun Jaitley supported cleaning up bad loans of Indian banks, highlighting the need for decisive action amidst corruption and global...
Indian Overseas Bank reports a 30% rise in net profit for Q3 2023-24, reaching Rs 723 crore, driven by improved core income and reduced bad loans.
