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Total 257 results found. Search for [ bad loan crisis ]

Results 1 to 21 of 257
PTI
November 1, 2019
The unions said ensuring \"proper governance in the system\" and \"removing political interference\" will address the problem of NPAs that has been weakening the financial health of the PSBs


Reuters
New Delhi, October 23, 2019
Indian banks, already saddled with nearly $150 billion in bad loans, are struggling to grow their lending activity as a slowdown in domestic consumption weighs on demand for credit.


BusinessToday.In
New Delhi, October 21, 2019
Money stuck for nearly a month, PMC Bank depositors stare at uncertain futureNearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses. Many fear that they might lose their lifetime earnings deposited in savings accounts, or in the form of fixed deposits. So far, three depositors have lost their liv...


BusinessToday.In
New Delhi, October 18, 2019
The PMC bank's internal investigating team has found cheques amounting to over Rs 10 crore that were issued by HDIL and its related entities over the past two years but never deposited with PMC


BusinessToday.In
New Delhi, October 17, 2019
The police had filed an FIR against Thomas for misrepresenting the bank's loan books and not revealing the bad loans of HDIL


BusinessToday.In
October 14, 2019
The GNPA from agriculture sector and allied activities in PSBs stood at Rs 1.04 lakh crore at the end of July 2019 as against a total credit of Rs 9.42 lakh crore.


Reuters
October 13, 2019
The number of property developers falling into bankruptcy has doubled during the past nine months, piling pressure on NBFCs. Potential implosions of these NBFCs could expose banks


PTI
October 11, 2019



BusinessToday.In
New Delhi, October 4, 2019
The Economic Offences Wing (EOW) of Mumbai Police on Friday arrested the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank Joy Thomas


BusinessToday.In
New Delhi, October 4, 2019
Mumbai Police on Thursday arrested HDIL promoters Rakesh Kumar Wadhawan and Sarang Wadhawan in the PMC Bank loan case; both have been sent to police custody till October 9


BusinessToday.In
New Delhi, October 4, 2019
PMC bank officials allegedly created 44 hidden accounts with fake credentials to help HDIL; loans given to HDIL later turned into NPAs, leading to its bankruptcy and PMC's exposure of thousands of crores


Reuters
October 2, 2019
PMC Bank crisis: The complaint names the bank's Chairman Waryam Singh and its Managing Director Joy Thomas, along with other bank officials, and accuses them of criminal breach of trust, forgery and falsification of records.


BusinessToday.In
New Delhi, October 1, 2019
PMC Bank crisis: HDIL is embroiled in the PMC Bank crisis as the lender had extended substantial amount of loans to the company.


PTI
September 30, 2019
PMC Bank crisis: Of the Rs 8,880-crore loan book (as of September 19, 2019) that PMC had, more than Rs 6,500 crore or over 73 per cent of the assets are with the bankrupt HDIL group only.


BusinessToday.In
New Delhi, September 28, 2019
Joy Thomas says the bank didn't report the matter to the RBI even though repayment from HDIL was irregular for the past three-four years because it held security, which was worth twice the loan amount


BusinessToday.In
New Delhi, September 26, 2019
PMC Bank crisis: Customers have also written to the RBI to revoke the restrictions made on the lender. The letter states that such a restriction will inflict great hardship on the depositors.


BusinessToday.In
New Delhi, September 25, 2019
PMC Bank crisis: According to a report, the biggest reason behind RBI's restrictions was PMC Bank's loan of Rs 2,500 crore to now-bankrupt real estate firm HDIL.


Reuters
Manesar, September 4, 2019
Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales


Reuters
New Delhi, September 4, 2019
RBI's task force also recommended easing rules around the securitisation of loan assets and permitting wider participation from funds and insurance companies in trading these securities, says the central bank


Anand Adhikari
New Delhi, September 2, 2019
The Centre's as well as the states' liabilities are rising at an alarming rate


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