How ARCs are solving India’s NPA crisis
Asset reconstruction companies (ARCs) were set up in India to solve the NPA problem. India's 29 ARCs are a reflection of the success of the ecosystem in alleviating the stressed asset challenges.
npa recognition
March 2021
February 2021
April 2020
July 2019
July 2018
May 2018
Has Covid-19 made PSBs more vulnerable?
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
Budget proposes cleansing mechanism for PSBs
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
YES Bank Q1 profit declines 91%
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.
Axis Bank falls a day after Q1 results
The bank’s stock fell over 3% on Tuesday. Brokerages, however, were optimistic about the stock going forward.
Turnaround for Indian banks likely in FY20: S&P
More realistic NPA recognitions, rebounding corporate profits, and quicker NPA resolution under the IBC will help banks recover from a protracted bad-debt cycle, according to the ratings major.
SBI’s stock gains over 6% despite Q4 loss
A day after SBI reported its highest ever quarterly loss of Rs 7,718 crore, the stock gained over 6% in early trade driven by positive brokerage reports.
