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Patel blames govt, RBI and banks till 2014 for NPA woes

Mumbai, July 5 -- Failures of the central bank, the government and staterun lenders in the years till 2014 sparked India's bad loan crisis, former Reserve Bank of India (RBI) governor Urjit Patel said... Read More


Urjit Patel blames govt, RBI and banks till 2014 for bad loan mess

Mumbai, July 5 -- Failures of the central bank, the government and state-run lenders in the years till 2014 sparked India's bad loan crisis, former Reserve Bank of India (RBI) governor Urjit Patel sai... Read More


NPAs may fall to 9% by March, says RBI report

New Delhi, July 4 -- Indian banks continue to see an improvement in asset quality with bad loans as a percentage of total loans expected to fall to 9% by March 2020, according to the Financial Stabili... Read More


Lenders to recast DHFL loans worth '38,000 cr

Mumbai, July 4 -- Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have agreed to restructure the stressed home financier's outstanding loans of more than '38,000 crore. In a meeting held on Monday, ... Read More


DHFL lenders to restructure loans worth Rs.38,000 cr

Mumbai, July 3 -- Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have agreed to restructure the stressed home financier's outstanding loans of more than Rs.38,000 crore. In a meeting held on Monda... Read More


NBFC crisis not a solvency issue, says industry body

New Delhi, July 2 -- Finance Industry Development Council (FIDC), the industry body for non-banking financial companies (NBFCs), said the current liquidity crisis is not a solvency issue, but is more ... Read More


DHFL lenders to restructure loans worth 38,000 cr

Mumbai, July 2 -- Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have agreed to restructure the stressed home financier's outstanding loans of more than 38,000 crore. In a meeting held on Monday, ... Read More


DHFL lenders to restructure loans worth Rs38,000 cr

Mumbai, July 2 -- Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have agreed to restructure the stressed home financier's outstanding loans of more than Rs38,000 crore. In a meeting held on Monday... Read More


N.S. Vishwanathan reappointed RBI deputy governor for one year

Mumbai, July 1 -- N.S. Vishwanathan on Monday was reappointed as deputy governor of the Reserve Bank of India. The Appointments Committee of Cabinet has approved the extension of Vishwanathan's term ... Read More


'NPAS MAY FALL TO 9% BY MAR '20'

Mumbai, June 28 -- Indian banks continue to see an improvement in asset quality with bad loans as a percentage of total loans expected to fall to 9% by March 2020, according to RBI's Financial Stabili... Read More