RBI Governor Shaktikanta Das said minimum capital requirements may not be sufficient to absorb losses and maintain financial stability.
July 15, 2020NPLs will appear in the next period and rise, the CBIRC said, citing deteriorating asset quality, accumulated risks and weaker profitability at small and medium-sized banks.
July 14, 2020In its latest audit report, China's National Audit Office found bad loan ratios to be nearly twice what some regional banks reported, among other violations.
June 28, 2020Local authorities in Hebei and Shanxi reportedly had to intervene last week to halt cash withdrawals at two small lenders amid rumours of mounting bad loans.
June 25, 2020Banks should not change the classification of loans between 1 January and 30 September this year, even if borrowers fail to meet their scheduled repayment obligations.
June 19, 2020The CBIRC has reportedly told small and midsize banks they can reduce the amount of capital they need to set aside to cover potential losses from loan defaults.
June 11, 2020The 'Financial Institutions Strategic Transfer Act' allows the creation of asset management companies to buy up non-performing assets from financial institutions.
May 27, 2020The PBOC plans to further extend SME loan repayment deferrals to 31 March 2021, further drive down real interest rates, and bolster support for banks.
May 27, 2020The estimates reflect a move to a forward-looking methodology for analysing loan books, an accounting change recommended by the FSA in December.
May 18, 2020Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.
March 25, 2020