All posts tagged "Bad Loans"
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572Capital RegulationIndia to Merge Three State Banks to Consolidate Weak Balance Sheets
India has begun the process to merge Dena Bank, Vijaya Bank and Bank of Baroda in a bid to support their weak balance sheets and consolidate the state-run banking sector.
September 19, 2018 -
675Capital RegulationCBIRC Fines Reach Unprecedented Levels in Financial Deleveraging Campaign
The regulator has levied fines of over 4 billion yuan in the past 20 months, four times the 1 billion yuan in fines it levied in the previous 14 years.
September 12, 2018 -
612Capital RegulationRBI Deadline for Bad Loan Resolution Passes
The central bank’s February circular allowed banks 180 days to resolve defaulted loans over 20bn rupees; many of these accounts will now be referred to bankruptcy courts.
August 29, 2018 -
619Capital Regulation
RBI Restates Case For Public Credit Registry
RBI deputy governor says that a public credit registry, with inputs from the corporate registration and GST database, will help increase access to credit in India.
August 24, 2018 -
605Capital Regulation
India’s Government Asks RBI to Ease Pressure on State Banks
Government wants central bank to review criteria for releasing banks from PCA framework, shift to Basel III capital standards.
August 23, 2018 -
637Capital Regulation
China Banks Holding Bad Loans in Record Numbers
Loans classified as non-performing jumped to $284bn at banks, up 10% during the second quarter. Banking regulator says asset quality is "stable".
August 16, 2018 -
660Capital Regulation
Indian Banks Gear Up for RBI’s Second Asset Quality Review
RBI has reportedly sought details of specific stressed asset accounts to ensure recognition and provisions are in line with regulatory norms; S&P Global says current cycle of bad loans is likely to reverse within next financial year.
August 2, 2018 -
792Capital RegulationBad Loans on the Rise at Small Chinese Lenders – Report
Central government efforts to reduce excess capacity has put pressure on local economies and firms’ ability to repay debt; thirteen banks have had their credit ratings cut or outlooks downgraded, according to analysis by Reuters.
July 30, 2018 -
1.3KEnforcementUPDATED – US SEC Intensifies Probe into India’s NYSE-Listed ICICI Bank
SEC officials have questioned two of the bank's top executives on whistle blower allegations that loan provisioning was unfairly delayed to inflate profits by $1.3bn over eight years.
July 28, 2018 -
1.2KCapital Regulation
China Loan Classification Rules Start to Hit Rural Banks
Rural commercial banks are experiencing credit downgrades as new loan classification rules force them to recognise souring loans as NPLs and set aside more capital against bad debt.
July 22, 2018
