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Finance

09 September, 2020

Top executive quits Ares SSG-backed asset reconstruction firm

The chief executive and managing director of an asset reconstruction firm, backed by alternative asset manager Ares SSG (previously SSG ......

General

27 August, 2020

Farmers turn to moneylenders as banks shun risk amid pandemic

Last month, Dnyaneshwar Siddhanth, a farmer from India’s western state of Maharashtra, was in desperate need of money to buy ......

Finance

11 August, 2020

RBI's debt revamp proposal to prolong banks' asset quality uncertainty: Fitch

A one-time debt restructuring allowed by the Reserve Bank of India (RBI) to help lenders and borrowers amid the COVID-19 ......

Finance

06 August, 2020

RBI allows banks to restructure loans to tide over virus-induced stress

The Reserve Bank of India has allowed banks to restructure loans without classifying them as bad debts and pushing the ......

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Finance

29 July, 2020

In Charts: How the woes of India's banking sector and economy may worsen

Last week, the Reserve Bank of India unveiled the results of the latest “stress test” that it conducts periodically to ......

Finance

24 July, 2020

Banks' bad debt to jump amid COVID-19 pandemic: RBI report

Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the ......

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Finance

14 July, 2020

Banks scramble to beef up defences as coronavirus threatens to sour loan books

Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry ......

Finance

26 June, 2020

Asset quality of housing lenders likely to worsen, warns ICRA

Indian housing finance companies (HFCs) are likely to face worsening of asset quality this year, with about 30% of their ......

Finance

08 June, 2020

In Charts: How Asian companies are at higher risk of default this year

Asian companies are at a higher risk of default in the coming quarters than last year, a Reuters analysis of ......

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General

19 May, 2020

Why one-year suspension of bankruptcy law has put bankers, investors in tough spot

Creditors, investors and even companies involved in distressed asset resolution will suffer a major setback as the government has decided ......