Unable to pay loan? Get ready to be named and shamed

Last Updated: Thursday, July 23, 2015, 08:43

India`s bad debt pile, dominated by corporate loans, is at its highest in a decade, swollen by an economic slowdown, loose lending and, in many cases, banks` own failure to do enough to chase down rogue debtors.

Indian banks opt for offbeat tactics to tackle $49 billion of bad debts

Last Updated: Thursday, July 23, 2015, 08:32

Under pressure to do more to cut a $49 billion mountain of bad debt, India`s state-owned banks are reversing years of lax recovery efforts, naming and shaming smaller borrowers and even using big TV screens at shopping malls to advertise seized assets for sale.

Manage, meddle or magnify? China's corporate debt threat

Last Updated: Monday, July 20, 2015, 10:24

Corporate China`s debts, at 160 percent of GDP, are twice that of the United States, having sharply deteriorated in the past five years, a Thomson Reuters study of over 1,400 companies shows.

Indebted firms constraining bank lending: RBI report

Last Updated: Thursday, June 25, 2015, 17:40

The ability of India`s debt-burdened firms to repay their debts has worsened as leverage has increased, straining a banking sector burdened by bad loans, according to a report released by the Reserve Bank of India on Thursday.

Mid-caps pay for borrowing binge

Last Updated: Monday, June 15, 2015, 15:17

Had India`s hundreds of mid-cap firms aggressively cut their massive debts acquired in the boom years after the 2008 global crisis, their shares might not have dropped as precipitously in today`s uncertain economy.

India Inc garners Rs 1 lakh cr via debt placement in April-May

Last Updated: Sunday, June 14, 2015, 11:32

The funds will be used mainly for business expansion and support working capital requirements.

Finance Minister to meet heads of PSU banks tomorrow

Last Updated: Friday, June 12, 2015, 12:37

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.

Tata Group shows interest to invest in Electrosteel Steels

Last Updated: Thursday, June 11, 2015, 15:16

Reacting to the news, shares of the firm breached the upper circuit. The shares were trading higher by 11.42 percent at Rs 4.20 apiece on BSE in afternoon trade.

Banks should desist from evergreening of loans: Yashwant Sinha

Last Updated: Friday, June 5, 2015, 17:28

Former Finance Minister Yashwant Sinha on Friday cautioned banks to desist from blatant evergreening of loans or restructuring of debts as it was not good for the health of financial sector.

Bank of India says "worst is over" after bad debts jump

Last Updated: Thursday, May 28, 2015, 17:54

Bank of India reported its first quarterly loss in more than two decades on Thursday, weighed down by a larger than expected increase in bad debts, sending its shares down more than 8 percent.

FPIs pour in Rs 2.5-lakh crore in 1st year of Modi govt

Last Updated: Tuesday, May 26, 2015, 17:03

India's capital markets have caught the attention of overseas investors as they have pumped in a massive over Rs 2.5 lakh crore in equities and debts during the first year of the Modi government.