Bank Npa
RBI asks banks and other lenders to hunt down wilful defaulters
A borrower will be classified as a wilful defaulter if they default on a loan despite having the capacity to repay.RBI has asked banks to check all bad loans of ₹25 lakh and above for signs of wilful default.Total outstanding wilful default as of 31 March stood at ₹3.6 trillion.
3 min read30 Jul 2024Bad loans hit 12-yr low, may dip with baseline stress: RBI
Gross bad loan ratio hit a 12-year-low of 2.8% last fiscal year; however, it could rise to 3.4% under a severe stress scenario, RBI said in its semi-annual Financial Stability report
3 min read28 Jun 2024Porinju Veliyath praises RBI, Shaktikanta Das on X as asset quality of banks improves in H1FY24
After the Reserve Bank of India announced that the asset quality of banks has shown significant improvement in the first half of FY24, market expert Porinju Veliyath took to X (formerly Twitter) to praise the central bank on achieving this extraordinary feat.
2 min read29 Dec 2023RBI asks banks and other lenders to hunt down wilful defaulters
A borrower will be classified as a wilful defaulter if they default on a loan despite having the capacity to repay.RBI has asked banks to check all bad loans of ₹25 lakh and above for signs of wilful default.Total outstanding wilful default as of 31 March stood at ₹3.6 trillion.
3 min read30 Jul 2024Porinju Veliyath praises RBI, Shaktikanta Das on X as asset quality of banks improves in H1FY24
After the Reserve Bank of India announced that the asset quality of banks has shown significant improvement in the first half of FY24, market expert Porinju Veliyath took to X (formerly Twitter) to praise the central bank on achieving this extraordinary feat.
2 min read29 Dec 2023