Rohini Mohan India Correspondent
PUBLISHEDSEP 26, 2021, 4:47 PM SGT
BANGALORE - With unpaid corporate loans at a record high in India, the government has set up a "bad bank" to resolve such loans, paving the way for a major clean-up of the banking system.
Flush with 30.6 billion rupees (S$560 million), the...
RIDHIMA SAXENA SEP 14, 2021, 13:31 IST
As part of the merger, Clix Capital Services will also need to take on Suryoday Small Finance Bank’s gross bad loans worth ₹381 crore. That's nearly a quarter of Clix Capital’s own net worth.Both the entities are into completely different lines of business. Suryoday SFB is essentially a...
Since founder Kapoor’s departure as managing director and chief executive of Yes Bank, several of these large exposures of the private sector lender have soured.
Livemint | By Gopika Gopakumar, Deborshi Chaki, MumbaiUPDATED ON JUL 30, 2021 02:23 AM IST
Two years after Rana Kapoor’s exit, Yes Bank continues to grapple...
India will likely need to pump in additional capital into any state-owned banks it puts on the block to make them attractive for potential buyers, and faces challenges that range from the need to amend the nation's banking laws to hostile employee unions, analysts say.
Finance Minister Nirmala Sitharaman said...
Independent banking expert Hemindra Hazari, who has studied the governance of banks in India extensively, says that he was “not surprised” that all these events have come to light in recent months, post Puri’s retirement. “Puri was so focussed on achieving targets and getting the ladoo in each business line that compliance took a backseat under his leadership,” Hazari says. Jagdishan is firmly trying to correct this while not compromising on growth. “Jagdishan is doing an honest job.’
