While maintaining its negative outlook on non-banking finance company (NBFCs) including retail and wholesale and housing finance company (HFC) sectors for the second half of FY20-21 (H2FY20-21), amid COVID-19 related business disruptions, India Ratings and Ratings (Ind-Ra) feels that rhe time...
Despite a stay by Delhi High Court on Bank of Baroda as the lead bank, Indian Bank has classified its loan exposure to Reliance Home Finance as fraud.
Indian Bank has classified its exposure to Reliance Home Finance Ltd (RHFL) as a fraud account. As per information reported on...
In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December.
In a gazette notification, the ministry of corporate...
COVID-19 and the oil price shock of 2020 are taking a heavy toll on global banks. While recovery of banking jurisdictions to pre-COVID-19 levels will be slow, uncertain and highly variable across sectors and geographies, India, Mexico, and South Africa are among the banking systems that will...
Punjab National Bank (PNB) is yet another public sector lender to have written off a massive Rs44,565.59 crore as technical write-offs in a four-year period from FY16-17 to FY19-20. As against these write-offs, the recovery was just Rs12,027.97 crore.
If one were to look at large...
