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Spectre of default, credit pain may tail banks next year too

News and Press Release - Dated:- 30-12-2016 - New Delhi, Dec 30 (PTI) The struggle on bad loans that soared to menacing proportion in 2016 would continue in the new year as many more industrial units, especially in the MSME sector, may turn defaulter .....

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ing sector came almost to a standstill for nearly two months after the surprise announcement by Prime Minister Narendra Modi on November 8 scrapping ₹ 500 and 1,000 notes. Out of the 27 public sector banks, 14 posted losses, aggregating ₹ .....

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e increase in gross non-performing assets (NPAs) in the three months ended September 2016. Their gross NPAs rose to ₹ 6,30,323 crore as against ₹ 5,50,346 crore by June-end. Mindful of an NPA surge in the aftermath of the cash recall, RBI .....

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ful defaulters are concerned, PSBs have reported 16 per cent rise at 8,167 that collectively owe them ₹ 76,685 crore at the end of March 2016. Dues to the banks went up by 28.5 per cent to ₹ 76,685 crore in 2015-16, from the earlier ͅ .....

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