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Bad News For Trump, US Loses Last AAA Rating, Moody's Flags Rising Debt
The United States lost its last triple-A credit rating from a major agency as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.
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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
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Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans
The Government today introduced The Insolvency and Bankruptcy Code (Amendment) Bill 2019, that seeks to ensure timely completion of debt resolution process and provide more clarity on rights of stakeholders.
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"Will Go After Thieves Who Left Pakistan In Debt," Says Pak PM Imran Khan
Pakistan Prime Minister Imran Khan has vowed to go after the "thieves" who left the country badly in debt and set up a high-powered commission to probe huge debts incurred during the last 10 years, as he defended arrests of several key political figures in corruption cases.
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Prannoy Roy, Arvind Subramanian On Banking, Farmer Crises: Highlights
Former Chief Economic Advisor Arvind Subramanian speaks to NDTV's Prannoy Roy on a range of issues in front of the Indian economy today. From the bad debt crisis in the banking sector to the growing agrarian distress, the Dr Subramanian weighs in on the good, bad and ugly of Asia's third-largest economy.
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Demonetisation And GST Destroyed Economy: Rahul Gandhi In Rajasthan Rally
Rahul Gandhi claimed the government had destroyed the country's economy with decisions like demonetisation and GST.
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This Financial Year, Centre Expects Recovery Of 1.8 Lakh Crore Bad Loans
The government expects recovery of around Rs 1.8 lakh crore worth of bad loans during the current fiscal through measures like the insolvency and bankruptcy code and debt recovery tribunals.
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Congress' "Phone-A-Loan" Scam Caused Bad Debt Problem, Says PM Modi
Prime Minister Narendra Modi today blamed 'phone-a-loan' scam of the previous UPA government for the bad loans in the banking sector and said every penny given at the behest of 'namdars' (dynasts) will be recovered.
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Kidnapped, Taken To Remote Bungalow. He Is A Bankruptcy Professional
Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving.
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Lavasa, A Billionaire's Dream City Near Mumbai, Turns Into Ghost Town
The days of zero crime are over. Garbage collection is sporadic, so litter soils the man-made lake. Storefronts are vacant. Signs of neglect are everywhere: maintenance is late or nonexistent.
-
RBI Governor To Brief Parliamentary Panel On Mounting Bad Debts
RBI Governor Urjit Patel will appear before a parliamentary panel on June 12, of which former prime minister Manmohan Singh is a member, to brief them about banking frauds and mounting non-performing assets (NPAs).
-
In Mumbai, Delhi, How Once-Hot Property Market Has Tanked
The property developers are adding to a pile-up of bad loans in India's banking sector, which is already struggling to manage a spike in stressed assets across several industries.
-
Resolution Of Bad Loans, GST Implementation To Lift Growth: Economic Survey
"The new Indian Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce their debts," it said.
-
HDFC Bank Plans Up To Rs 24,000-Crore Share Sale
HDFC Bank has the lowest bad-loan ratio among India's top banks and is an investor favourite with its consistent profit growth in a sector whose profitability has been burdened by the large amount of bad debt in their books.
-
Bad News For Trump, US Loses Last AAA Rating, Moody's Flags Rising Debt
The United States lost its last triple-A credit rating from a major agency as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
-
Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans
The Government today introduced The Insolvency and Bankruptcy Code (Amendment) Bill 2019, that seeks to ensure timely completion of debt resolution process and provide more clarity on rights of stakeholders.
-
"Will Go After Thieves Who Left Pakistan In Debt," Says Pak PM Imran Khan
Pakistan Prime Minister Imran Khan has vowed to go after the "thieves" who left the country badly in debt and set up a high-powered commission to probe huge debts incurred during the last 10 years, as he defended arrests of several key political figures in corruption cases.
-
Prannoy Roy, Arvind Subramanian On Banking, Farmer Crises: Highlights
Former Chief Economic Advisor Arvind Subramanian speaks to NDTV's Prannoy Roy on a range of issues in front of the Indian economy today. From the bad debt crisis in the banking sector to the growing agrarian distress, the Dr Subramanian weighs in on the good, bad and ugly of Asia's third-largest economy.
-
Demonetisation And GST Destroyed Economy: Rahul Gandhi In Rajasthan Rally
Rahul Gandhi claimed the government had destroyed the country's economy with decisions like demonetisation and GST.
-
This Financial Year, Centre Expects Recovery Of 1.8 Lakh Crore Bad Loans
The government expects recovery of around Rs 1.8 lakh crore worth of bad loans during the current fiscal through measures like the insolvency and bankruptcy code and debt recovery tribunals.
-
Congress' "Phone-A-Loan" Scam Caused Bad Debt Problem, Says PM Modi
Prime Minister Narendra Modi today blamed 'phone-a-loan' scam of the previous UPA government for the bad loans in the banking sector and said every penny given at the behest of 'namdars' (dynasts) will be recovered.
-
Kidnapped, Taken To Remote Bungalow. He Is A Bankruptcy Professional
Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving.
-
Lavasa, A Billionaire's Dream City Near Mumbai, Turns Into Ghost Town
The days of zero crime are over. Garbage collection is sporadic, so litter soils the man-made lake. Storefronts are vacant. Signs of neglect are everywhere: maintenance is late or nonexistent.
-
RBI Governor To Brief Parliamentary Panel On Mounting Bad Debts
RBI Governor Urjit Patel will appear before a parliamentary panel on June 12, of which former prime minister Manmohan Singh is a member, to brief them about banking frauds and mounting non-performing assets (NPAs).
-
In Mumbai, Delhi, How Once-Hot Property Market Has Tanked
The property developers are adding to a pile-up of bad loans in India's banking sector, which is already struggling to manage a spike in stressed assets across several industries.
-
Resolution Of Bad Loans, GST Implementation To Lift Growth: Economic Survey
"The new Indian Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce their debts," it said.
-
HDFC Bank Plans Up To Rs 24,000-Crore Share Sale
HDFC Bank has the lowest bad-loan ratio among India's top banks and is an investor favourite with its consistent profit growth in a sector whose profitability has been burdened by the large amount of bad debt in their books.
