Banks may face 60% haircut on power loans

Banks may face 60% haircut on power loans

Banks may have to take a haircut of as much as 60% from the close to Rs 1.8 lakh crore of loans to the power sector after the Allahabad High Court denied power companies interim relief from Reserve Bank of India’s tightened NPA regulations

RBI deadline over, 20 new NPA accounts to go to NCLT

RBI deadline over, 20 new NPA accounts to go to NCLT

As the deadline set by the Reserve Bank of India (RBI) for resolution of stressed assets ended Monday, lenders have decided to refer 20 of at least 32 NPA accounts to bankruptcy courts, according to two bankers aware of the matter.

RBI deadline for resolution of ₹ 3.8 trillion in NPAs ends today

RBI deadline for resolution of ₹ 3.8 trillion in NPAs ends today

With the deadline set up by Reserve Bank of India (RBI) for resolution of stressed assets worth around ₹ 3.8 trillion coming to an end today, all eyes are on the expected Allahabad high court judgement on a clutch of petitions against the central bank’s 12 February circular.