{"id":54659,"date":"2017-05-14T01:31:11","date_gmt":"2017-05-13T18:31:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=54659"},"modified":"2017-05-13T23:39:56","modified_gmt":"2017-05-13T16:39:56","slug":"a-chance-for-indian-banks-to-move-on","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-chance-for-indian-banks-to-move-on\/","title":{"rendered":"A chance for Indian banks to move on"},"content":{"rendered":"


\nAditya Berlia, an executive board member of the Apeejay Stya and Svran Group, a family-run industrial and investment house in New Delhi, talks about bad debt and distressed assets in India.What’s the general scenario like when it comes to bad debt in India?Non-performing loans have been a huge liability for the Indian economy, and something which the government has been trying to deal with for the last few years. Internationally, these are dealt with using bankruptcy proceedings, restructuring activities and asset sales.
\nHow is this affecting your business?Our group, being in a cash surplus situation, has been looking at purchasing several distressed assets in the last two years, but unfortunately, while the assets have been labelled as “distressed” by banks and even promoters, they had not discounted their value down to realistic levels. In many cases the book value of these assets has been greater than even the ideal market value – forget about the distressed value.
\nWhat are your thoughts on the RBI’s increased powers and efforts to manage the problem of bad debt in India?The new move by the RBI is welcome as it may allow banks to try and sell these distressed assets at distressed prices. Earlier there was great opposition to this, as misbehaving promoters might have tried to buy these assets back at the lower price, which the banks were philosophically opposed to. It is heartening to see that there is a move towards a pragmatic approach, where concentration on getting maximum value and closing history takes precedence.
\nWhat is the outlook with regards to this situation?Many of these assets have severely depreciated due to poor maintenance and encroachment while the banks and promoters figured out a process. It is time that banks are able to move on from the NPA crisis, and close their old losses so they can concentrate on fresh, proper lending to propel the economy forward.business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…A chance for Indian banks to move on<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aditya Berlia, an executive board member of the Apeejay Stya and Svran Group, a family-run...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-54659","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-edB","jetpack-related-posts":[{"id":102291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spanish-banks-step-up-sales-of-bad-loans-and-distressed-property\/","url_meta":{"origin":54659,"position":0},"title":"Spanish banks step up sales of bad loans and distressed property","date":"December 14, 2018","format":false,"excerpt":"\r Banco Sabadell agrees deal to offload real estate services unit and Bankia nears \u20ac3bn bad debt sale\r \r Source : ft.com\r Read more...Spanish banks step up sales of bad loans and distressed property","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-stamp-duties-interest-rates-will-not-increase-distressed-property-asset-sales-in-hong-kong-analysts-say\/","url_meta":{"origin":54659,"position":1},"title":"Higher stamp duties, interest rates will not increase \u2018distressed\u2019 property asset sales in Hong Kong, analysts say","date":"December 12, 2016","format":false,"excerpt":"\r The number of distressed property assets in Hong Kong will remain low, despite the recent stamp duty hike and likely interest rate rise later this week, analysts say. Distressed assets \u2013 those that owners are forced to sell at lower-than-market prices for reasons such as bankruptcy or debt \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-backed-private-equity-starts-a-fund-to-buy-out-distressed-debt-take-advantage-of-nations-deleveraging-campaign\/","url_meta":{"origin":54659,"position":2},"title":"China\u2019s state-backed private equity starts a fund to buy out distressed debt, take advantage of nation\u2019s deleveraging campaign","date":"May 9, 2019","format":false,"excerpt":"\r Citic Capital, one of the largest private equity firms backed by the Chinese state, is raising US$500 million for its first buyout fund for distressed assets in China, placing a bet on the opportunities available in the country\u2019s campaign to shed debt.\u201cThere are lots of good real estate projects\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-restructuring-quasi-unavoidable-amid-distress-as-free-pass-on-debt-binge-ends\/","url_meta":{"origin":54659,"position":3},"title":"China Evergrande\u2019s restructuring \u2018quasi unavoidable\u2019 amid distress as \u2018free pass\u2019 on debt binge ends","date":"September 13, 2021","format":false,"excerpt":"\r Investors focusing on Asian high yield and distressed bonds are circling China Evergrande Group as the developer seeks fresh capital to pull through its biggest survival test after accumulating more than US$300 billion of liabilities.The firm, struggling to contain a market sell-off and regulatory warning, may have to restructure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fund-run-by-sunderland-fc-owner-raises-1-1bn-for-distressed-european-property-assets\/","url_meta":{"origin":54659,"position":4},"title":"Fund run by Sunderland FC owner raises \u00a31.1bn for distressed European property assets","date":"July 24, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Fund run by Sunderland FC owner raises \u00a31.1bn for distressed European property assets","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/intu-would-be-550m-bid-bargain-but-for-1bn-debt\/","url_meta":{"origin":54659,"position":5},"title":"Intu would be \u00a3550m bid bargain, but for \u00a31bn debt","date":"September 10, 2019","format":false,"excerpt":"\r Orion unlikely to repeat its success with distressed retail assets in Spain\r \r Source : ft.com\r Read more...Intu would be \u00a3550m bid bargain, but for \u00a31bn debt","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54659"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=54659"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54659\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=54659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=54659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=54659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}