All is not lost for the banks and the power projects that are unable to service their loans and now face bankruptcy proceedings within the
Category: RBI–Banks
Urjit Patel | RBI Governor: From defence to defiance: The evolution of Urjit Patel–Economic Times
Compared to his predecessor Rajan, the number of public appearances may be next to nothing, but whenever the situation warranted, Patel did not hesitate to
Pay app: Google, banks team up for digital loans – The Financial Express
In what appears to be a symbiotic relationship, Google’s India arm said on Tuesday it was teaming up with HDFC Bank, ICICI Bank, Federal Bank and
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
bank loans: Stressed assets: Big bank clean-up enters the last lap – The Economic Times
Incidentally, the last ray of hope has also faded for India Inc, with the Allahabad High Court refusing to provide any relief to power companies.
Beware of debit, credit cards frauds! Know how to save your hard-earned money from fraudsters – Here is what they do – The Financial Express
Three men were arrested for allegedly duping hundreds of people by seeking their bank account details on the pretext of renewing their credit and debit
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
Allahabad High Court order fails to resolve all issues of power sector | Business Standard News
The Allahabad High Court (HC) order has not cleared the air for stressed power assets that have insolvency looming over them, leaving the door open for more
Banks must prepare blueprint for long-term growth: Jaitley – The Hindu BusinessLine
Finance Minister Arun Jaitley on Monday said India has the potential to become the fifth-largest economy in the world by next year, and urged banks
What’s causing the rupee to weaken – The Hindu BusinessLine
Persistent current account deficit and net capital outflows are the key reasons for the fall The rupee has crossed the 70 mark against the US
bad loans: Lenders will have 15-days to resolve the stressed accounts that come within RBI’s Feb 12 circular – The Economic Times
Banks will have a window of another 15 days to resolve the stressed assets that comes within the remit of the Reserve Bank of India’s
The policymaker versus the promoter – The Financial Express
The government—being the main equity holder in PSU banks—appears to be warming up to the idea of waiver for the power sector from RBI’s new
Judicious decision | Business Standard Editorials
The Allahabad High Court has taken the right decision by denying interim relief to power companies from the Reserve Bank of India’s (RBI’s) February 12
Can govt direct central bank on policy and regulations? Yes, says RBI Act | Business Standard News
The Allahabad High Court on Monday asked the central government to hold consultations with the Reserve Bank of India (RBI), under Section 7 of the RBI Act 1934, on the way
End dual control of PSBs, says Reddy – MONEY & BANKING – The Hindu BusinessLine
YV Reddy, former Governor of the Reserve Bank of India, on Thursday called for putting an end to the ‘dual control’ of public sector banks.
Just 3 days left: Round 2 of war on NPAs to begin soon; here’s what RBI rule states – The Financial Express
Just 3 days left: Round 2 of war on NPA to begin soon; here’s what RBI rule states Round two of the war on non-performing
Clock is ticking for Rs 3.8 trn stressed assets; 70 firms may land in NCLT | Business Standard News
The fate of about 70 big-ticket stressed accounts with loans of over Rs 3.8 trillion is uncertain as the deadline of August 27 for firming
More financial scams in the offing, says West Bengal FM Amit Mitra | Business Standard News
West Bengal Finance Minister Amit Mitra has termed the rising non-performing assets (NPAs) in the economy as a “serious crisis”. “Macroeconomic scenario of the banking
Banks want to tap database of I-T, GST departments – The Hindu BusinessLine
To guard against a further increase in bad loans, banks are planning to dig deeper when it comes to loan appraisals by tapping the database
[RBI] Conflict of interest | Business Standard Editorials
The Union government’s decision to turn down the Reserve Bank of India’s (RBI’s) demand to remove its nominees on the boards of public sector banks
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