Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs
Category: RBI–Banks
Banks looking to unload Rs 7.3k-cr NPAs from books – The Economic Times
A group of lenders, including Bank of India, State Bank of IndiaNSE -0.66 % (SBI), Allahabad BankNSE 0.00 % and Dena BankNSE -1.50 %, is planning to jointly dispose of
Power sector NPAs call for unique fix
Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs
एनपीए आणि राजन – Maharashtra Times
बँकांमधील वाढत्या थकीत कर्जाचा (एनपीए) अभ्यास करणाऱ्या संसदीय समितीने रिझर्व्ह बँकेचे (आरबीआय) माजी गव्हर्नर रघुराम राजन यांना पाचारण करण्याचा घेतलेला निर्णय, ही राजन यांच्या गुणवत्तेची
After IBC war on NPAs, Modi government gets tough on bank frauds; warns CEOs to keep check or face action – The Financial Express
In a stern warning to bankers, the Finance Ministry has asked chief executives of public sector banks (PSBs) to check all NPA accounts exceeding Rs
Keep the regulator off boards of banks–Economic Times
The government is reported to be against the Reserve Bank of India (RBI) withdrawing its nominees from the boards of public sector banks. This is
Public credit registry will widen credit, improve quality: RBI DG – The Economic Times
Acharya quoted the World Bank’s Doing Business 2018 report saying that 44 countries had both a PCR and PCBs while 52 counties had only a
PCR: A comprehensive platform–Economic Times
By Ashu Suyash The Public Credit Registry (PCR), a body proposed by a high-level task force set up by the Reserve Bank of India (RBI), promises
Unitech case: Supreme Court orders sale of personal assets – The Financial Express
Cracking its whip on Unitech, the Supreme Court on Tuesday asked the Dhingra committee to sell all the unencumbered personal assets of the directors of
Allahabad High Court reserves order on stressed power assets – The Financial Express
As per the circular, lenders will have to come out with a resolution plan for as many as 34 stressed power plants worth Rs 2.5
RBI can’t be on bank boards – Here is why – The Financial Express
As a regulator, the central banks must have the right to decide whether or not it wants RBI executives to be directors on the boards
Operating guidelines by next week, says SBI deputy MD – The Financial Express
Operating guidelines for lead banks and the steering committee under the inter-creditor agreement (ICA) will be issued by the middle of next week, said C
Why Gurumurthy & RBI are a mismatch–Economic Times–
The quality of mercy, we know, is not strained, that is, forced. Can the quality of success be stretched? Does success in one field qualify
Take realistic view of loan losses: Govt tells banks – The Economic Times-R
Banks should take a realistic view for their loan losses appearing out of insolvency proceedings that resolve bad loans in a time bound manner, said senior government officials.
RBI stands firm: ‘Power sector has chronic defaulters’ – The Financial Express
In a stern rebuttal of the power ministry’s contention that only “external factors” are to be blamed primarily for the high incidence of stress in
For quick loan decisions, consortiums to get slimmer, says SBI Chairman – MONEY & BANKING – The Hindu BusinessLine
To ensure that there is no delay in decision-making on loans, the banking system is looking at reducing the number of members in a consortium
RBI Deputy Governor bats for umbrella law for public credit registry | Business Standard News
Reserve Bank of India (RBI) Deputy Governor Viral V Acharya on Monday called for enacting a special law to enable the proposed public credit registry (PCR) to come into being,
MCA probes Jet Airways on suspicion of siphoning funds: Sources | Business Standard News
The Ministry of Corporate Affairs is probing allegations of fund siphoning at Jet Airways, the country’s second largest domestic airline by market share. “The probe is at
Big cracks surface among banks over inter-creditor agreement pinpricks | Business Standard News
All’s not well among banks despite a public show of solidarity on the stated merits of the freshly minted inter-creditor agreement (ICA) to clean up the dud-loan
Govt’s amendments must to boost credit bureaus, says NS Vishwanathan | Business Standard News
The Reserve Bank of India (RBI) wants to strengthen the credit bureaus, but to do that the government has to make some legislative amendments, RBI Deputy Governor
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