The Reserve Bank of India (RBI) on Wednesday said it will implement the ombudsman scheme for digital transactions because of a rise in complaints. According to its annual report for
Category: RBI–Banks
Now, NBFCs may be allowed to take defaulting borrowers to IBC as RBI may extend resolution framework – The Financial Express
If the resolution is not approved with 180 days, these institutions will have to initiate insolvency resolution under the Insolvency and Bankruptcy Code. India’s central
Stressed power assets: Panel to discuss ARC, no fiat to RBI under Section 7 – The Financial Express
The empowered committee on power, in its crucial meeting on Friday, could discuss a proposal to set up an asset reconstruction company (ARC) to take
Financial fraud: Ministry of corporate affairs to crack down on firms – The Financial Express
The move comes in the wake of a series of resignations of auditors from listed companies. Auditors in over 200 listed companies have resigned so
Frauds at PSBs more than those at private banks – The Financial Express
According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in
Disclose action taken against wilful defaulters over Rs 50 cr loans: CIC – The Hindu BusinessLine
The action taken against wilful defaulters of banks loans of above Rs 50 crore should be made public by the Finance Ministry, Ministry for Statistics
PSBs likely to see tough days ahead: ICRA – MONEY & BANKING – The Hindu BusinessLine
The total loss before tax for public sector banks (PSBs) in FY2019 is estimated at Rs. 41,900-1,01,600 crore, depending on the credit provisioning on stressed
70 big companies may be heading for resolution under the IBC: ICRA | Business Standard News
The gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per cent as on June 30, 2018,
30 stressed power accounts set to go to NCLT as RBI’s NPA deadline ends | Business Standard News
Lenders to about 30 stressed power assets will refer them to bankruptcy courts, after the Allahabad High Court denied any relief to the sector from the Reserve
Power assets: Be proactive on stressed power assets: HC to government–Economic Times
The Allahabad High Court has firmly told the government to consider issuing a directive to Reserve Bank of India against the February 12 circular on how lenders should deal
Government to hold talks on seeking RBI relief for stressed power firms – The Economic Times
The government will consider asking the Reserve Bank of India (RBI) to allow a further 180-day relief for sustainable but stressed projects in the power sector in
Let banks form SPV to own power assets–Economic Times
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
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
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