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
Category: RBI–Banks
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
Govt decides against removing RBI nominees from PSB boards, cites NPA issue | Business Standard News
The government has decided to turn down the Reserve Bank of India’s (RBI’s) demand for removing the regulator’s nominees from the boards of public sector banks (PSBs).
Small biz exports hit by GST refund delay – The Economic Times
Exports by small businesses were adversely affected by a delay in refund of upfront goods and services tax (GST) and input credit, which put pressure on their
Bad loans: Make pre-sanction process more diligent, RBI official tells banks – The Financial Express
One of the areas which the central bank has been emphasising is making the banks identify stress early, he said. A senior central bank official
MSMEs finance: Look who’s eating away banks’ share – The Financial Express
The share of credit provided by banks to micro, small and medium enterprises (MSMEs) has declined since September 2016, even as the share of loans
Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs | Business Standard News
The government has asked the Reserve Bank of India (RBI) to consider diluting the Prompt Corrective Action (PCA) framework, to ensure that regulatory sanctions against
RBI is right | Business Standard Editorials
The Allahabad High Court is set to hear on Monday the Reserve Bank of India (RBI)’s final submissions on a case filed by power companies
Cosmos Bank Hacking: North Korean connection to Cosmos hacking? Signs point to Bangladesh heist masterminds–Economic Times
The highly orchestrated event could be the handiwork of Lazarus, North Korea’s most prolific hacking group Hackers targeted an 112-year-old Pune bank, Cosmos, last week in
NPA worries: Outlook on banks to remain negative, warns Fitch; this whopping amount needed to bolster capital – The Financial Express
The rating agency believes the country’s banks will need USD 40-55 billion in additional capital to meet the Basel-III requirements by 2019. The outlook for
Lenders can sell assets of personal guarantors under IBC: Apex court – The Financial Express
The Supreme Court on Tuesday ruled that banks can sell off assets of personal guarantors even when corporate resolution proceedings are on against the corporate
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