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
Category: RBI–Banks
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
Power sector NPAs call for unique fix–Economic Times
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
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
