Outgoing CEA Arvind Subramanian said the country needs more reforms. Outgoing Chief Economic Adviser (CEA) Arvind Subramanian feels that Indian banking sector should have only a dozon
Category: RBI–Banks
Banks mull AMC route for NPAs with Rs 1-2k-cr debt – The Financial Express
The banker quoted earlier that a lot of smaller power projects would qualify for this approach. Lenders are planning resolutions of stressed assets with outstanding
Panel proposes auction of NPA security receipts worth Rs 90,0000 crore – The Economic Times
The committee on bad-loan resolution led by Punjab National BankNSE -2.96 % chairman Sunil Mehta has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000
Accountants: Tighter rules coming up for CAs, valuers and monitoring agencies – The Economic Times
Sebi has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things. The
SEBI may require firms to raise 25% of financing needs from bond market – Today’s Paper – Business Line
SEBI may make another attempt at building a vibrant market for trading in corporate bonds. On Wednesday, SEBI Chairman Ajay Tyagi said the regulator would
Project Sashakt: Several steps backward | Business Standard Column
There is no clarity on to how and why this will be different from the futile efforts of the last four decades in handling bad
Nothing new in Mehta panel report – Business Line
None of the recommendations give an immediate handle to attempt early resolution of NPAs in banks From a reading of the Sunil Mehta Committee report
Old wine, new bottle – Business Line
The Sunil Mehta panel’s proposals on the banks’ NPA problem are anything but original Project ‘Sashakt’ — the Sunil Mehta-led committee’s five-point plan on bad
Not so ‘Sashakt’ | Business Standard Editorials–06.07.2018
The government has approved a new scheme to address India’s enormous bad loans problem. The scheme, known as “Sashakt”, will divide stressed assets into three
For tackling NPAs, lean on IBC, not AMC – The Financial Express–06.07.2018
Just when many started believing that the idea of a bad bank or an alternate vehicle to offload non-performing assets (NPAs) was stillborn and buried,
A solution for non-performing assets? The main criticism of the AMC proposal relates to the source of funding – The Financial Express–06.07.2018
The non-performing assets (NPA) of banks have been climbing year after year and had reached 11.6% of gross advances by the end of March 2018.
Public, private banks ink pact for faster resolution of stressed assets | The Indian Express–06.07.2018
According to the pact, if 66% of the lenders agree to a decision with regard to a stressed asset, it will be enforceable on the
bad loans: Will the NPA black hole suck in the country’s entire banking universe? – The Economic Times–05.07.2018
To put the NPA problem in perspective, our banks’ stressed assets now stand at 9.6% of our GDP, or about half of Budget 2018. By
End The Mistrust: Prevention of Corruption Act needs to be amended, BJP must take the initiative–Tims of India–05.07.2018—–*****
In the run-up to a general election, it is customary for corruption to dominate political discourse. However, Union minister Arun Jaitley made a refreshing departure
Unsecured loans grow four times the bank credit: Crisil – Business Line–05.07.2018
According to a Crisil Research, as of March 2018, outstanding unsecured loans stood at about Rs 5 lakh crore, accounting for 26 per cent of
RBI tightens norms for banks’ auditors | The Indian Express–05.07.2018—–*****
The Reserve Bank of India (RBI) on Wednesday tightened rules on banks’ statutory auditors saying it will take action against them in case of any
India’s quick fix for banks has a loophole | Opinion | business news | Hindustan Times–05.07.2018
Each new day brings a fresh band-aid in India’s efforts to patch up its banks. Last week’s highlight was an egregious plan to dump moth-eaten
Bad loans are just the tip of the iceberg – Business Line–04.07.2018
Indian banks are hit not just by the alarming rise in NPAs but also by serious governance issues There has been an increased interest around
Rs 800-900 billion needed to resolve large toxic loans, says Sunil Mehta | Business Standard News–04.07.2018
The resolution of banks’ big-ticket stressed assets, those above Rs 5 billion, would need funds worth Rs 800-900 billion from domestic and international investors. So
Public sector banks draw up bad loan resolution plan – The Economic Times–04.07.2018
The alternate investment fund proposed by state-run banks under the five-pronged resolution plan drafted by them will look to raise funds from domestic investors and
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