The move to create an alternate resolution plan for distressed assets in addition to the bankruptcy code is a good idea. The plan, proposed by
Category: RBI–Banks
‘RBI’s new working capital norms likely to push up default rates’ | The Indian Express–04.07.2018
The Reserve Bank of India’s new draft guidelines on the disbursement of working capital credit are likely to hit the liquidity profile of the most
Jaitley speaks out against witch hunt of bankers – The Hindu–04.07.2018
Union Minister Arun Jaitley on Tuesday spoke strongly against the ‘witch hunt’ against the bankers by investigative agencies and said the Prevention of Corruption Act
No bad bank plan, but govt now has a 5-point strategy to deal with NPAs: FM Piyush Goyal – The Economic Times–03.07.2018
Finance minister Piyush Goyal on Monday said that government has accepted a report submitted by a committee of bankers led by Punjab National Bank chairman Sunil
Mehta panel submits 5-point plan to fight NPAs – Business Line–03.07.2018
The high-level committee on restructuring stressed assets and creating more value for public sector banks (PSBs) has suggested a transparent market-based solution with a focus
Can ARCs ease banks’ burden? – Business Line–01.07.2018
With banks reeling under bad loans, talk of setting up a public asset reconstruction company has flowed and ebbed. In this context, we look at
NPA conundrum – Business Line–01.07.2018
The Financial Stability Report spells out the bad loan issues but falls short on solutions Despite a spate of recent efforts, the non-performing assets in
Raman quits RBI panel, says CBI chargesheet created ‘anguish’ | The Indian Express–01.07.2018
Former Canara Bank Chairman and MD S Raman, against whom the Central Bureau of Investigation (CBI) has filed a charge sheet in connection with an
One-day rule: Defaults jump, hit Rs 1.2 lakh crore – The Financial Express–29.06.2018
More than 4,000 borrowers with outstanding loans of Rs 1.2 lakh crore have defaulted under the Reserve Bank of India’s (RBI) one-day default norms as
Kotak Mahindra Bank: Comfortable with NPAs, enough good borrowers in the SME space–28.06.2018
In FY 2018, some of the customers have shown a reasonable degree of growth in their turnovers. GST has also helped in reducing the administrative
Want real stress? Try bad loans in India at 20% | Opinion | business news | Hindustan Times–28.06.2018
Imagine India’s GDP growth had collapsed to 3%; inflation was about to hit double digits; exports were tanking; and the country’s twin deficits – in
Reality check: On bank NPAs – The Hindu–28.06.2018
The worst is far from over for Indian banks. The financial stability report released by the Reserve Bank of India on Tuesday has warned that
PSU banks: PSBs account for 85% of bank fraud cases: RBI report – The Economic Times–27.06.2018
State-run lenders accounted for a staggering 85 per cent of nearly 6,500 fraud cases, amounting to more than Rs 30,000 crore, RBI‘s latest edition of Financial
Nearly one-fourth of banks loan book has turned sour: RBI report – The Economic Times–27.06.2018
The report also pointed out that earnings of the 14 weak banks have been worsening since September 2016 and “more efforts will be needed to
RBI deputy governor Viral Acharya praises Modi’s IBC, says bodes well for system – The Financial Express–27.06.2018
RBI Deputy Governor Viral Acharya today said initiatives like Insolvency and Bankruptcy Code and norms for prompt recognition of bad loans bode well for financial stability
Banks’ NPAs status to worsen to over 12% by fiscal-end: RBI – The Financial Express–27.06.2018
The gross non-performing assets (GNPAs), or bad loans, ratio in the Indian banking system is likely to rise from 11.6 per cent in March 2018
Buck stops with bank chairmen, boards | Deccan Herald–27.06.2018
The latest banking scandal to the surface is the Rs 3,000-crore fraud in Bank of Maharashtra (BoM) in which the CEO and Managing Director and
Off-balance sheet war chest of government?–Economic Times–26.06.2018
It’s still early stages, but the reported plan to have Life Insurance Corporation of India (LIC) infuse fresh capital in bad debt-laden IDBI Bank to
Leave LIC alone | Business Standard Editorials–26.06.2018
One of the options on the table for the revival of the troubled IDBI Bank is reportedly its purchase by the Life Insurance Corporation of India Limited, or LIC. Currently, India’s
Virtual ID: RBI asks banks to tweak systems by June 30 – The Financial Express–23.06.2018
The Reserve Bank of India (RBI) has asked all banks to tweak their systems by June 30 to enable the use of virtual IDs (VIDs)
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