A major scam hit the bank in the mid-1990s when M Gopalakrishnan, the then chairman and managing director, extended loans to undeserving politicians and corporations.
Category: RBI–Banks
RBI backs plan to have an ARC take over stressed power assets – The Hindu BusinessLine
The Reserve Bank of India has seconded the Rural Electrification Corporation’s proposal to form an Asset Reconstruction Company (ARC) to take over stressed assets in
RBI’s Public Credit Registry gives jitters to credit bureaus | Business Standard News
The country’s credit information industry will be transformed when the Reserve Bank of India’s Public Credit Registry (PCR) becomes operational. But the lack of clarity around the
RBI’s dilemma | Business Standard Editorials
When the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) discussed the bi-monthly review of the monetary stance in early June, there was a certain
Negotiable Instruments Act | धनादेशाची पत वाढावी म्हणून.. | Loksatta
‘परक्राम्य संलेख कायदा’ अर्थात ‘निगोशिएबल इन्स्ट्रमेंट्स अॅक्ट’मध्ये दुरुस्ती करणाऱ्या विधेयकास लोकसभेने मंजुरी दिल्यामुळे या संदर्भात नवा आणि कालसुसंगत कायदा बनण्याचा मार्ग मोकळा झाला आहे. भारतात
Delays in resolution and excessive litigation lead banks to sell NCLT exposures for quick cash recoveries – The Financial Express
The accounts which are reported to have seen the most number of lenders exiting are Essar Steel and Bhushan Steel. Lenders have put on sale
CBDT expands scope of tax audit process – The Financial Express
One of the amendments requires reporting on separate expenditure incurred on entities registered under the GST and those that are outside the ambit. The Central
Making Sashakt scheme work – The Financial Express
Earlier this month, a committee of representatives from several banks—led by the Punjab National Bank chairman Sunil Mehta—announced an alternative mechanism for resolving bad loans,
4,387 large borrowers account for 90 per cent of NPAs – The Financial Express
The government today said 4,387 large borrowers accounted for Rs 8.6 lakh crore or 90 per cent of total non-performing assets (NPAs) of the banking
A desirable route to flexible resolution
The new inter-creditor agreement (ICA), signed by two dozen banks and financial institutions, to resolve bad loans is welcome. It gives lenders flexibility in taking
Banks, FIs come together for faster resolution of stressed accounts – Business Line
In a bid to expeditiously tackle stressed assets aggregating ₹3.10 lakh crore in the ₹50-500-crore category, 24 banks on Monday signed an Inter-Creditor Agreement (ICA)
Saying ‘Aye’ to lending to bottom-of-the-pyramid units – EMERGING ENTREPRENEURS – Business Line
Saying ‘Aye’ to lending to bottom-of-the-pyramid units T- Aye Finance also helps micro-enterprisesfind bigger markets for their products Sanjay Sharma and Vikram Jetley, both with
24 lenders sign an inter-creditor agreement for faster NPA resolutions | Business Standard News
Two dozen lenders including State Bank of India and Punjab National Bank on Monday signed an inter-creditor agreement (ICA) to speed up the resolution process of stressed assets in the range of Rs
Lenders sign inter-creditor pact to tackle bad loans – The Financial Express
Lenders sign inter-creditor pact to tackle bad loans As many as two dozen lenders signed the inter-creditor agreement (ICA) on Monday to tackle bad loans
New bond market framework: A big push for corporate borrowings – The Financial Express
The Securities and Exchange Board of India (SEBI) draft report on deepening the bond market is pragmatic, and when read along with the RBI regulations regarding large
Two steps back: Why govt’s withdrawal of FRDI bill is a missed opportunity | Business Standard News
India needs a strategy to get the government out of banking. Non-performing loans among state-owned banks — a legacy of India’s socialist past which account
Wilful blindness about the main cause of bad loans | Business Standard Column
The Central Bureau of Investigation (CBI) has filed a case in the Andhra Pradesh High Court involving a public sector bank (PSB). The bank had given a loan against
Union Bank moves to tighten credit appraisal, monitoring – Business Line
Union Bank of India expects an improvement in the quality of the loan book as it will monitor credit right from the start using analytical
Excessive regulations weighing on PSBs: Rajiv Kumar – Today’s Paper – Business Line
Excessive, ‘holier than thou’ regulations, brought in as part of an effort to clean up the banking system, are preventing public sector banks (PSBs) from
Dropping the FRDI Bill – a belated but wise move – Business Line
The move to drop the Financial Resolution and Deposit Insurance (FRDI) Bill by the Union Cabinet is a wise one. If the Bill had indeed
