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
Category: RBI–Banks
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
reserve bank of india: Reserve Bank to hold joint audit of credit rating agencies with Sebi – The Economic Times
Credit rating agencies will come under closer regulatory watch amid corporates battling bankruptcies, lenders taking hefty haircuts, and banks trying to prune sticky loans. The Reserve
Timely withdrawal | Business Standard Editorials
The government on Wednesday decided to withdraw the Financial Resolution and Deposit Insurance (FRDI) Bill from consideration by Parliament, where it has been referred to
FRDI Bill fiasco: More caution needed in policy-making – NEWS – Business Line
The sudden u-turn by the Centre on the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 has many implications on policy-making. The Bill, which was
ECGC to halve export credit cover for banks – MONEY & BANKING – Business Line
In the backdrop of record claims payment of Rs. 1,283 crore in FY2018, government-owned ECGC has decided to reduce export credit cover for banks to
Not a bankable move – OPINION – Business Line
Curbs on third parties depositing cash Recently I visited a new generation private sector bank to deposit cash in my wife’s account. I had carried
FRDI, fried stuff and stuffed pillows – OPINION – Business Line
Motu’s living room had a ransacked look about it as Chotu entered. Pillows, cushions and mattresses were strewn all over. Kya hua Motu, was there a
Can Project Sashakt take off in time to prevent NPAs from moving to IBC? | Business Standard News
Till recently, the Insolvency and Bankruptcy Code (IBC) was projected by the government as a silver bullet for resolving the bad loans that have been plaguing the banking system.
After public outcry, Govt drops FRDI Bill – Business Line
The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet,
‘Govt should show seriousness in the viability of PSBs’ – MONEY & BANKING – Business Line
Tomorrow marks the start of the golden jubilee year of bank nationalisation in the country. In light of the troubles that public sector banks have
Government likely to withdraw controversial FRDI Bill in current Parliament session – The Economic Times
This provision had raised concerns that deposits could be used to bail out failing banks. The government is likely to withdraw the controversial FRDI Bill in the
Why PSBs have little to cheer about – The Financial Express
For a wide range of customers, the trust in banks is dwindling by the day. Neither the $2.6-trillion GDP, overtaking France, nor the EoDB rankings
Have loans? Reasons that can lead a small business to bankruptcy – The Economic Times
By Rishi Mehra Various events and the manner in which a business is run can lead to its bankruptcy. If you have creditors, it is
Why auditors needs to first put their house in order – The Economic Times
Bad loans of banks and corporate scandals have revealed the rot in the system. But what is at the centre of it all despite all
Insolvency process: Videocon lenders’ claims at Rs 59,000 crore – The Financial Express
The company reported a net loss of Rs 2,709 crore on net sales of Rs 13,743 crore in FY17, which was a 15-month period following
Ringside View: Inter-creditor agreement- dead on arrival? – The Economic Times
Banks have to initiate bankruptcy proceedings within 180 days of missing payments in any account above Rs 2,000 crore if they are unable to restructure.
Question marks over bad loan plan | Business Standard Column
Arvind Subramanian, the outgoing Chief Economic Advisor, thinks India’s bad loan problem can’t be solved in a year or two. Piyush Goyal, the minister in charge of
