The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.
02 Feb 2020 3:05 AM
The court held that reference to IBC can be made only on a case-to-case basis and that there cannot be a blanket direction to that effect.
03 Apr 2019 12:20 AM
The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.
27 Mar 2019 10:01 AM
Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.
12 Apr 2018 2:28 PM
It said that bail-in amounts to liabilities’ holders bearing a part of the cost of resolution by reduction in their claims.
03 Jan 2018 1:00 AM
The banking sector is saddled with NPAs of over Rs 8 lakh crore of which Rs 6 lakh crore PSBs.
27 Aug 2017 2:06 PM
Total NPAs stand at over Rs 8 trillion of which Rs 6 trillion are with public sector banks.
15 Jun 2017 9:42 AM
Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949, last month.
09 Jun 2017 4:12 PM
RBI changed the consent required for approval of a proposal to 60 per cent by value instead of 75 per cent earlier.
07 Jun 2017 8:20 PM
High NPA levels also impact the capacity of the banking system to support growth.
01 Jun 2017 3:28 PM
Cabinet this week approved promulgation of an ordinance to amend the Banking Regulation Act for resolution of the NPA crisis.
12 May 2017 4:19 PM
Kochhar says new stressed assets rules will help lenders solve problem in a time-bound manner.
06 May 2017 12:42 PM
Central bank can now initiate insolvency process.
06 May 2017 5:09 AM
RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.
05 May 2017 5:53 PM
Ordinance will give greater powers to the Reserve Bank of India to tackle mounting bad loans
05 May 2017 10:06 AM
Banks are in a sweet spot due to a new framework to deal with NPAs and better quarterly results.
05 May 2017 9:50 AM
Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.
04 May 2017 4:53 PM
Lavasa said "we should be able to reach resolution in many of the cases".
04 May 2017 4:11 PM
Public sector banks are saddled with NPAs or bad loans to the tune of a staggering Rs 6 lakh crore.
04 May 2017 12:16 PM
Amendment will empower the RBI to issue direction to banks to recover non-performing assets (NPAs) from loan defaulters.
04 May 2017 10:58 AM