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Union Finance Minister Nirmala Sitharaman speaks during a press conference at NMC in New Delhi, Thursday, Sept. 16, 2021. (PTI /Manvender Vashist)

Bad bank to get Centre's boost

Centre to guarantee Rs 30,000 crore purchase of NPAs by bad bank

17 Sept 2021 7:58 AM IST

Union Finance Minister Nirmala Sitharaman speaks during a press conference at NMC in New Delhi, Thursday, Sept. 16, 2021. (PTI /Manvender Vashist)

Government gives Rs.30,600 crore guarantee to set up 'Bad Bank'

A bad bank' is a bank that buys the bad loans of other lenders and financial institutions to help clear their balance...

17 Sept 2021 7:01 AM IST

Finance Minister Nirmala Sitharaman in the Lok Sabha during Budget Session of Parliament. (Photo: PTI)

Decks cleared for bad bank to start

A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

29 Jan 2022 8:41 AM IST

Chief Economic Adviser Arvind Subramanian

Country needs bad bank badly: Subramanian

Chief Economic Adviser proposes setting up a public asset rehabilitation agency to fix balance sheet.

22 Feb 2017 5:48 PM IST

RBI governor Urjit Patel

RBI revises PCA rules to tackle Rs 6 lakh crore bad loans

Central bank issues new set of enabling provisions under label of revised prompt corrective action framework.

14 April 2017 11:53 AM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Bad banks will help shed NPAs faster: Fitch

Fitch expects stressed-asset ratio to rise over coming year from the 12.3 per cent recorded at end-September 2016.

24 Feb 2017 2:08 PM IST

Finance Minister Arun Jaitley

Jaitley says universal basic income has 'political limitations'

Arun Jaitley also said the finance ministry is debating the Economic Survey's suggestions of UBI and creation of bad...

12 Jun 2017 2:40 PM IST