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The case was first detected by the Delhi police after it intercepted three persons with about Rs 3.7 crore cash in old notes in front of the Axis Bank branch in November last year.

RBI directed resolution of 12 bad loan accounts by December: Axis Bank

It said around 75 per cent of the outstanding was secured and the provision held for this outstanding was Rs. 862 crore.

2 Sept 2017 11:26 AM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

PNB directs 9 bad loan accounts for insolvency resolution

The Reserve Bank earlier in June had asked banks to finalise a resolution plan within six month to resolve bad loans.

8 Aug 2017 8:44 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI files insolvency against Electrosteel at NCLT

The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by...

29 Jun 2017 2:57 PM IST

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Banks to increase provisioning by 25 per cent post NPA haircut: Crisil

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code...

26 Jun 2017 5:14 PM IST