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Economic Affairs Secretary Shaktikanta Das

New NPA resolution norms in 3-4 days: Shaktikanta Das

On April 2, the SC had declared as 'ultra vires' the February 12 circular that mandated banks to label even a day's...

6 Jun 2019 1:18 PM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

5 July 2019 9:39 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

PSBs recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18:...

Write-offs of NPAs is a regular exercise of the banks to clean up their balance sheet, tax benefit and capital...

14 Dec 2018 5:57 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 March 2018 3:50 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi plans to stipulate framework for timely disclosure of loan...

Move would help investors take an informed decision at the earliest in cases of loan defaults by listed companies.

15 Aug 2018 1:49 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 5:32 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Recap set to give banks capital relief, but stress to remain

Govt plans to provide Rs 65,000 cr of new capital for public sector banks in the year ending March 2019.

22 Aug 2018 10:21 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sept 2018 10:19 AM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Banks asked to set up one platform for sale of loan defaulters' assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

12 Sept 2018 11:37 AM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

NPAs rise, Jaitley to meet bank bosses to review scenario

26 banks together both private and public reporting gross NPAs of over Rs 7.31lakh crore.

12 Sept 2018 8:54 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

Rajan drops a bombshell; Cong in dock, flags MUDRA, farm loan waiver...

A brutal exposition of all the warts that adorn India's perilously poised banking system.

12 Sept 2018 8:48 AM IST

Raghuram Rajan blames 'over optimistic bankers' for mounting bad loans

A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong.

11 Sept 2018 10:21 AM IST