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Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

Bad loan resolution to start shortly, RBI to take up more

RBI has already identified top 12 loan defaulters and more cases will be taken up by them for resolution.

3 Aug 2017 7:24 PM IST

Vice Chairman, NITI Aayog, Arvind Panagariya addressing a press conference on the State of Economy and achievements under NITI Aayog over the past three years, in New Delhi. (Photo: PTI)

NPA resolution to spur credit expansion, growth: Panagariya

Banking sector is saddled with NPAs of over Rs 8 trillion of which Rs 6 trillion is with public sector banks.

13 Aug 2017 12:41 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

Bank of India swings into black in Q1 on lower NPAs

Net NPAs or bad loans also fell to 6.70 per cent of the net advances by June end this year.

9 Aug 2017 2:34 PM IST

The annualised fresh NPA generation declined to 4.1 per cent during the third quarter of 2016-17.

'Rs 8 lakh crore NPAs may face bankruptcy proceedings by Mar 2019'

NPAs are a big drain on the financial health of banks especially public sector banks.

16 July 2017 4:40 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency code defines judicial and commercial aspects

IBC has put commercial aspects in hands of stakeholders, judicial aspects with tribunal, said IBBI chairperson.

15 July 2017 6:43 PM IST

The new law mandates a 180-day deadline to resolve cases.

NCLT sends notice to Bhushan Steel, Bhushan Power over bad loans

SBI is lead banker to defaulters like Bhushan Steel, Essar Steel, Jyoti Structures Ltd and Electrosteel Steel.

14 July 2017 11:18 AM IST

Representational Image

Industry body sugges creation of Stressed Assets Fund

Assocham suggested creation of a Stress Asset Fund to help revive assets under high leverage.

7 May 2017 12:03 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI gets more teeth to resolve banks' NPA woes; acts quickly

RBI made substantial changes in the norms and also warned banks of monetary penalty for missing NPA resolution...

6 May 2017 12:50 PM IST

Chanda Kochhar of ICICI Bank. (Photo: File)

Chandha Kochhar lauds new Banking Regulation Act

Kochhar says new stressed assets rules will help lenders solve problem in a time-bound manner.

6 May 2017 12:42 PM IST

Panic among people during the initial days (of demonetisation) had led customers rushing to banks and deposit their money. (Photo: Representational Image/PTI)

7 PSU banks get new heads; MDs of PNB, BoI shifted

Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-Dec 2016-17.

6 May 2017 11:26 AM IST

Union Finance Minister Arun Jaitley during a conversations on C Peter Mc Colough Series on International Economics at Council on Foreign Relations in New York City. (Photo: PTI)

RBI given more powers to tackle NPAs: Arun Jaitley

President Pranab Mukherjee last night signed ordinance to amend Banking Regulation Act.

5 May 2017 6:05 PM IST

Prime Minister Narendra Modi. (Photo: PTI)

Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

5 May 2017 5:53 PM IST