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RBI Governor Urjit Patel (Photo: PTI)

Bad loans ordinance: RBI gets powers for 'clean banks'

With sweeping powers, central bank can now give ditections to banks to resolve huge bad loans issue.

5 May 2017 3:10 PM IST

President Pranab Mukherjee (Photo: PTI)

President Mukherjee clears ordinance on Non-Performing Assets

Ordinance will give greater powers to the Reserve Bank of India to tackle mounting bad loans

5 May 2017 10:06 AM IST

President Pranab Mukherjee (Photo: PTI)

President likely to promulgate banking ordinance today

Banks are in a sweet spot due to a new framework to deal with NPAs and better quarterly results.

5 May 2017 9:50 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India to clock 7.1 per cent GDP this year: UN report

Inflation is projected to reach 5.3-5.5 per cent in 2017 and 2018.

2 May 2017 1:16 PM IST

Fitch said that time spent queueing in banks is also likely to have affected general productivity.

India praised for measures taken against NPAs: Fitch

A week after promulgation of ordinance, RBI Governor Urjit Patel met senior finance ministry officials to discuss...

13 May 2017 12:17 AM 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

IDBI Bank on RBI's radar for bad loans

RBI may also impose restrictions on the bank on borrowings from interbank market.

10 May 2017 2:01 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Need surgery for NPA resolution, says bank officers' union

Govt issued an ordinance which empowers the RBI to ask banks to initiate insolvency proceedings to recover bad loans.

17 May 2017 9:37 AM IST

Bank stock rises after solution for bad loans by FM

Bank stock rises after solution for bad loans by FM

Jaitley yesterday said resolution being worked out with RBI will put enough pressure on borrowers to settle dues.

24 March 2017 1:51 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

How govt is trying to tackle $133 billion bad loans

RBI deupty governor moots 'bad bank'-type institutions to deal with $133 bn in stressed assets of banks.

1 March 2017 11:43 AM IST

Stock of Axis Bank closed 2.56 per cent down at Rs 444.60 on BSE.

Axis Bank Q1 net profit falls 16 pc to Rs 1306 crore.

The bank had registered a net profit of Rs 1,556 crore in the June quarter of 2016-17.

25 July 2017 5:44 PM IST

RBI governor Urjit Patel

RBI meets bankers to discuss bad loan resolution

Central bank sought views and suggestions of bank heads on how to tackle bad loan problem.

31 May 2017 10:34 AM IST