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Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

Finance ministry defends bail-in', says needs prior consent

It said that bail-in amounts to liabilities' holders bearing a part of the cost of resolution by reduction in their...

2 Jan 2018 7:30 PM GMT

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

RBI slaps Rs 3 crore monetary penalty on IDBI bank

Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.

12 April 2018 8:58 AM GMT

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

Top 11 PNB officials summoned for violation of banking regulation

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

27 March 2019 4:31 AM GMT

The apex courts order came after the Delhi government said there were around 68 lakh two-wheelers here and it would be impossible to accommodate the people in public transport if the odd-even scheme was made applicable for two-wheelers also. (Representational image)

Circular has no effect in law: Apex court

The court held that reference to IBC can be made only on a case-to-case basis and that there cannot be a blanket...

2 April 2019 6:50 PM GMT

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Credit guarantee on debt for NBFCs, HFCs

The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.

1 Feb 2020 9:35 PM GMT

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Govt notifies changes in Banking Regulation Act

The banking sector is saddled with NPAs of over Rs 8 lakh crore of which Rs 6 lakh crore PSBs.

27 Aug 2017 8:36 AM GMT

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 7:12 AM GMT

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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

Central bank can now initiate insolvency process.

5 May 2017 11:39 PM GMT

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 12:23 PM GMT

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 4:36 AM GMT

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 4:20 AM GMT

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 11:23 AM GMT