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Finance Secretary Ashok Lavasa

Lavasa ask for Amendments to Banking Regulation Act

Lavasa said "we should be able to reach resolution in many of the cases".

4 May 2017 4:11 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)

Bank stocks surge up to 9 pc on NPA resolution push

Public sector banks are saddled with NPAs or bad loans to the tune of a staggering Rs 6 lakh crore.

4 May 2017 12:16 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)

Cabinet clears ordinance to amend Banking Act to tackle NPAs

Amendment will empower the RBI to issue direction to banks to recover non-performing assets (NPAs) from loan defaulters.

4 May 2017 10:58 AM IST

Union Finance Minister Arun Jaitley addresses a Post-Budget press conference in New Delhi on Wendnesday. (Photo: PTI)

Cabinet clears ordinance to let banks take hair cut

President Pranab Mukherjee is expected to give its nod to the ordinance soon.

4 May 2017 3:56 AM IST

Finance Secretary Ashok Lavasa.

India concerned about NPAs of Indian banks as well: Lavasa

Cabinet this week approved promulgation of an ordinance to amend the Banking Regulation Act for resolution of the NPA...

12 May 2017 4:19 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Resolution of NPAs is still work in progress: Jaitley

High NPA levels also impact the capacity of the banking system to support growth.

1 Jun 2017 3:28 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Working on resolution of large NPA accounts: RBI

RBI changed the consent required for approval of a proposal to 60 per cent by value instead of 75 per cent earlier.

7 Jun 2017 8:20 PM 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.

Bankers hail RBI move to name top dud loans

Total NPAs stand at over Rs 8 trillion of which Rs 6 trillion are with public sector banks.

15 Jun 2017 9:42 AM IST

Defence Minister Arun Jaitley. (Photo: PTI)

Jaitley to review working of PSU banks, FIs on June 12

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949,...

9 Jun 2017 4:12 PM IST