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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 12:35 PM

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

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 9:40 AM

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

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)

Fin Min calls banks to discuss new facility to drain cash

Standing Deposit Facility aims to drain surplus cash at a rate lower than repo rate without need for any collateral.

23 March 2017 7:18 AM

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 6:13 AM

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 5:04 AM

Finance minister ArunJaitley

Arun Jaitley chairs high-level meet on bank NPAs

As on Sept 30, 2016, gross NPAs of public sector banks rose to Rs 6.3 lakh crore.

9 March 2017 8:45 AM

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.

RBI to unveil framework on NPAs ordinance in 15 days

Framework would include creation of a separate cell to identify issues pertaining to NPAs.

22 May 2017 9:58 AM

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

This is how RBI will deal with $150-bn bad loans

Only two weeks ago, government gave central bank greater power to tame bad loans.

23 May 2017 5:14 AM

SBI chief Arundhati Bhattacharya

SBI's $2.3 bn share sale probably to QIPs: Bhattacharya

SBI, India's biggest lender by assets, has shortlisted six banks to manage share sale.

3 Jun 2017 5:42 AM

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)

Govt to help banks resolve Rs 6 lakh cr bad loans

Govt may bring in amendment in Banking Regulation Act or issue an ordinance to empower RBI.

4 April 2017 9:00 AM