Asset Reconstruction Company

We need to move full steam to deal with bad loans: CEA Arvind Subramanian

Chief Economic Advisor (CEA) Arvind Subramanian on Wednesday emphasised the need to move full steam to deal with the problem of bad loans facing banking sector.

Feb 22, 2017, 16:44 PM IST

RBI questions banks for lending Rs 5,262 crore to REI Agro

RBI has questioned the decision of a 21-bank consortium led by UCO Bank to extend a staggering Rs 5,262-crore loan to Kolkata-based rice trading firm REI Agro which was found to be involved in fraudulent activities.

Aug 15, 2016, 10:41 AM IST