RBI slaps Rs 10 crore penalty on HDFC Bank
An examination of documents in the matter of marketing and sale of third-party non-financial products to the bank`s customers, arising from a whistleblower complaint to RBI regarding irregularities in the auto loan portfolio of the bank, revealed, inter alia, contravention of the aforesaid provisions of the Act and the regulatory directions, it said.
May 28, 2021, 20:33 PM IST
Govt notifies changes in Banking Regulation Act
The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).
Aug 27, 2017, 17:55 PM IST
Cafral study claims positive market response to NPA Ordinance
Since the Ordinance and naming of 12 largest defaulters, the banking index gained over 5 per cent, says the report based on the stock performance between May 4 and June 13.
Aug 25, 2017, 19:37 PM IST
Bank NPAs register a significant growth during January-June: Survey
About 35 per cent reported tightening of credit standards for large enterprises during the first half of 2017 and about 40 percent expect further tightening in the next six months.
Aug 10, 2017, 21:35 PM IST
Bankers to meet from Monday to decide on large defaulters
Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.
Jun 18, 2017, 15:28 PM IST
Cabinet clears ordinance to amend Banking Regulation Act to resolve NPA crisis
Union cabinet has cleared ordinance to amend Banking Regulation Act to resolve NPA crisis on Wednesday. As per sources, President's nod is likely soon.
May 03, 2017, 20:29 PM IST
