Finmin asks PSU banks to act swiftly to deal with NPAs
Banks were also advised to look at cases where settlement can be done as part of lowering the burden.
Nov 13, 2017, 16:56 PM IST
Banks need to set aside Rs 3.3 lakh crore as NPA provisioning in FY18
The report said with the economic value of assets underlying NPAs eroding with time, and resolutions are hard to come by, banks would need to step up on provisioning, mainly for large corporate NPAs.
Oct 12, 2017, 21:15 PM IST
Rajya Sabha passes Banking Regulation Bill to resolve non-performing assets
The Rajya Sabha on Thursday passed the Banking Regulation (Amendment) Bill, 2017, which empowers the Reserve Bank of India (RBI) to resolve stressed assets clogging the banking system.
Aug 10, 2017, 18:00 PM IST
No plan to issue next list of defaulters any time soon: RBI
Following the Reserve Bank of India (RBI) identifying 12 accounts that are responsible for 25 percent of non-performing assets (NPAs), the central bank on Friday said it has no plans to come out with a next list any time soon.
Jun 16, 2017, 14:52 PM IST
RBI says banks must start bankruptcy proceedings against 12 major defaulters responsible for 25% of bad loans
The Reserve Bank of India (RBI) has identified 12 of the country`s biggest loan defaulters and said creditors must pursue bankruptcy proceedings against them, as it begins to cut the USD 150 billion in stressed debt hobbling Asia`s third-largest economy.
Jun 14, 2017, 14:08 PM IST
RBI refuses to disclose list of loan defaulters
The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public.
May 23, 2017, 15:51 PM IST
Time to bite the bullet to resolve NPA problem: Parekh
Amid a debate on need for a 'bad bank' to tackle mounting NPAs, eminent banker Deepak Parekh has said "it is time to bite the bullet" but cautioned against any such move being seen as a government bailout using the taxpayers' money.
Mar 16, 2017, 18:40 PM IST
Govt mulls a bank to deal with bad loans
The government is looking at a proposal to set up a bank or a company to deal with the burgeoning bad loans of state-owned banks, even as the views on the issue are "vertically divided".
Feb 17, 2016, 17:20 PM IST
RBI pitches for structural reforms; sees 6% inflation in 2015
Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 percent level in 2015.
Dec 29, 2014, 18:22 PM IST
