FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation
Jaitley also reviewed the financial performance of all the public sector banks (PSBs) at the meeting.
Jun 12, 2017, 12:45 PM IST
Arun Jaitley to meet PSU bank chiefs today to review NPA situation
Besides, the minister will review the financial performance of all the public sector banks (PSBs) at the meeting, the first between Jaitley and them in the current fiscal.
Jun 12, 2017, 10:49 AM IST
FM Jaitley to meet PSU bank chiefs tomorrow to review NPA situation
Finance Minister Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans which have crossed Rs 6 lakh crore.
Jun 11, 2017, 13:02 PM IST
PCA doesn't constraint bank's normal operations: RBI
The RBI on Monday said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.
Jun 05, 2017, 21:57 PM IST
IDBI Bank crafts turnaround plan; to focus on NPA recoveries
Hit by weak profitability and deteriorating asset quality, state-run IDBI Bank Thursday said it has formulated a turnaround strategy focusing on augmenting capital base and recovery from bad loans.
May 25, 2017, 18:19 PM IST
India's economy to improve in overall conditions, cost of funds may rise: Report
Owing to growth of external financial linkages, and presence of surplus funds in domestic market, India is set to observe improvement in overall economic conditions, as per a survey.
May 21, 2017, 16:30 PM IST
Rs 2.6 trillion of bank credit may slip in next 12-18 months: IndRa
Domestic rating agency India Ratings and Research on Wednesday said the banking system has Rs 7.7 trillion of unrecognised stressed loans in corporate and SME sector and expects around 35 per cent of them to slip into the NPA category in the next 12-18 months.
May 17, 2017, 18:41 PM IST
Banks set to see higher provisioning on new norms next fiscal
Banks are planning higher provisioning on new norms next fiscal of new accounting norms. It will ask lenders to make higher provisioning for loans.
May 14, 2017, 17:31 PM IST
Lower interest rate can help reap full benefit of cash ban: CII
India Inc has invoked the demand supply dynamics, calling for lower interest rates for private investment to pick up that will help the government achieve full benefit of cash ban.
May 14, 2017, 16:11 PM IST
RBI puts IDBI Bank under watch for high bad loans
The Reserve Bank has put IDBI Bank under watch by initiating Prompt Corrective Action against it, a move that will place various restrictions on the lender including on fresh loans and dividend distribution.
May 09, 2017, 23:42 PM IST
RBI gets more teeth to resolve banks' NPA woes; acts quickly
The government on Friday empowered RBI to ask banks to initiate insolvency proceedings to recover bad loans, amounting to over Rs 6 lakh crore in case of state- owned lenders alone, and promised more measures to resolve the NPA crisis.
May 05, 2017, 22:20 PM IST
RBI given more powers to tackle NPAs, says Jaitley
President Pranab Mukherjee last night signed the ordinance to amend the Banking Regulation Act, giving RBI powers to direct banks to initiate insolvency and bankruptcy in case of default, he told reporters here.
May 05, 2017, 17:04 PM IST
Govt gives wide-ranging powers to RBI to deal with bad loans
The much-awaited Ordinance to amend the Banking Regulation Act was promulgated by President Pranab Mukherjee last night.
May 05, 2017, 14:16 PM IST
President likely to promulgate banking ordinance today
President Pranab Mukherjee is likely to promulgate tomorrow an ordinance giving greater powers to the Reserve Bank to tackle mounting bad loans, a top source said.
May 04, 2017, 22:26 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
ICICI Bank Q4 net profit jumps to over Rs 2,024 crore
Country's largest private sector lender ICICI Bank on Tuesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.
May 03, 2017, 19:21 PM IST
Bad loans issue not 'insurmountable' for India: Arun Jaitley
Finance Minister Arun Jaitley on Monday asserted that the problem of bad loans in the banking system is not "insurmountable" for a large economy like India as it is limited to only 20-30 big accounts.
Apr 25, 2017, 00:16 AM IST
Credit growth plunges to over 60 year low at 5% in FY17
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Apr 16, 2017, 17:17 PM IST
RBI promises more effective steps to tackle NPA pains
The former commercial banker cautioned that the current situation will put a pressure on capital for the banks, especially for the state-run ones.
Apr 06, 2017, 18:51 PM IST
Parliamentary Panel asks Finmin to work out turnaround plan for IDBI
A Parliamentary Panel has asked the Finance Ministry to work out a 'transformational plan' for IDBI Bank, which is facing mounting bad loans, in such a manner that it does not surpass the 'point of recoverability'.
Mar 20, 2017, 17:24 PM IST
