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RBI issues circular on NPAs, says defaults need to be recognized within 30 days
Fri, Jun 07, 2019
The Reserve Bank of India on Friday released fresh guidelines to deal with bad loans after the Supreme Court quashed its 12 February, 2018, circular, which mandated lenders to start resolution even if there was a one-day default. New NPA resolution norms replace all the previous models, the central bank said. Under the new norms, defaults are to be recognized within 30 days, says RBI.
Net NPA will come down to under 9 percent by 30 June
Sat, Jun 01, 2019
By June 30, the bank's net NPA will come down to under 9% To know more watch the video
Money Guru: Watch Mahagathbandan Of Investment
Wed, May 08, 2019
In this segment of Zee Business' Money Guru: Money Guru: Watch Mahagathbandan Of Investment. Watch the video to know more.
Money Guru: Will there be tax on ancestral ornaments?
Tue, Apr 16, 2019
In this segment of Zee Business' Money Guru: Will there be tax on ancestral ornaments? Watch the video to know more.
IBC cases admitted over RBI circular to continue: MS Sahoo
Tue, Apr 16, 2019
Although the Supreme Court has quashed the RBI`s February 12, 2018, order on non-performing assets (NPA), the cases admitted for resolution process based on the order would continue, said the Insolvency and Bankruptcy Board of India (IBBI) on Monday.
One year of RBI's February 12 circular
Tue, Feb 12, 2019
In this segment of Zee Business watch how the RBI's February 12 circular changed banking system. Watch the video to know more.
Finance ministry's meet with heads of PSU banks before Budget
Mon, Jan 28, 2019
Finance ministry's meet the CEOs of public sector banks to take a stock of the banking sector, and discuss ways to improve their financial health.
Exclusive: In conversation with V G Kannan, Chief Executive of Indian Banks' Association
Tue, Jan 22, 2019
In this segment of Zee Business, watch an exclusive conversation of V G Kannan, Chief Executive of Indian Banks' Association with Our correspondent Anurag Shah.
NBFCs to see up to 35-40% rise in hiring in next 1 yr, say experts
Mon, Aug 27, 2018
Hiring activity in the non-banking financial companies (NBFC) sector is likely to expand by up to 35-40 per cent in the next 12 months driven by rising innovation and growth, according to industry experts.
Trouble ahead for banks? RBI's Rs 3.8 trillion NPA resolution plan deadline ends Monday: What can happen next
Sun, Aug 26, 2018
Six-month deadline set by Reserve Bank to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow.
Private banks wrote off 28% bad loans as compared to 14% for PSBs! Here is why
Fri, Aug 10, 2018
The RBI data, accessed through RTI queries by DNA Money, reveals that private banks have written off 28% of their gross bad loans as compared to 14% of public sectors banks since 2009-10.
Bank NPA crisis a big opportunity? For these foreign banks, there is
Fri, Jul 13, 2018
Foreign banks such as Bank of America Merrill Lynch and Deutsche Bank are keen to buy out non-performing assets (NPAs) from Indian banks. They are in active discussion with Indian banks to take over some loans that have come to the National Company Law Tribunal (NCLT) and stressed assets that have the potential to be taken over and revived.
Bank NPAs shoot up 32.7% in fourth quarter so far
Thu, May 17, 2018
The share of non-performing assets (NPAs) to total loans of 21 banks that have announced Q4 results so far, excluding PNB, has increased to 8.32% in March 2018.
BoI has Rs 200 cr exposure in PNB scam, initiates proceedings: CEO
Tue, May 08, 2018
State-owned Bank of India (BoI) has an exposure of Rs 200 crore in the Punjab National Bank fraud case and the public sector lender has initiated insolvency proceedings against Nirav Modi firms, said a top official of the bank.
At Rs.13K crore, IVRCL rivals top NCLT cases
Thu, Apr 19, 2018
After accounting for the claims from about 38 financial institutions, over 2,815 operational creditors and 3,368 unpaid workers as per the data compiled by resolution professional, the total claim now stands at Rs 13,405.92 crore.
Fitch warns of ICICI downgrade if allegations against CEO proven
Tue, Apr 10, 2018
An investigation into allegations that ICICI Bank extended a loan with a potential conflict of interest raises question over the bank’s governance and creates reputational risks, says Fitch Ratings.
Bank NPAs crisis: Govt hopes to get just half of Rs 9.5 lakh crore back
Thu, Apr 05, 2018
The government on Wednesday said that it is hopeful of getting Rs 4 lakh crore back into the system out of a total of Rs 9.5 lakh crore that has been locked up in the non-performing assets (NPAs) accumulated by the banks.
What created the bank NPA crisis? Here is P Chidambaram's explanation
Mon, Mar 12, 2018
Congress leader and former union minister P Chidambaram said telecom and power sectors have contributed to the bank NPA problem more than anything else due to the 'malicious twist' given to the UPA government's policies governing them. "I think the CAG report on telecom was a gross exaggeration.
RBI fines Axis for under-reporting NPAs, IOB for KYC lapse
Tue, Mar 06, 2018
The Rs 12,636 crore fraud at Punjab National Bank (PNB) is forcing Reserve Bank of India (RBI) to swing into action.
PNB no one-off! Financial frauds run far and wide in India: RBI's recorded data
Fri, Feb 16, 2018
Investors may have been shocked when one of India's biggest banks disclosed a $1.77 billion fraud by billionaire jeweller Nirav Modi, but the central bank has recorded data that shows the problem runs far deeper and wider.