June 06, 2019 3:55 pm
The RBI on February 12, 2018, issued a framework on the resolution of stressed assets under which banks were asked to disclose defaults even of a day and have to find a resolution plan within 180 days in case of large account of Rs 2,000 crore and above failing which it would send for bankruptcy.
December 14, 2018 5:00 am
The poor financial health of both MSMEs and larger corporates in Gujarat does not augur well for the state government which is looking to attract major investments in the upcoming Vibrant Gujarat summit in January 2019.
October 04, 2018 9:20 pm
Profits for the entire banking system are expected to start improving from the second half of this fiscal and turn positive for the whole fiscal, as most large private banks are expected to report profits, ratings agency Crisil said in its report.
September 18, 2018 10:20 am
In the first quarter ended June of the current fiscal, SBI has reported a hefty loss of Rs 4,876 crore due to higher NPAs or bad loans. Banks, especially state-owned, are sitting on heavy bad loans and are adopting an aggressive approach to resolve them by making recoveries through various modes.
May 20, 2018 1:03 am
A Reserve Bank of India (RBI) study has said banks were unable to increase interest rates further when gross non-performing assets (NPAs) rose amid competitive pressures.
August 13, 2017 12:35 pm
NITI Aayog's report is expected to set the tone for consolidation roadmap. Five associate banks and Bharatiya Mahila Bank (BMB) became part of SBI on April 1, 2017, catapulting the country's largest lender to among the top 50 banks in the world.
July 26, 2017 1:49 am
Axis bank’s net NPAs or bad loans increased to 2.30 per cent of net advances furnished by June-end from 1.08 per cent a year ago. In absolute terms, gross NPAs stood at Rs 22,030.87 crore as on June 30, 2017 compared to Rs 9,553.17 crore a year earlier.
July 11, 2017 8:41 pm
RBI Deputy Governor S S Mundra expressed concerns over higher propensity among lenders to focus on resilient retail loans as a way out of current difficulty of slowdown in demand from large corporations, saying "there is a limit" to which it can help.
June 20, 2017 2:16 am
The meeting was chaired by PM’s additional principal secretary P K Mishra and attended by senior officials, including financial services secretary Anjuly Chib Duggal and corporate affairs secretary Tapan Ray.
June 16, 2017 2:24 am
Sahoo said that there is a thinking within the government to increase the number of benches and there is also a possibility that they may have dedicated benches for insolvency cases.