Bad Bank will seek to provide financial stability in the banking sector. It will hold problem loans for public sector banks which can then be sold on to investors at a reduced price. This will ultimately help clean up the balance sheets of banks.
Replying to a debate on the bill, Jaitley said the RBI has already identified top 12 loan defaulters and more cases will be taken up by them for resolution
Banks were asked to put in place a board-approved policy for making provisions for standard assets at rates higher than the regulatory minimum, based on evaluation of risk and stress in various sectors.
India's largest private lender ICICI Bank today reported a 16.7 per cent dip in consolidated post-tax profit at Rs 2,611 crore for the three months.
The top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as on December 2015, Minister of State for Finance Jayant Sinha informed parliament today.
New Delhi: Asked to explain the “real causes” of ballooning bad loans at public sector banks, RBI Governor Raghuram Rajan has put the blame on “overall economic downturn”, among other reasons, in his submission to
In the latest development in the ongoing loan default case in the Supreme Court, Vijay Mallya has questioned the rights of the banks to seek information of his assets abroad. In an affidavit filed before the apex court, Mallya claimed that he was not
Mumbai: The Reserve Bank of India (RBI) Thursday voiced concern over the rising non-performing assets or bad loans of banks and said it would focus on monitoring their asset quality.In a report on Trend and
Mumbai, Nov 9: State Bank of India (SBI) today reported a moderate 12.4 per cent growth in net profit in the September quarter at Rs 2,810.43 crore, even as concerns over rising bad loans pulled
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