In August, the Reserve Bank had asked banks to either resolve 28 more large stressed accounts by tomorrow or refer them to the NCLT by December 31.These 28 accounts together account for 40 per cent of the system wide bad loans or worth around Rs 4 trillion.
Govt to amend insolvency and bankruptcy rules via ordinance, will block promoters deemed wilful defaulters from regaining control of firms.
The move to bar wilful defaulters from regaining control over their companies will bring credit discipline and prevent promoters from gaming the system
There are various queries from candidates in connection with Common Recruitment Process. We give below the link from IBPS website for the various queries raised.IBPS has compiled repeated similar queries received from candidates along with their responses to upload on the official website of IBPS for information and benefit of all concerned. Most of the queries are raised…
Govt sets Rs 10,000 min balance in bank accounts as rural poverty measure. The more number of families with a minimum Rs 10,000 in their accounts, the better a panchayat’s chance of being on the positive list of the poverty index
Moody’s has also changed the ratings outlook to ‘stable’ from ‘positive’ for the four banks and some of their branches abroad
These talks were part of the ‘PSB Manthan’ – the conclave of state-run banks – where PSBs were told that the Rs 2.11lakh crore recapitalisation the government has announced would depend on the reforms they undertake to clean up their books and increase lending to medium and small enterprises.
Concerned over NPAs crossing Rs 7 lakh crore, the finance ministry has asked public sector banks (PSBs) to take swift and firm action to deal with the bad loan problem, a banker said.
Statement on Developmental and Regulatory Policies – October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons
Healthy banks that lend to sound firms create a virtuous cycle of investment and jobs: Urjit Patel
Healthy banks that lend to sound firms create a virtuous cycle of investment and jobs: Urjit Patel. The government on Tuesday decided to capitalise public sector banks (PSBs) to the tune of ₹2.11-lakh crore in a frontloaded manner to support credit growth and job creation. This announcement has come at time when PSBs are capital starved and hobbled by non-performing assets.