The move to bar wilful defaulters from regaining control over their companies will bring credit discipline and prevent promoters from gaming the system
Tag: Finance
Small finance banks look to tap Odisha market for growth. Entities with a small finance bank licence can provide basic banking services of accepting deposits and lending
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
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.
Recruitment for bank jobs will be hit badly due to the proposed consolidation of public sector banks (PSBs), and a few banks have already put their fresh hiring plans on hold.
The Reserve Bank of India issued on August 25, 2017 ₹ 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. Modern paper currency in India traces its origins to the late 18th century when private and…
Number of PSBs may go down to 12 as govt mulls consolidation . The government is working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12.
‘Top 50 stressed a/cs will need ₹2.4 lakh cr haircut’.This amounts to 60% of the ₹4 lakh crore exposure to these accounts: Crisil report
RBI Notification DNBR (PD-ARC) No. 05/ED(SS)-2017 dated April 28, 2017In exercise of the powers conferred by clause (b) of sub-section (1) of section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Reserve Bank of India hereby specifies that the Net Owned Fund (NOF) for Asset Reconstruction Companies…