Country’s largest lender State Bank of India expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of this month, said the bank’s top official
Finance ministry asks public sector banks to close loss-making branches
The finance ministry has asked PSBs to discuss consolidation of overseas branches and take a final call on closing some unviable operations.
The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega recapitalisation plan to strengthen them.
A majority of companies on RBI’s second list of loan defaulters, including Monnet Power and Visa Steel, will be referred to NCLT for bankruptcy proceedings
The assets of some of the 40 top defaulters (12 in the first list and 28 in the second) are likely to be sold over the next few months as RBI and the government push lenders to speed up the resolution of Rs10 trillion of soured loans.
Prime Minister Narendra Modi on Wednesday sought to allay the fears of bank account holders, saying their deposits in banks will be safe and their interests would not be harmed in any way.
Aadhaar-bank account linkage: Govt extends deadline to March 31.
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
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.
Dear Friends,Now with the Interview Call Letters out for RRB PO the time has come for preparation for the Interview. Hence we as a Team are here for grooming the interested candidates aspiring for RRB PO positions in the Bank. Our team consists of seasoned Senior Level Bankers from different Banks. They also have the…
Govt to amend insolvency and bankruptcy rules via ordinance, will block promoters deemed wilful defaulters from regaining control of firms.