Wed, Jul 20, 2022
In both cases, the RBI said the issue of the directions under the Banking Regulation Act should not per se be construed as a cancellation of banking licenses issued to them.
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Mon, Dec 27, 2021
The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director and chief executive director of Union Bank of India for a three-year term.
Mon, May 22, 2017
The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
Fri, May 05, 2017
As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
The Cabinet's decision got a thumbs-up from the market as Bank Nifty rallied 1.85 per cent to close at 22,720.10.
Thu, May 04, 2017
Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.
Wed, May 03, 2017
The Executive Order on the NPA policy has been sent to the President and it is expected to get the nod from him tonight.
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