The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Stick to export-focussed plays, large-caps, say analysts
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Growth impulses, while improving, remain fragile, and a rate hike will be disruptive to interest costs.
Loans, cash credits, and overdrafts at the end of December 22, 2017, stood at Rs 81,287.32 billion, against Rs 73,340 billion in the year-ago period.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
While RBI's foreign exchange reserves have swelled to over $400 billion, it has a 'sell' position of $981 billion.
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?
The bank is also working on a three-year business plan, nearly coinciding with the time its new chairman Rajnish Kumar would be in the corner office.
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
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