The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
Telecom department says spectrum can't be used as collateral because it's government property
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
At least five state-run banks on central bank's radar for lax credit appraisal
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum.
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