'If there is a technical issue and the borrowers can resolve it within 30 days, you don't have to go through the bankruptcy court.' 'If the borrower is expecting a large disbursal of a facility or expecting a payment or receivables, in such cases it becomes practical to give a window for taking care of such circumstances. 'If banks had aggregated the assets and benefited with a long relationship with borrowers and now when assets get into a trouble, it is incumbent on banks to find resolution and take responsibility.'
The Reserve Bank of India is likely to formulate guidelines on outsourcing banking activities by July to improve regulatory oversight for risk management of this segment.
The Indian Banks Association and Indian Cards Council have joined hands to set up a data of telephone numbers whose owners do not wish to receive telephone calls from banking telemarketers for financial products or services.\n\n
India CEOs of 12 banks form pressure group within IBA.
Banks, including country's largest lender State Bank of India, have informed the customers well in advance about the likely inconvenience due to strike.
The Indian Banks Association has suggested certain alternative proposals on pension after meeting the representatives of United Forum of Bank Unions, general secretary of the All India Bank Officers' Association R J Sridharan said.
The banking industry could witness another round of prime lending rate hikes beginning next week, a top Indian Banks' Association official said on Wednesday.
The Commission observed vulnerability of junior untrained staff on probation and their misuse by senior officials.
Applying for a loan? Your religion will soon be a deciding factor!
The Reserve Bank will take some action by this month end after consultations with the Indian Banks' Association.\n
The petition was filed in 2003 by NGO Centre for Public Interest Litigation.
The finance ministry is considering a proposal by Indian Bank's Association to give post allowance to chairmen and executive directors of public sector banks, a key official said on Tuesday.
Bankers have demanded several changes in the NPA laws including a minimum deposit of 25 per cent of the outstanding loan amount by the defaulter for contesting a bank's claim over its assets.
When contacted whether Letters Rogatory have been sent, CBI sources said "it is in the process".
The Reserve Bank of India will encourage banks to set up a payment corporation to streamline payment system.
The wage revision of public sector bank employees is due from November 2012.
Individual banks should break away from the industry pact and have their own settlements with the unions, recommends Tamal Bandyopadhyay.
A three-member delegation of the Indian Banks' Association met senior executives of the US Federal Reserve and New York Banking Department to explore the prospects for increased presence of Indian banks in the United States.
Acknowledging that the credit delivery system is not functioning as expected, RBI has constituted two committees as directed by the ministry.
The government is committed to ensure a smooth flow of education loans for students and a total of 1,40,000 such loans were given till last December, Finance Minister P Chidambaram said on Tuesday.
Bank unions on Thursday called for a nationwide strike on August 24 to protest the 'negative attitude' of the Indian Bank Association over employees' wage revision.
Banks all over the country will observe a day's strike on August 24 in protest against the delay in settlement of wage negotiations.
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