SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
The meeting will be attended by all heads and EDs of public sector banks
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
There's a long way to go before human beings are replaced by machines -- in banks at least.
The Union Budget 2016-17 has cheered the NBFC sector
At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
The better performing states throw up more employment opportunities including at unskilled levels.
Several of his lenders have a lot to answer for.
RBI rule, applicable prospectively, also for non-group guarantors.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
Keki Mistry, vice chairman and CEO, HDFC tells Joydeep Ghosh and Chirag Madia that unlike some other players it never went for excesses and never took unreasonable risks.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
SBI to e-auction over 300 properties on March 14.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Sell the property if bought for investment purpose.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
The need to allow government shareholding in public sector banks to come down below 51 per cent
The taxpayers and honest borrowers suffer when a big entity defaults.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
Budget in the medium term aims to kick-start the investment cycle.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Experts hail Budget 2015 as a progressive, growth oriented one.
Indian economy about to take-off
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