Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'There's a huge need for advancements in current security incident logging and monitoring practices.'
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
As industrialist Vijay Mallya fights his wilful defaulter tag, former CAG Vinod Rai has said Kingfisher Airlines' loan default is just a "trickle" and the overall problem of huge bad loans at public sector banks can be blamed on 'cronies' using connections to borrow money.
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Banks had a tough time in recovering loans from corporates in 2014.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
Government to infuse funds in cash-strapped banks.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
The Central Bureau of Investigation (CBI) had told the finance ministry some "well-known" companies in the power, oil, and telecommunications sectors were involved in round-trip trading by indulging in third-party transfers in violation of law.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
Earlier, a special CBI court had issued non-bailable warrants against Neeraj Singal, Vice Chairman and Managing Director of Bhushan Steel Ltd, and Purushotam Totlani, an alleged middleman, in connection with the Syndicate Bank bribery case.
The judge had on Wednesday dismissed the anticipatory bail plea of Singal.
The rally in most of these stocks is partly attributed to impressive financial performance.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
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Bank stocks have underperformed in the second quarter of FY'14 with the BSE Bankex declining 18 per cent compared to fall of 1 per cent in the BSE 30-stock index, Sensex, during this period.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt.
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
Three or four accounts are enough for one family. Having more increases paperwork and can be misused as well.
Vaihayasi Pande Daniel reports on the Sheena Bora Trial.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
FM says government policies aim to contain inflation, spur growth.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
Firm terms lenders' move to appoint monitoring agency 'unwarranted'.
'Quite the raconteur, much to the dismay of Courtroom 51's CBI Special Judge Jayendra Chandrasen Jagdale, Christopher 'Doglis' Marquis, a Bandra dog-breeder who was Prosecution Witness No 57 and a panch or witness, seemed to move into the witness box with glee, embellishing every answer that he gave to the lawyers' questions with a variety of additional details.' Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
To boost fund raising from markets, Sebi on Thursday proposed e-IPO norms where investors can bid for shares through Internet and eventually on mobiles, while already listed PSUs will be provided a 'fast-track' route for share sales to meet the disinvestment targets.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
The BJP had not filed till May the expenses statement for the Karnataka Assembly elections held last year in July.
