The Reserve Bank of India (RBI) has offered some leeway to banks for early detection and resolution of bad loans. Under the new regime kicking off from April 1, lenders can finance 50 per cent of the outstanding loan value, RBI said in Framework for Revitalising Distressed Assets in the Economy, released on Thursday.
Those infected with the virus may have mild fever, skin rashes, conjunctivitis, muscle and joint pain or headache.
As India reached the halfway point in the 21-day coronavirus lockdown on Saturday, some states and rail and airline operators were considering measures to relax restrictions in phases from April 15. Simultaneously, the Centre has drawn up a cluster containment strategy to contain the coronavirus pandemic within a defined geographic area by early detection of cases, breaking the chain of transmission and thus preventing its spread to new areas.
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The death toll due to the coronavirus infection rose to 7,466 and the cases mounted to 2,66,598 in the country.
'...Where there is clearly no evidence of community transmission, letting life return to normal in those districts while continuing to rigorously control the spread of the infection.'
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
American and British intelligence authorities have suggested that a bomb from the dreaded Islamic State might have caused the crash of a Russian plane in Egypt's Sinai, killing all 224 people on board.
FM Arun Jaitley says I-T dept's capacity to access information and apply technology driven analytical tools to expose evasion has been enhanced
Not only army personnel but Indian Army's canine 'soldiers' perform their duties in counter-insurgency operations.
Kinesiology, best described as the science of movement, is complex yet holistic.
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector.
The US and China have sparred over the origin of the virus for days, with a Chinese official promoting conspiracy theories.
The locally-produced BMW X5 is one of the best selling models for the car-maker in the domestic market, and the latest version of the SUV will compete with the likes of Mercedes-Benz GLE, Volvo XC90, Range Rover Velar, Porsche Cayenne and the Audi Q7.
'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
As fitness screening for pilots after the recent Germanwings crash come under scanner, mid-term psychometric tests for pilots of Indian air carriers are being mulled by the government to detect any cockpit crew who are too mentally ill to fly.
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
PIO finds similarities between WannaCry code and other tools created by Lazarus Group in the past.
Gift your brother/sister something smart, useful and trendy, says Ashish Narsale/Rediff.com.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
Amrita Singh scours the market for the smartest health devices going.
Speaking at the Delhi Economic Conclave in New Delhi, Reserve Bank of India Governor Raghuram Rajan said the central bank will come out with a discussion paper next week with regard to distressed borrowers and rising non-performing assets.
In an effort to bring all Test nations on board, the International Cricket Council (ICC) has sought the services of a leading technology institute -- the MIT -- to 'achieve' a uniform Decision Review System (DRS), an innovation which India has been opposing for long.
Official data showed that 11 accidents occurred in 2011, nine in 2012, eight in 2013 and two till March and in most of these cases, the choppers suffered substantial damage, apart from the 52 fatalities.
Traditionally, financial institutions have operated risk functions in silos. However, the nature of unknown threats today requires industry participants to work together, says Vikram Limaye.
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
A PTI tally of figures announced by different states and union territories, as of 9.25 pm, showed a higher number of 1,76,792 confirmed cases and at least 5,100 deaths. It also showed nearly 86,000 recoveries and close to 85,700 active cases.
How China's all powerful Communist party bungled the response to the coronavirus crisis.
Banks recovered Rs 18,933 crore (Rs 189.33 billion) worth of bad loans during the April-December period.
Delhi, Uttar Pradesh and Jammu reported one case each, officials said.
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
Rush to offload bad loans indicates a revival in asset-sale market
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
CEA offers three compelling arguments in his case for privatisation of government-owned banks.
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
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