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SC nixes RBI circular on bad loans as ultra vires

SC nixes RBI circular on bad loans as ultra vires

🕔12:29, 2.Apr 2019

New Delhi, April 2  In a huge relief to the regulated sector, the Supreme Court on Tuesday struck down as ultra vires the controversial Reserve Bank of India (RBI) circular mandating resolution of loans of Rs. 2,000 crore and above

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Banks’ bad loans’ status improved over H1 2018-19: RBI

Banks’ bad loans’ status improved over H1 2018-19: RBI

🕔09:00, 1.Jan 2019

Mumbai, Jan 01  The asset quality of banks improved over the first-half of this fiscal with the gross non-performing assets (GNPAs or bad loans) ratio declining to 10.8 per cent in September, from 11.5 per cent in March, the Reserve

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Larger number of bad loans originated in 2006-08: RBI ex-chief

Larger number of bad loans originated in 2006-08: RBI ex-chief

🕔10:27, 12.Sep 2018

New Delhi, Sep 12  A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said. He said that global slowdown, project cost

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RBI revises NPA norms, announces penalty on banks for non-compliance

RBI revises NPA norms, announces penalty on banks for non-compliance

🕔07:23, 6.May 2017

New Delhi, May 5 (IANS) In wake of the ordinance promulgated on Friday empowering the Reserve Bank of India (RBI) to tackle bad loans, the central bank revised the guidelines in this regard and warned banks of monetary penalty if

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Banks need to raise private capital to deal with bad loans: RBI

Banks need to raise private capital to deal with bad loans: RBI

🕔10:38, 29.Apr 2017

Mumbai, April 29  The mounting problem of bad loans of banks cannot be resolved by their simple recapitalisation and options like raising private capital for state-run banks need to be considered to deal with the issue, the RBI said on

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Jaitley, RBI officials to discuss banks’ bad loans

Jaitley, RBI officials to discuss banks’ bad loans

🕔10:23, 10.Mar 2017

New Delhi, March 10  Finance Minister Arun Jaitley will meet with senior Reserve Bank of India (RBI) officials here on Friday to discuss the issue of banks’ non-performing assets (NPAs) or bad loans, sources said.The magnitude of the problem can

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Bad loans of state-run banks double in 15 months

Bad loans of state-run banks double in 15 months

🕔09:27, 25.Aug 2016

Mumbai, Aug 25  The gross non-performing assets (NPAs), or bad loans, of India’s state-run banks, measured as a percentage of their advances, have ballooned from 5.4 per cent as on March 2015 to 11.3 per cent 15 months later, as

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RBI moves on banks’ bad loans in right direction: IMF chief

RBI moves on banks’ bad loans in right direction: IMF chief

🕔10:33, 14.Mar 2016

New Delhi, March 14  The RBI efforts to deal with the state-run banks’ huge non-performing assets (NPAs) or distressed loans are steps in the right direction, International Monetary Fund (IMF) managing director Christine Lagarde said on Sunday.“The (move of) Reserve

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State-run banks’ bad loans rise by Rs.1 lakh crore in 9 months

State-run banks’ bad loans rise by Rs.1 lakh crore in 9 months

🕔10:41, 9.Mar 2016

New Delhi, March 9  Non-performing assets (NPAs), or bad loans, of public sector banks (PSBs) have increased by close to Rs.1 lakh crore in the first nine months of the current fiscal, parliament was informed on Tuesday.“The gross non-performing assets (NPAs)

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