Gitanjali is the major account which has turned bad in the fourth quarter of 2017-18.

The bank has also identified various non-core assets and real estate properties for sale to shore up its capital, sources said.

The letter, written on January 29, alleges that the company was wrongly dragged into IBC under the National Company Law Tribunal despite it...

NS Vishwanathan said banks unable to properly ascertain risks have a fundamental problem and they needed to learn the finer points of risk-...

The Finance Minister eased fears, following comments by a member of the NITI Aayog that farmers should be liable to pay tax on their income...

Last week, the government through an ordinance provided the Reserve Bank with greater powers to intervene in the resolution of non-performi...

This will provide a clear direction on the NPA front and the government will be able to take the bull by horns, the official said.

“I think we need to provide more strength to the processes and that is where there are discussions going on," SS Mundra said.

Mundra added that various stakeholders have come to a conclusion that a one-size-fits-all solution won’t work and NPAs would need to be han...

Government and the central bank are awaiting the report from banks post completion of forensic audit on big defaulters, an official told ET...

"In order to enable faster resolution of stress in an MSME account, every bank shall form Committees for Stressed MSME," RBI said in a noti...

The maxim that weak bank stocks are cheap and longterm investors should buy them may not hold true for some state-owned banks, going by the...

Banks and finance companies suggested to the Reserve Bank of India several measures that can be taken to stem the expanding bad loans, whic...

IVRC said that the senior lenders of the company will meet this week under the Corporate Debt Restructuring (CDR) mechanism.

"We are trying to bring in some more improvements in the JLF mechanism. Very soon, a paper will be out for further refinements."

Raghuram Rajan today said the Reserve Bank will shortly announce some measures that should improve the functioning of the joint lenders' fo...

A well-timed regulation from the Reserve Bank of India (RBI) allowed the JLF to invoke Strategic Debt Restructuring (SDR).