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Government asks public sector banks to adopt non-coercive strategy for education loans recoveryThe non-performing asset (NPA) level in education loans had increased to 9.55% by December 2020, up from 7.61% in March the same year.- Govt looks to cut stake in select state-run entities to up to 26%Dept of investment & public asset management has been asked to formalise a note by the end of this month.
- Central public sector enterprises to merge or list subsidiariesThe plan entails arresting losses incurred by subsidiaries of state-run enterprises.
- EASE 2.0 scheme: Comprehensive public sector bank reform on the cardsThe govt already has some combinations in mind. Two separate processes are simultaneously being carried out.
- Government wants CPSEs to exit loss-making state-level entitiesIt is set to review these investments as part of a restructuring exercise to ensure that these CPSEs are not saddled with unrelated venture...
- As polls draw closer, government mulls steps to support farmers in distressAccording to a senior banker, talks are on to raise the KCC limit besides tweaking Fasal Bima Yojana.
- Smaller PSBs asked to consolidate operations, avoid fight with larger banksThe move comes close on the heels of the government’s proposal earlier this week to merge three state-run banks — Bank of Baroda, Vijaya Ba...
- LIC may pick up 30% more in IDBI BankLIC may acquire about 30% additional stake in IDBI Bank primarily through the issuance of fresh equity shares by the beleaguered bank.
- Finance ministry considers shore-up certificates to ease bad loan burden of lenders“The Prime Minister’s Office has passed on a representation-…we are looking at it,” a senior finance ministry official said. The idea is on...
- Capital infusion for state-run banks likely to begin by FebruaryThe government is likely to raise around Rs 70,000 crore by February 2018 as part of the total Rs 1.35 lakh crore to be met through recapit...
- PSBs look to frame common rules to value stressed assetsNon-performing assets of PSBs have increased to Rs 7.33 lakh crore as of June 2017 from Rs 2.78 lakh crore in March 2015.
- Public sector banks seek relief from paying dividendBankers say exemption from paying dividends will help banks push credit growth, which has not picked up in the last quarter.
- Industrial projects may get seven year green nod as Narendra Modi government looks to boost infra sectorThe move is in tune with the government's policies to facilitate investments in the country and put stalled projects back on track, a gover...
- Finance ministry asks PSU banks to monitor companies’ fortunes; aims to prevent bad loansThe ministry wants us to be more cautious,” the bank executive said. The government is tightening the rules related to wilful defaulters.
- Budget 2014: Government may delink direct benefit transfer scheme from Aadhaar cardsThe government is likely to announce a boost to the direct benefit transfer (DBT) scheme in the forthcoming budget with a few minor changes.
- Government mulls roping fast-track courts to chase bad loans of Rs 100cr+The finance ministry has set up a committee headed by VK Bhasin, to suggest measures to deal with high-value willful defaulters.
- Regulators take stock of risks posed by subsidiaries of HDFC Group, ICICI Group and Kotak GroupThe four regulators had signed a MoU for cooperation in the field of consolidated supervision and monitoring financial conglomerates.
- To avoid dilution of stake in PSBs, government looking at capital infusion optionsGovernment has committed to keep 51 per cent stake in state-run banks and maintain capital adequacy ratio (CAR) at 8 per cent.
- Refuse verbal loan orders and curb NPAs: Indian Bank's Association"During some vigilance complaints it was reported that loans were initially sanctioned on verbal orders," a senior government official said.
- Monitor companies with bad track record: Finanace MinistryThe move comes in at a time when RBI is gearing up to contain rising bad loans.
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