The meeting assumes significance as it will be the first after promulgation of the ordinance amending the Banking Regulation Act, 1949, las...

"Overall, the RBI has a strategy to deal with the resolution of large assets and we are working in a calibrated manner and we hope to see s...

NITI Aayog report on merger and consolidation in public sector banks is expected in a month," a senior Finance Ministry official said.

RBI will hold meetings with stakeholders, including PE firms and ARCs. It also said it would expand the scope of cases to be referred to ov...

RBI has identified about 50 cases for NPA resolution after it was empowered by the government to ask banks to initiate insolvency proceedin...

"NPA ordinance is a very powerful ordinance and in a way it is a big milestone that can create an environment to enable a lot of resolution...

IMF's Adrian had made a presentation earlier this year, during which he noted that the Indian corporate sector was highly leveraged and und...

Under Reserve Bank of India rules, a loan becomes non-performing if the interest or instalment of principal remains overdue for more than 9...

The government has no intention to get into individual cases and it has already given authorisation to the banking sector regulator, an off...

At any point, the RBI can issue more guidelines to make the process more effective, the official said, adding that haircut is a commercial ...

With this ordinance and bankruptcy and insolvency act, yes definitely it is a positive step and because it is time bound, it means action n...

Banks should solve the problem with backing from RBI rather than direct intervention by RBI

However, sounding a note of caution, he said, These are hard problems, these are difficult problems, but we are determined to solve them."

Bank of Maharashtra's managing director of the bank Ravindra Marathe says that the bank will focus on recovery and retail lending to shore ...

Finance Minister Jaswant Singh on Sunday ruled out an ordinance to convert IDBI into a bank, even though he was disappointed that the recen...

To pacify corporate India, which has dubbed the NPA Ordinance as financial Pota, the Finance Ministry has appointed a five-member committee...

The Cabinet has approved the repromulgation of the securitisation ordinance which would expedite the recovery of loans and help bring down ...