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SUNIL MEHTA COMMITTEE
IndusInd Bank says progress made in fixing staff accountabilityRajiv Anand assumes leadership at IndusInd Bank, prompting the dissolution of the interim committee formed after the resignations of the pr...- Standard term sheet to speed up large loan disbursalsBanks will soon follow a standardised term sheet and documentation for large loan syndications in line with the recommendations of an India...
- Govt forms panel for road map to quadruple handloom exports in 3 yearsThe committee has been set up amid textiles minister Piyush Goyal setting a target to raise handloom production to Rs 1.25 lakh crore from ...
- Sashakt Committee recommends changes in Inter Creditor AgreementMehta noted that this will ensure that a consensus building amongst lenders will be carried forward promptly, to its logical conclusion and...
- Bank-led resolution of NPAs set to beginIndian Banks’ Association has now asked the 34 lenders to initiate and send the resolution proposals under the scheme.
- Sunil Mehta panel incorporates 'Sashakt India AMC' for large NPAsUnder the project, the committee had to float an AMC and an AIF to resolve non-performing assets (NPAs) over Rs 500 crore.
- SBI may kickstart setting up asset management company for loan resolutionAccording to the committee report, the exposure of banks towards loans of Rs 500 crore and above would be around Rs 3.6 lakh crore, of whic...
- Guidelines on Inter creditor agreement next weekThe Sunil Mehta committee has also backed the government plan for a bad bank to deal with stressed loans by setting up an asset management ...
- 56 lenders to sign inter-creditor agreement in a few daysThe agreement — based on a recommendation by the Sunil Mehta committee that looked into resolution of stressed assets — aims to deal with b...
- Fearing probe, best bankers avoiding credit dept: PanelThe committee also emphasised on strengthening risk management practices and hiring specialists to deal with the fresh set of challenges th...
- Project Sashakt: Banks give shape to inter-creditor pact for bad assetsBanks will now take inter-creditor agreement to their respective boards for approval and it’s expected to go live later this month, Punjab ...
- Banks finalise inter-creditor agreement to deal with NPAsThe meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil...
- Public sector banks draw up bad loan resolution planState-run banks are expected to take the lead in setting up the AMC for the resolution of loans above Rs 500 crore under the five-pronged p...
- Stressed assets are a carry forward legacy of the previous regime: Piyush GoyalBanking in olden days had a lot of promoter credibility, stated Goyal. He admitted that the government implemented core banking reforms but...
- No bad bank plan, but govt now has a 5-point strategy to deal with NPAs: FM Piyush GoyalMehta panel has recommended an asset management company/alternative investment fund-led resolution approach to deal with NPA cases of over ...
- IDBI-LIC stake deal: Finance Ministry official says boards to take a callAs per reports, govt might ask LIC to take at least 40 per cent more in IDBI, something it had done with Axis Bank in the past.
- Money is money, says PNB Chief; favours highest bidderPNB has exposure in 9 accounts of the first list of 12 accounts that are referred to bankruptcy court.
- Cost of funds at 5.1% lowest in the industry: Sunil Mehta, PNBIn an exclusive interview with ET Now, Sunil Mehta, MD & CEO, PNB, said lower cost of funds and better yields have contributed to growth in...
- Government demotes two top chief executives of Punjab National Bank and Bank of IndiaWhile PNB's Usha Ananthasubramaniam has been transferred to a small lender Allahabad Bank, BoI's Melwyn Rego has been shunted to Syndicate ...
- 10 new EDs appointed in public sector banksThe Appointments Committee of the Cabinet has approved the proposal of the Department of Financial Services for appointment of 10 General M...
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