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Revised Framework For Resolution Of Stressed Assets

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President's address to the Parliament

 Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

RBI revises framework to resolve stressed bank accounts

 Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.  The Reserve Bank of India on Monday precluded chances of banks reporting divergent......

Genuine defaulter is a delusion: RBI deputy governor

 For willful defaulters, change in ownership accompanied by punitive action against the defaulting management is the way to go.Anup Roy reports. Illustration: Uttam Ghosh/Rediff.com A defaulter,......

Banks' NPAs may surge after RBI's new rules

 The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.  Over Rs 2.8 trillion worth of loans, where payments have......

Bankruptcy code brings good news for SBI

 So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel’s acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of......

PSU banks on Nifty see worst monthly fall in 2 years

 The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during February. With shares of public-sector banks continuing to reel under......

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