Search For "stressed assets"
RBI rolls out new stressed assets framework to tackle bad loan problem
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
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Stressed assets core area of concern: FM Jaitley at IBA Annual Meeting
Updated : 8 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 22 (ANI): Union Finance Minister Arun Jaitley on Friday stated that although the banking sector has seen a substantial revamp, the problem of stressed assets still persists and remains the core area of concern.
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Banks may need 20% incremental provisioning for 50 large stressed assets:
Updated : 8 years, 6 months ago IST
New Delhi [India], August 3, (ANI): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of
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Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sab
Updated : 8 years, 6 months ago IST
New Delhi [India], July 24 (ANI): Union Finance Minister Arun Jaitley on Monday introduced a bill to authorise the direct banking companies to resolve the problem of stressed assets.
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ASSOCHAM for creation of Stressed Asset Funds for NPA resolution
Updated : 8 years, 6 months ago IST
New Delhi [India] May 7 (ANI):Apex industry body ASSOCHAM suggested the creation of a Stressed Assets Fund (SAF) with active participation of the cash rich public sector firms to turn non-performing assets (NPAs) into performing assets.
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Govt. empowerment of RBI to deal with stressed assets was necessary: Jaitl
Updated : 8 years, 6 months ago IST
New Delhi [India], May 5 (ANI): Union Finance Minister Arun Jaitley on Friday said that it was necessary to empower the Reserve Bank of India (RBI) in relation to specific stressed assets, since it was doubtful that whether the language of Section 35 A of the Banking Regulations Act covered
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Catholic Syrian Bank Registers Record Net Profit in H1, 2016-17
Updated : 8 years, 6 months ago IST
Thrissur (Kerala) [India], Oct.27 (ANI-Businesswire India): During the first half of the financial year 2016 -17 Catholic Syrian Bank has registered the highest ever net profits during the first half, in the entire history of the 96 year old organization. Backed by surge in treasury profits
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RBI issues clarification on S4A norms for NPAs to banks
Updated : 8 years, 6 months ago IST
New Delhi, Aug. 25 (ANI): The Reserve Bank of India (RBI) has issued a clarification with respect to norms of its Scheme for Sustainable Structuring of Stressed Assets (S4A), which allows the bankers to restructure debt of companies in default.
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