Parliament passes amendments to insolvency bill to bar defaulters from bidding process
The bill seeks to replace an ordinance which was promulgated in November to prevent unscrupulous persons from misusing or vitiating the provisions of the Insolvency and Bankruptcy Code (IBC).
Jan 02, 2018, 19:13 PM IST
Gross NPAs of banks cross Rs 8.50 lakh crore in 1st half: Govt
RBI has issued directions to certain banks for referring 12 accounts, with fund and non-fund based outstanding amount greater than Rs 5,000 crore and with 60 percent or more classified as non-performing as of March 31, 2016, to initiate insolvency process under the Insolvency and Bankruptcy Code, 2016, Minister of State for Finance Shiv Pratap Shukla said.
Dec 18, 2017, 18:59 PM IST
Initiative for merger should come from banks: Rangarajan
Recently, the State Bank Of India merged five associates with itself and the government is looking to consolidate few more with the objective of creating five global-sized lenders.
Jul 11, 2017, 16:22 PM IST
NPA formation showing declining trend in March quarter: FM Jaitley
The rate of rise in bank's non- performing assets has slowed down in the March quarter and the steel sector has started showing signs of improvement, Finance Minister Arun Jaitley said on Wednesday.
Mar 15, 2017, 17:32 PM IST
NPA pains to spill over into next fiscal, says Moody's
Weak asset quality will continue to plague credit profile of banks, with their profitability remaining under pressure till the next fiscal, says a report.
Jan 09, 2017, 15:18 PM IST
