
RBI wants lenders to identify 'wilful defaulters' within 6 months
Wilful defaulters will not be eligible for restructuring of the credit facility.
Wilful defaulters will not be eligible for restructuring of the credit facility.
RBI must make public the debtors who are marked 'fraud' and 'wilful defaulter' to stop money laundering, fleeing the country and also to prevent negligence of banks, law enforcement agencies, if any
Non-performing assets have dipped but it's too early to uncork the bubbly as global slowdown impacts export and MSME sectors.
NPAs fall drastically despite credit to commercial sector and government rising 63% and 52%, respectively.
From scanning portfolios to identifying deficiencies in loan sanctions, to central processing cells, Bank of Maharashtra has come a long way.
Profit of Indian lenders grew 38.4% in 2022-23, led by strong growth in net interest income and significant reduction in provisions
Deficiencies in a bank's business model can spark a crisis in due course, says RBI governor.
Deposits touch ₹66,498 crore on the back of 88% CAGR in four years.
In July, the private lender selected JC Flowers for the sale of its stressed loans after a consortium of Cerberus Capital and Asset Reconstruction Company of India (ARCIL) withdrew from the bid.
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.