Banking system needs more stringent stressed asset management norms and tighter regulatory oversight, rather than ‘compromise settlements' with willful defaulters causing the stress
RBI widens of scope of framework for resolution of stressed assets, streamlines BBPS processes and membership criteria, and issues guidelines on default loss guarantee arrangement in digital lending
The private lender has completed the sale of ₹48,000 crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company.
Despite policy incentives and new PPP contract model to protect private partners from external and unforeseen factors, Ministry of Ports, Shipping and Waterways is saddled with many abandoned projects
While banks have increased investments towards fraud risk management and monitoring systems and controls, these efforts seem insufficient, says Deloitte India.
A year after they were issued, the central bank’s rules have become fundamental for the resolution of debt.
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
The top court has ordered a status quo on High Courts making a judgement in cases challenging the Reserve Bank of India’s February 12 circular.
The bank’s stock fell over 3% on Tuesday. Brokerages, however, were optimistic about the stock going forward.
The Reserve Bank of India’s latest financial stability report says the banking sector continues to remain stressed.
