Arun Jaitley Bad Loans
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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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This Financial Year, Centre Expects Recovery Of 1.8 Lakh Crore Bad Loans
The government expects recovery of around Rs 1.8 lakh crore worth of bad loans during the current fiscal through measures like the insolvency and bankruptcy code and debt recovery tribunals.
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Lok Sabha Passes Insolvency And Bankruptcy Code Amendment Bill
Loan defaulters can participate in bidding under the insolvency proceedings after paying due interest and making their bad loan accounts operational, Finance Minister Arun Jaitley said.
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Government Making 'Mazboor' Banks 'Mazboot', Says Arun Jaitley
"The government has not waived any loans of big NPA defaulters...," the minister asserted.
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Bankruptcy Code May Be Amended In Parliament's Winter Session
Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.
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Amendments To Insolvency And Bankruptcy Code Cleared
Finance Minister Arun Jaitley announced approval for the amendments following a cabinet meeting but did not provide the details.
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Opinion: Arun Jaitley Just Proved Arun Shourie Right
India's public sector banks have been weighed down by bad loans -- which means they are unable to lend more without further stressing their balance sheet.
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Public Sector Banks To Get Rs 2.11 Lakh Crore, A 'Bold' Step, Says Arun Jaitley
Finance Minister Arun Jaitley said that the lending spree of public sector banks during 2008-14 had resulted in the bulk of the bad loans in the banking system.
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Must Set Our House In Order: Amitabh Kant On Economic Slowdown
Factories were running at about 74 percent of capacity in October-December, business sentiment in manufacturing worsened in the April-June period and consumer confidence dipped in June.
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Reviving Private Investment, Strengthening Banks A Challenge: Arun Jaitley
"The reality is that there are two major challenges. One with regard to encouraging private sector investment and second with regard to improving the capacity of our banking system to support growth," Arun Jaitley said, addressing IBA's Annual General Meeting.
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'Pay Up Or Give Up': Arun Jaitley Puts Businesses On Notice
"Let's try and make the private sector pay for their debts or allow somebody else to step in," he said.
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States Will Have To Find Funds For Farm Loan Waivers, Says Arun Jaitley
With mounting demands from farmers for loan waiver, Finance Minister Arun Jaitley on Monday said states will have to find funds from their own resources -- virtually ruling out any funding from the Centre. "I have already made the position. States which want to go for these kinds of schemes will have to generate them from their own resources. Beyon...
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Loans To Vijay Mallya's Kingfisher A Write-Off 'Only In Books,' Says Arun Jaitley
Around Rs 1,200 crore in dues owed by Vijay Mallya's collapsed Kingfisher Airlines has been labelled a write-off in the books of India's largest bank, the State Bank of India.
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Finance Minister Arun Jaitley Meets Bankers, Bad Debts Top Agenda
Finance Minister Arun Jaitley's review meeting with the chiefs of public sector banks today is expected to create a turnaround road map on how banks - facing nearly 3.6 lakh crore worth non-performing assets (NPAs) - can become part of the India's growth story.
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
This Financial Year, Centre Expects Recovery Of 1.8 Lakh Crore Bad Loans
The government expects recovery of around Rs 1.8 lakh crore worth of bad loans during the current fiscal through measures like the insolvency and bankruptcy code and debt recovery tribunals.
-
Lok Sabha Passes Insolvency And Bankruptcy Code Amendment Bill
Loan defaulters can participate in bidding under the insolvency proceedings after paying due interest and making their bad loan accounts operational, Finance Minister Arun Jaitley said.
-
Government Making 'Mazboor' Banks 'Mazboot', Says Arun Jaitley
"The government has not waived any loans of big NPA defaulters...," the minister asserted.
-
Bankruptcy Code May Be Amended In Parliament's Winter Session
Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.
-
Amendments To Insolvency And Bankruptcy Code Cleared
Finance Minister Arun Jaitley announced approval for the amendments following a cabinet meeting but did not provide the details.
-
Opinion: Arun Jaitley Just Proved Arun Shourie Right
India's public sector banks have been weighed down by bad loans -- which means they are unable to lend more without further stressing their balance sheet.
-
Public Sector Banks To Get Rs 2.11 Lakh Crore, A 'Bold' Step, Says Arun Jaitley
Finance Minister Arun Jaitley said that the lending spree of public sector banks during 2008-14 had resulted in the bulk of the bad loans in the banking system.
-
Must Set Our House In Order: Amitabh Kant On Economic Slowdown
Factories were running at about 74 percent of capacity in October-December, business sentiment in manufacturing worsened in the April-June period and consumer confidence dipped in June.
-
Reviving Private Investment, Strengthening Banks A Challenge: Arun Jaitley
"The reality is that there are two major challenges. One with regard to encouraging private sector investment and second with regard to improving the capacity of our banking system to support growth," Arun Jaitley said, addressing IBA's Annual General Meeting.
-
'Pay Up Or Give Up': Arun Jaitley Puts Businesses On Notice
"Let's try and make the private sector pay for their debts or allow somebody else to step in," he said.
-
States Will Have To Find Funds For Farm Loan Waivers, Says Arun Jaitley
With mounting demands from farmers for loan waiver, Finance Minister Arun Jaitley on Monday said states will have to find funds from their own resources -- virtually ruling out any funding from the Centre. "I have already made the position. States which want to go for these kinds of schemes will have to generate them from their own resources. Beyon...
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
-
Loans To Vijay Mallya's Kingfisher A Write-Off 'Only In Books,' Says Arun Jaitley
Around Rs 1,200 crore in dues owed by Vijay Mallya's collapsed Kingfisher Airlines has been labelled a write-off in the books of India's largest bank, the State Bank of India.
-
Finance Minister Arun Jaitley Meets Bankers, Bad Debts Top Agenda
Finance Minister Arun Jaitley's review meeting with the chiefs of public sector banks today is expected to create a turnaround road map on how banks - facing nearly 3.6 lakh crore worth non-performing assets (NPAs) - can become part of the India's growth story.
