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Nirmala Sitharaman's 13-Tweet Counter To Rahul Gandhi's 'RBI List' Attack
In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.
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Banks' "Worst" Time Under Manmohan Singh-Raghuram Rajan: Finance Minister
Finance Minister Nirmala Sitharaman has turned the tables on her macroeconomics opponents by pointing at a massive amount of bad loans in state-run banks when the United Progressive Alliance (UPA) was in power. She held "the combination" of former Prime Minister Manmohan Singh and former Reserve Bank of India Governor Raghuram Rajan responsible for...
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PM Office Refuses RTI On Details Of Bad Loans Submitted By Raghuram Rajan
The Prime Minister's Office (PMO) has termed as a "roving enquiry" an RTI plea seeking to know details of bad loans submitted by the then RBI Governor Raghuram Rajan to it and which finds mention in his response to Parliament's Committee on Estimates.
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"Sent High-Profile Fraud List To PM's Office": Raghuram Rajan's Bombshell
Former RBI governor Raghuram Rajan has said in his report to a parliamentary panel that he said a list of high profile fraud cases to the Prime Minister's Office but was "not aware of any progress" on it.
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"Slow Decision-Making" A Factor In Mounting Bad Loans: Raghuram Rajan
Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.
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Ahead Of RBI Deadline, Bankers Push To Resolve Rs 3.8 Trillion Bad Loans
With a six-month deadline set by Reserve Bank of India to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against defaulters who are mostly power producers.
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To Tackle Bad Loans, Parliamentary Panel Seeks Raghuram Rajan's Advice
A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter.
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RBI Has "Wide Ranging Powers" To Deal With Banks: Government
The Reserve Bank Of India has "wide-ranging and comprehensive" powers to address various situations in banks, the government said today against the backdrop of RBI Governor Urjit Patel seeking more powers to deal with the problem of bad loans at public sector banks.
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RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
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RBI's New Norms On Bad Loans A Wake Up Call For Defaulters, Says Government
Financial Services Secretary said the RBI's decision would not have much impact on provisioning norms for banks.
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RBI Announces New System To Settle Bad Loans
Last year, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.
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$3.6 Billion In Hidden Bad Loans Spotlight Indian Banking Stress
State Bank of India's shares fell 1.7 percent to Rs 296.4 in Mumbai on Friday, extending this year's drop to 4.4 percent.
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PSU Banks Face 1,463 NPA Accounts Of Rs 100 Crore Each
In State Bank of India (SBI) alone, 265 accounts had bad loans of more than Rs 100 crore each, totalling Rs 77,538 crore, at the end of the September quarter.
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RBI Puts Bank Of India Under Prompt Corrective Action For High Bad Loans
Shares of the bank dropped as much as 5.4 per cent to 171.45 rupees in afternoon trade
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With $207 Billion In Bad Loans, Banks Start Tougher Rules For Borrowers
Lenders are stepping up efforts to have safeguards in place as they struggle to clean up $207 billion of stressed loans in the system.
-
Nirmala Sitharaman's 13-Tweet Counter To Rahul Gandhi's 'RBI List' Attack
In a series of tweets late on Tuesday night, Finance Minister Nirmala Sitharaman rebutted Congress leader Rahul Gandhi on his allegations on "wilful defaulters, bad loans and write-offs", calling them an attempt to "mislead people in a brazen manner" and sensationalise facts.
-
Banks' "Worst" Time Under Manmohan Singh-Raghuram Rajan: Finance Minister
Finance Minister Nirmala Sitharaman has turned the tables on her macroeconomics opponents by pointing at a massive amount of bad loans in state-run banks when the United Progressive Alliance (UPA) was in power. She held "the combination" of former Prime Minister Manmohan Singh and former Reserve Bank of India Governor Raghuram Rajan responsible for...
-
PM Office Refuses RTI On Details Of Bad Loans Submitted By Raghuram Rajan
The Prime Minister's Office (PMO) has termed as a "roving enquiry" an RTI plea seeking to know details of bad loans submitted by the then RBI Governor Raghuram Rajan to it and which finds mention in his response to Parliament's Committee on Estimates.
-
"Sent High-Profile Fraud List To PM's Office": Raghuram Rajan's Bombshell
Former RBI governor Raghuram Rajan has said in his report to a parliamentary panel that he said a list of high profile fraud cases to the Prime Minister's Office but was "not aware of any progress" on it.
-
"Slow Decision-Making" A Factor In Mounting Bad Loans: Raghuram Rajan
Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.
-
Ahead Of RBI Deadline, Bankers Push To Resolve Rs 3.8 Trillion Bad Loans
With a six-month deadline set by Reserve Bank of India to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against defaulters who are mostly power producers.
-
To Tackle Bad Loans, Parliamentary Panel Seeks Raghuram Rajan's Advice
A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter.
-
RBI Has "Wide Ranging Powers" To Deal With Banks: Government
The Reserve Bank Of India has "wide-ranging and comprehensive" powers to address various situations in banks, the government said today against the backdrop of RBI Governor Urjit Patel seeking more powers to deal with the problem of bad loans at public sector banks.
-
RBI Chief Questioned By MPs On Supervision Fail In Nirav Modi Scandal
Facing tough questions from parliamentarians on the Nirav Modi scam and bad loans hitting state-run lenders, RBI Governor Urjit Patel said today that the regulator had limited powers to act against public sector banks like Punjab National Bank (PNB).
-
RBI's New Norms On Bad Loans A Wake Up Call For Defaulters, Says Government
Financial Services Secretary said the RBI's decision would not have much impact on provisioning norms for banks.
-
RBI Announces New System To Settle Bad Loans
Last year, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.
-
$3.6 Billion In Hidden Bad Loans Spotlight Indian Banking Stress
State Bank of India's shares fell 1.7 percent to Rs 296.4 in Mumbai on Friday, extending this year's drop to 4.4 percent.
-
PSU Banks Face 1,463 NPA Accounts Of Rs 100 Crore Each
In State Bank of India (SBI) alone, 265 accounts had bad loans of more than Rs 100 crore each, totalling Rs 77,538 crore, at the end of the September quarter.
-
RBI Puts Bank Of India Under Prompt Corrective Action For High Bad Loans
Shares of the bank dropped as much as 5.4 per cent to 171.45 rupees in afternoon trade
-
With $207 Billion In Bad Loans, Banks Start Tougher Rules For Borrowers
Lenders are stepping up efforts to have safeguards in place as they struggle to clean up $207 billion of stressed loans in the system.
