Rbi Bad Loans
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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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REC, PFC Flouted RBI Rules To Sanction Loans: CAG
"REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts,- said CAG.
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Company Law Tribunal Priority For Insolvency: RBI Partially Retracts Statement
On June 13, RBI had said it has identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs of banks.
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Central Bank Begins Work, But More Money Needed to Kill Bad Loans
Armed by a recent change in law that gives it to more power to act, the Reserve Bank of India has said it will expand its two-member Oversight Committee as it puts in gear a plan to resolve the massive backlog of non-performing assets or bad loans that public sector banks have built.
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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.
-
REC, PFC Flouted RBI Rules To Sanction Loans: CAG
"REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts,- said CAG.
-
Company Law Tribunal Priority For Insolvency: RBI Partially Retracts Statement
On June 13, RBI had said it has identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs of banks.
-
Central Bank Begins Work, But More Money Needed to Kill Bad Loans
Armed by a recent change in law that gives it to more power to act, the Reserve Bank of India has said it will expand its two-member Oversight Committee as it puts in gear a plan to resolve the massive backlog of non-performing assets or bad loans that public sector banks have built.
