bad loans
NCLT sends notice to Bhushan Steel, Bhushan Power over bad loans
SBI is lead banker to defaulters like Bhushan Steel, Essar Steel, Jyoti Structures Ltd and Electrosteel Steel.
Banking Ombudsman can now slap Rs 20 lakh fine
Banks could be penalised for mis-selling third-party products like insurance and mutual funds via e-banking.
RBI rejigs overseeing committee to monitor restructuring of bad loans
The reconstituted OC will work with an expanded mandate to review the restructuring of stressed assets.
RBI move on insolvency proceedings credit positive: Moody's
RBI has also asked banks to also review other NPAs and finalise a resolution plan over the next six months.
Loan defaulters: IDBI starts insolvency proceedings against Lanco Infratech
Lanco Infratech is among the 12 firms identified by the central bank with a combined debt of over Rs 1,50,000 crore.
Bankers to meet from Monday to decide on large loan defaulters
Banks will meet to discuss six of the 12 accounts named by the RBI before referring accounts to the NCLT.
NPA resolution: PMO to review progress on June 19
Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.
State-run lenders may need more capital: RBI deputy Mundra
Mundra said state-run lenders may need more capital beyond the budgeted total allocation of 700 billion rupees.
Bank stocks rise by 7.7% due to RBI's bad loan identification
The central bank identified 12 accounts for insolvency proceedings with each having over Rs 5,000 crore of outstanding loans
Resolution of Indian banks' bad loans primary focus of govt: Sanyal
Sanyal's comments came a day after the RBI revealed that it had identified 12 of the largest loan defaulters.