Credit guarantee on debt for NBFCs, HFCs

The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.

Circular has no effect in law: Apex court

The court held that reference to IBC can be made only on a case-to-case basis and that there cannot be a blanket direction to that effect.

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.

It said that bail-in amounts to liabilities’ holders bearing a part of the cost of resolution by reduction in their claims.

The banking sector is saddled with NPAs of over Rs 8 lakh crore of which Rs 6 lakh crore PSBs.

Total NPAs stand at over Rs 8 trillion of which Rs 6 trillion are with public sector banks.

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949, last month.

RBI changed the consent required for approval of a proposal to 60 per cent by value instead of 75 per cent earlier.

High NPA levels also impact the capacity of the banking system to support growth.