insolvency
Bank stocks dip up to 5 per cent amid selling pressure
The BSE bank index fell by 1.45 per cent to close at 26,234.14.
Banks to increase provisioning by 25 per cent post NPA haircut: Crisil
The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.
Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency
Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.
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.
RBI given more powers to tackle NPAs: Arun Jaitley
President Pranab Mukherjee last night signed ordinance to amend Banking Regulation Act.
Narendra Modi govt notifies new Banking Regulation Act
RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.