Updated : 1 week, 3 days ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): The Reserve Bank of India (RBI) on Friday released fresh guidelines to deal with bad loans, which mandated banks to start the resolution even if there was a one-day default.
Updated : 1 month ago IST
Mumbai (Maharashtra) [India], May 14 (ANI): Exactly three years since it was legislated, the Insolvency and Bankruptcy Code (IBC) 2016 has made material progress in addressing the logjams it was supposed to -- which is faster recovery of stressed assets and quicker resolution timelines.
Updated : 10 months, 3 weeks ago IST
New Delhi [India], July 30 (ANI): The central government has decided to set up a high-level empowered committee headed by the Cabinet Secretary to address the issues of stressed thermal power projects.
Updated : 1 year ago IST
New Delhi [India], June 12 (ANI): A top government official has said that a stakeholder meeting to discuss stressed assets in the power sector is expected to take place later this month.
Updated : 1 year, 4 months ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], Sept 22 (ANI): Union Finance Minister Arun Jaitley on Friday stated that although the banking sector has seen a substantial revamp, the problem of stressed assets still persists and remains the core area of concern.
Updated : 1 year, 10 months ago IST
New Delhi [India], August 3, (ANI): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of
Updated : 2 years, 1 month ago IST
New Delhi [India], May 5 (ANI): Union Finance Minister Arun Jaitley on Friday said that it was necessary to empower the Reserve Bank of India (RBI) in relation to specific stressed assets, since it was doubtful that whether the language of Section 35 A of the Banking Regulations Act covered