Bankers will soon act on the 28 defaulters identified in Reserve Bank of India's second list and haul them to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code (IBC).
Bankers are struggling to find out-of-court resolutions and will soon move involvency courts by this year end to file cases worth over Rs 1.5 lakh crore
Most banks are preferring the Qualified Institutional Placement (QIP) route, sources said, adding that Punjab National Bank (PNB) would be the first to hit the market to raise Rs 5,000 crore. Bank of Baroda, Bank of India, Union Bank of India Allahabad Bank and Andhra Bank are also gearing up for the share sale, they said.
Additional NPAs grew the highest in March 2016 at Rs 1.39 lakh cr over Dec 2015 quarter and the second highest in June 2017 over March 2017 quarter at Rs 1.17 lakh cr
Most public and private sector banks mention in their agreement clause while filling the application form to rent a locker facility that the banks are not responsible for any loss or damage to the contents of a locker
Experts suggest upgradation of security and alarm systems, fresh guidelines and safety procedures to battle the intelligent techniques of robbers and criminals.
The staff strength has come down to 2,69,219 staff as on September 2017 compared to 2,79,803 as on March 2017.
Banks had put up approximately Rs 30,000 crore worth of assets for sale during the six months period starting April, of which banks have managed to sell just about Rs 5,000-6,000 crore to ARCs
The recapitalisation plan means banks now have more cash in their pockets in order to provide for more loans.
With banks burdened with a spike in bad loans and shortage of capital availability, the government may push the RBI to help them in meeting capital requirements.
In an attempt to promote interoperability in the usage of prepaid payment instruments (PPIs), the RBI directed all financial companies to make KYC-compliant PPIs interoperable within the next six months
Even as the senior-level placements for public sector banks are underway, the government has approved the appointment of nine executive directors, according to reports.
The advisor also said that the government has various options in mind to sort out the banking mess, including recapitalization and diluting the government’s stake
Public sector banks are cut out for major tasks of growth and profitability despite weak demand and slowing economy even as they grapple with bad loan resolutions and the consolidation process, feel bankers.
This comes a day after Union Transport Minister Nitin Gadkari pulled up banks for delaying financing towards the roads sector despite several clearances and faster movement of the projects.
The ratings agency has estimated that Indian banks will need USD 65 billion as additional capital to meet Basel III requirements by 2019 with state banks requiring more than 90 percent.
Banks are going slow in filing large new cases at the National Company Law Tribunal (NCLT) and observing the current progress of the 12 large accounts in the insolvency proceedings.
Capital need estimates have fallen from the previous estimate of USD 90 billion as a result of asset rationalisation and weaker-than-expected loan growth.
Sudarshan Chakra may be the answer.
Last month, IDBI Bank planned to pare 16.25 percent stake in the micro, small and medium enterprises financier but "have already identified a buyer for the remaining 2.54 percent" it owns in SIDBI, according to a source.
Rajan spoke as he released his book “I Do What I Do” based on compilation of his speeches and his commentary on the reform, rhetoric and resolve.
Raghuram Rajan's new book talks about reforms, rhetoric and resolve through a compilation of his speeches delivered while at the helm of the central bank.
Some of the leading banks in India, have set the trend in personalisation. HDFC Bank took the lead in the use of analytics back in the early 2000s. State Bank of India is also using analytics to track its own services
Merger proposals to largely constitute factors such as capital strengths, geographical presence, asset quality, IT compatibility and human resource transition of the banks
The Union cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks.