Banking Regulation Act

Paytm’s best option would be a representation to RBI, say legal experts

While RBI’s order does not mention why such a radical action was taken against the company, Moneycontrol has learned that RBI was miffed with Paytm Payments Bank’s non-compliance with regulatory requirements.

RBI’s move to give Rural Cooperative Banks more fundraising options will strengthen capital ratios, spur lending

The move could help RCBs boost digital infrastructure to meet customers' changing needs and tap rural recovery.

RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks

The scheme of amalgamation has to be approved by the requisite majority of shareholders.

Explained: The concept of co-operative banking in India

The co-operative banking system came into being with the aim to promote saving and investment habits among people, especially in rural parts of the country.

Policy | Who regulates public sector banks: Government or RBI?

The web of the finance ministry and the RBI on regulation of PSBs is making things murkier.

RBI official: Banking Regulation Act does not fully apply to SBI, other PSBs and regional rural banks

Last week, RBI Governor Urjit Patel, in the context of the fraud at Punjab National Bank (PNB) had stressed that the it does not have enough control over the state run banks as much as it have over private lenders.

Crackdown on NPAs: RBI readies list of bad loans under bankruptcy rule

India’s banks have been saddled with non-performing assets (NPAs), loans that have turned bad, mainly across six major sectors including steel, power, roads, highways, and telecom

Banks may have to bear at least 25% loss to resolve bad loans: Experts

Banks may be required to take a loss of at least 25-40 percent in the form of haircuts to resolve the stressed loans that mar the sector, according to senior bank officials said.

NPA resolution of Indian banks riddled with more thorns than roses

Our study of listed Indian companies suggests that outstanding debt of close to Rs 12.6 lakh crore belongs to companies that have interest coverage ratio of less than one. Clearly, bankers and RBI are staring at a very bumpy ride ahead.

3 years of Modi: Banking sector reforms announced; results awaited

In an attempt to help banks, especially public sector banks (PSBs) recognise the ashes of high level of non-performing assets (NPAs) and rise like a phoenix, in December 2015, the Reserve Bank of India under the leadership of former Governor Raghuram Rajan, asked banks to set aside a pool of funds in the form of provisioning towards sub-standard assets. This further dented the banks’ balance sheets.

Rs 8.6 lakh cr at risk: India's most heavily-indebted companies are still struggling to service loans

Nearly 150 top borrowers with debt worth Rs 8.59 lakh crore owed across the Indian banking system are struggling to pay interest on their loans.

Why the banking ordinance belies expectations

The ordinance announced on Friday lacks adequate substance and can be considered as incrementalism at best.

New Banking Regulation Act will speed up decision making by banks: FM Arun Jaitley

Explaining the ordinance, the Finance Minister said paralysis in the name of autonomy is detrimental to the economy.

Breaking bad debt: Here's how experts reacted to govt ordinance on NPA

Amendments to the Act will allow the RBI to deal with the menace of bad loans on a case-to-case basis as opposed to following a set of broad guidelines and rules for all non-performing assets (NPAs).

Loan defaulters beware! Modi govt notifies new Banking Regulation Act

RBI can now direct and empower banks to initiate insolvency resolution proceedings.

Government planning to empower RBI to deal with stressed assets: Report

The government is considering legislation to empower the Reserve Bank of India (RBI) in effective handling of stressed assets, in tandem with its broader plan to resolve banks' bad loans, the Economic Times reported on Tuesday, citing sources.

RBI imposes penalty on 2 Chhattisgarh cooperative banks

"The RBI has imposed a monetary penalty of five lakh each on Zila Sahakari Kendriya Bank Maryadit, Raipur, and Raipur Urban Mercantile Cooperative Bank Limited," a statement from RBI's regional office here said.

RBI eases norms for banks to grant loans to CEOs, directors

Section 20 of Banking Regulation Act, 1949 (BR Act, 1949) prohibits banks from granting any loan or advance to any of its directors.

Kotak-ING Vysya: Cos will need more shareholder support

Voting cap means both Kotak and ING need more public support than they would have for this deal to go through. The deal is done under the Banking Regulation Act and not the Companies Act.

Yes Bank says suit filed by Madhu Kapur not maintainable

Yes Bank on Wednesday took a stand before the Bombay High Court that the suit filed by Madhu Kapur, the widow of Bank's co-founder Ashok Kapur, challenging the appointment of directors nominated by the current managing director Rana Kapoor, was not maintainable.