Debt Recovery Tribunals

A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar heard the submissions of Sudarshan Rajan, appearing for PIL petitioner Nischay Chaudhary, and sought the response of the Union Ministry of Finance.

Bad loans: SC concerned over lack of infrastructure at DRTs

The Supreme Court today expressed concern over lack of infrastructure, manpower and other facilities at Debt Recovery Tribunals and their appellate bodies and said lakhs of crores of rupees are non-performing assets as the recovery mechanism is not up to the mark.

Digitisation in banking an enabler & a disruption: Morparia

Kalpana Morparia, Head, South and South Asia of JPMorgan spoke to CNBC-TV18's Latha Venkatesh on a number of issues pertaining to banking and distressed assets.

Govt can't expect RBI to do everything for growth: BoB chief

State-run lender Bank of Baroda Managing Director and CEO PS Jayakumar today said the onus of recovery is on the government and not Reserve Bank.

Over 8,100 wilful defaulters owe banks over Rs 76,600 cr

The details were provided by Finance Minister Arun Jaitley in Rajya Sabha during Question Hour, where he also said that a Joint Committee of Parliament is presently looking into a Bill relating to debt recovery which aims at empowering banks to take more effective steps in dealing with default situations.

Wilful defaulters: I-T dept to use powers to arrest, detain

Officials have been directed not to shy away from the rare provisions of arrest, detention and auctioning of attached assets of wilful income tax defaulters

Bankruptcy code to improve environment for creditors: Fitch

The new Insolvency and Bankruptcy Code will help improve environment for creditors over medium to long term but effective implementation will remain key and may take time, Fitch Ratings said on May 13

Panel on PSU banks' consolidation on anvil: Arun Jaitley

An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun Jaitley said.

Banks are saddled with trillions of rupees of bad loans

On the 5/25 scheme, which the RBI introduced recently to deal with genuine problems of poor structuring, under which banks are allowed to stretch repayment profiles for performing loans to infrastructure and the core sector 25 years and recast the loans every fifth year for those projects which are commercially running.

Infrastructure debt funds (IDFs) get powers to recover debt

The government envisages Rs 56.3 lakh crore (about USD 1 trillion) investment in the infrastructure sector during the 12th Five Year Plan period.