\\NEW DELHI: In a move to help state-run banks clean up books, the government will encourage them to acquire assets of loan defaulters in steel, power and shipping sectors, and rope in state-run companies to manage them, finance minister Arun ... Economic Times, 1 month ago
PSUs to manage stressed assets of banks: Jaitley - Smart Investor, 1 month ago
Vinod Rai talks tough, says banks dithering on cleaning bad loans - Economic Times, 1 month ago
Finance minister Arun Jaitley on Friday said that the existing provisions of the Prevention of Corruption Act (PCA) which do not distinguish between an erroneous and a corrupt decision is hampering the process of recovering non-performing assets ...Smart Investor, 1 month ago
NEW DELHI: The Finance Ministry has asked public sector banks to approach the newly constituted overseeing committee (OC) for resolution of all high-value bad loans and not just accounts considered under S4A. This was conveyed to the lenders at ...Economic Times, 1 month ago Finmin asks PSBs to refer all high-value NPA resolution cases to OC Millennium Post, 1 month ago
Banks Board Bureau chief Vinod Rai (Pic: Kamlesh Pednekar) The Centre may merge two large state-run banks in the coming financial year once a clean-up of bad assets has run its course, the official overseeing a turnaround of the sector told ...Smart Investor, 1 month ago 2 big Mumbai-based state-run banks could be merged: Vinod Rai Smart Investor, 1 month ago
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