'Let's walk on two legs: Facilitate better resolution under the present system and set up PARA as well by transferring loans amounting to, say, Rs 1 lakh crore,' says T T Ram Mohan.Illustration: Uttam Ghosh/Rediff.com The Economic Survey proposed a Public Asset Rehabilitation Company -- PARA, a so-called 'bad bank' -- for tackling bad loans in the Indian banking system. We already have several Asset Reconstruction Companies, ARCs. So what’s new? PARA will be much bigger in scale and will ... Rediff.com, 3 days ago
Airtel Will Sell Mutual Funds, Insurance Via Payments Bank; Gov. Drafting Rules To Make E-Wallets Safer
Airtel Payments Bank has decided to jump into the lucrative financial products niche and will be soon selling mutual funds and insurance policies. As of now, Airtel Payments Bank has 2,50,000 banking points across India and close to 20 lakh saving accounts, ...Trak.in, 1 month ago
Chennai - Indian bankers expect demand for credit to improve in 3-6 months after demonetisation of Rs 500 and 1,000 notes slowed it down, finds a banking survey. According to the survey, the bankers also want a regulator to govern the financial technology ...Sify, 1 month ago
Sahara, Sharada, Rose Valley - each of these Ponzi schemes has become a household name in India, and for all the wrong reasons. In fact, such schemes have robbed 10 crore Indian depositors of approximately Rs 2 lakh crore of their hard-earned money. And yet, ...catchnews.com, 2 months ago
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