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LIC to turn banker with debt-laden IDBI Bank buy

The Life Insurance Corporation (LIC) Board on Monday gave approval to the insurance behemoth to acquire up to 51% stake in IDBI Bank. IDBI Bank is likely to issue preferential shares to LIC so that..
DNA

Letter of Undertaking suspension aftermath: Clash of two payment regimes

Suspension of Letter of Undertaking (LoU) and Buyers Credit by banks three months ago has now raised fresh demand for liquidity among importers as the payment cycles of the LoU regime and the new..
DNA

Videos for "Prompt Corrective Action"

RBI issues corrective framework for Public Sector Banks [Video]RBI issues corrective framework for Public Sector Banks

New Delhi, Mar 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound..

Business edition -

 

RBI stress test rings alarm bells over weak PSU banks

The Reserve Bank of India (RBI) has sounded the alarm on 11 public sector banks (PSBs) placed under its prompt corrective action — the term used for lending restrictions on banks with a high level of..
IndiaTimes

Eleven public sector banks hopeful of getting out of RBI's watchlist by 2020

Eleven public sector banks that are under the RBI's watchlist for mounting bad loans on Tuesday expressed confidence before a parliamentary committee that they would emerge out of the central bank's..
Firstpost

Oriental Bank of Commerce hopes to post profit, come out of PCA framework this fiscal

Oriental Bank of Commerce (OBC) is one of the 11 banks which are under the prompt corrective action (PCA) framework
Firstpost

Risk Review Report on Indian Banking Sector by Alea Consulting

*Alea Consulting* has come up with a risk review report on Indian Banking Sector. The Indian banking system emerged safe out of the credit crisis of 2008-09, however, the relief was short-lived as..
NewsVoir

In a first, private banks in Gujarat lend more loans than PSBs

Private banks have overtaken nationalized banks in giving loans in Gujarat. Aggressive marketing by private banks, Prompt Corrective Action (PCA) on nationalized banks by RBI following rising bad..
DNA

Bringing oil under GST won't solve problem of prices going up and down: Sanjeev Sanyal

The government is trying to get back on track the country's banking sector which is under tremendous stress due to a staggering level of bad loans. *Sanjeev Sanyal*, Principal Economic Advisor to the..
DNA

24 Asset reconstruction companies do not find any good in one 'Bad Bank' idea

Asset reconstruction companies (ARCs) are against the interim finance minister Piyush Goyal's idea of setting up an asset management company, or a Bad Bank, that will specialise in buying out bad..
DNA

'Don't see more banks coming under RBI corrective action'

More banks are unlikely to be brought under the RBI's Prompt Corrective Action (PCA) framework as the situation pertaining to bad loans is expected to improve in the next couple of quarters, according..
DNA

Bank employees' union urges RBI to revoke lending restrictions on Dena Bank; curbs part of corrective action

In view of high non-performing assets (NPAs), the Reserve Bank of India (RBI) last month had initiated prompt corrective action (PCA) against Dena Bank, restricting the lender from giving fresh credit..
Firstpost

Parliament panel quizzes top bankers on Nirav Modi, Chanda Kochhar

The systems at ICICI Bank are strong and robust, but its CEO should have followed certain principles, top bankers told the Parliamentary Committee on Finance that is looking into the growing..
DNA

Rain hopes may douse rate flare-up

Top bankers and economists do not expect the Reserve Bank of India (RBI) to pull the trigger in June to hike interest rates. With Moody's lowering the growth forecast marginally, RBI may desist from..
DNA

RBI governor Urjit Patel skips parliamentary panel meeting

Reserve Bank of India governor Urjit Patel did not meet the parliamentary committee on finance citing prior appointment. An RBI spokesperson said that the governor could not attend the meeting, but..
DNA

Piyush Goyal assures all possible help to strengthen 11 public sector banks placed under 'Prompt Corrective Action'-PCA

Finance Minister Piyush Goyal today assured all possible help to strengthen the 11 public sector banks placed under the 'Prompt Corrective Action'-PCA framework by the RBI to check their deteriorating..
All India Radio

Finance minister Piyush Goyal promises help to 11 PSBs under RBI watch list

Finance Minister Piyush Goyal on Thursday promised all possible help to strengthen the 11 public sector banks placed under the 'Prompt Corrective Action' framework by the RBI to check their..
Firstpost

Finance Minister Piyush Goyal takes stock of banking system

[India], May 17 (ANI): Union Finance Minister Piyush Goyal on Thursday attended a meeting convened by the Department of Financial Services with various banks, under the Prompt Corrective Action
Sify

RBI advises more action to Allahabad Bank

State-run Allahabad Bank on Monday said that the Reserve Bank of India has advised certain addition actions against the lender in view of its capital adequacy and leverage ratio position, after the..
Sify

Centre seeks report on PSB action against loans that may turn NPAs

The government has asked the public sector banks (PSBs) to submit a report on the action taken against the loan accounts of Rs 50 crore and above that may turn into a non-performing asset (NPA). "We..
DNA

Loans against shares soar with market fortunes

Loans against shares and bonds grew the fastest followed by loans against fixed deposits for the financial year 2017-18, according to the latest bank credit figures put out by Reserve Bank of India..
DNA

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