Financial Services Secretary Debasish Panda said the work is in progress and the DFI should become a reality soon, may be by the end of the current financial year or early next year

The CII in its pre-budget memorandum recommended that the government consider enabling Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs) to purchase NPAs

RBI Governor Shaktikanta Das has been advising banks to proactively raise capital and not wait for a difficult situation to arise due to the ongoing COVID-19 crisis

Tarun Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks

The Reserve Bank had announced a resolution framework to help the entities facing financial stress on account of disruption in normal business activity on account of coronavirus pandemic

Under TLTRO, banks can invest in corporate bonds, commercial papers (CPs), and non-convertible debentures (NCDs) issued by the entities in specific sectors

The RBI has barred the Kotak Mahindra Bank in compliance with its December 4 circular barring banks and certain categories of non-banks from making any dividend payments on equity shares from profits with respect to the financial year ended March 31, 2020

The net non-performing asset (NPA) ratio of the NBFCs should be less than 6 per cent in each of the last three years, including the accounting year for which it proposes to declare dividend

Videocon Group chief and co-accused in the ICICI Bank money laundering case Venugopal told ED that Rs 64 crore was transferred to Deepak Kochhar's company Nupower Renewable Private Limited (NPRL) to get the loans sanctioned by ICICI Bank in 2009

SBI stock touched an intraday high of Rs 259, rising 4.94% on BSE.

Now, the bidders will have an option to either submit a fresh bid or continue with November 17 bid. Additionally, DHFL's creditors have also given the freedom to bid either for a portion of the loan book or for the entire portfolio

The IBA co-ordination committee had been holding regular feedback meetings with the Kamath committee members in light of the pandemic proceedings, and had unanimously expressed their desire to extend timelines.

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

Mukesh Ambani-controlled Reliance Industries, which crossed $200 billion for the first time in September, now slipped to $167 billion

Lakshmi Vilas Bank had been under Reserve Bank of India (RBI's) moratorium for a period of 30 days till December 16, 2020, during which withdrawals for depositors were capped at Rs 25,000

Union Bank share gained 5.64% to Rs 27.15 against previous close of  Rs 25.70 on BSE

Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya in an article he posted on LinkedIn, stated that it is important to stick to the tried and tested limits on corporate involvement in banking

The lender had earlier estimated around Rs 3,000-4,000 crore from its moratorium book to come under one-time restructuring

On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March

Sources reveal the private bank has an exposure of Rs 90 crore in one of the loan accounts of Pune-based loss-making firm Bilcare Ltd. This loan was converted into a zero coupon non-convertible debenture (NCD) by the bank with no repayments scheduled for the first five years