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BusinessToday.In
New Delhi, June 14, 2018
Technically, a bad bank is an Asset Reconstruction Company (ARC). Once it is formed, banks divide its assets into two categories -- one with non-performing assets and other risky liabilities and the other with healthy assets, which help banks grow financially.


PTI
June 13, 2018



BusinessToday.In
New Delhi, June 13, 2018
Government may create a bad bank to take over the troubled loans of public sector banks. Bad banks have worked in several countries around the world, including South Korea and the US. Watch BusinessToday.In's video to find out more about bad bank and its objectives.


BusinessToday.In
New Delhi, June 13, 2018
TCS has bagged its second billion dollar deal by doubling its contract with M&G Prudential to $1.2 billion; India will most likely miss the December 2018 deadline to acquire and hand over land for the $17 billion bullet train project and RBI governor Urjit Patel has told the Parliamentary panel that all three lines of defence built into the banking system had failed in the case of Nirav Modi-Mehul Choksi fraud at PNB. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Anand Adhikari
New Delhi, June 12, 2018
The bankers are not very happy with IBC as resolutions are resulting in huge hair cuts. The IBC will take time to emerge as a value maximiser for banks as they are already facing too many issues on many fronts.


BusinessToday.In
New Delhi, June 12, 2018
The RBI governor said the banks need to improve their internal control system to tackle issues related to frauds and other challenges like asset quality and rising non-performing assets. He said PNB, in its compliance report to the RBI, furnished wrong information on safety measures.


BusinessToday.in
New Delhi, June 12, 2018
CBI seeks Red Corner Notice against billionaire jeweller Nirav ModiThe CBI has asked the Interpol to issue a Red Corner Notice against absconding billionaire jeweller Nirav Modi in the over USD 2 billion banking scam involving Punjab National Bank. The agency has written to the Interpol to issue the notice which would mean that the member countries of the Lyon-based international police cooperation agency can arrest and extradite Nirav Modi who fled the country in January.Donald T...


PTI
June 11, 2018



PTI
June 11, 2018



BusinessToday.In
New Delhi, June 11, 2018
In terms of 'currency in circulation', the RBI puts the latest figure at over Rs 19.3 lakh crore as on June 1, 2018, a jump of about 30 per cent from the year-ago level.


Rajeev Dubey
New Delhi, June 11, 2018
A bad bank will not solve the rot in the banking system and it's a bad idea in India's context right now. Else, we'll need a bad bank every 10 years.


PTI
June 11, 2018



BusinessToday.in
New Delhi, June 11, 2018
A debate has broken out over the government's decision to invite even those who have not cleared the Civil Services into the nation's top administrative jobs; a bad bank is a bank to which all the stressed assets are transferred by the banking system so that there can be a focused resolution; China and Sri Lanka are again locked in a dispute after China withheld $585 million to be paid to Sri Lanka for the Hambantota port deal. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


PTI
June 11, 2018



Anand Adhikari
New Delhi, June 11, 2018
The bankruptcy proceedings would force Indian banks to book heavy losses. They are now focussed on mini- mising the damage


BusinessToday.In
June 11, 2018
This year in February, Punjab National Bank informed that it had detected fraudulent transaction of over Rs 11,000 crore - which later turned out to be worth Rs 14,000 crore - at its Brady House branch in Mumbai.


PTI
New Delhi, June 10, 2018
Out of 21 state-owned banks, only two -- Indian Bank and Vijaya Bank -- posted profits during 2017-18. Indian Bank posted highest profit of Rs 1,258.99 crore and the Vijaya Bank's profit worked out to be Rs 727.02 crore.


PTI
June 10, 2018



PTI
June 9, 2018



BusinessToday.In
June 9, 2018
Finance Minister Piyush Goyal on Friday said that the committee will make recommendations on setting up of an asset reconstruction or asset management company for faster resolution of stressed accounts, and most of the stressed assets have been identified that could fit into the ARC or AMC structure.


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