At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

The debt securities would be in the nature of secured/unsecured, subordinated debentures, and the capital will be raised through a private placement

The state-owned bank has raised Rs 3,788.04 crore from QIP in December after which the government's stake in it dropped from 85.59 per cent to 76.87 per cent

18,000 odd branches which are outside the centralised clearing system called cheque truncation system will come under it by September, says Reserve Bank of India

The stock of private lender opened higher at Rs 16.80 against its previous close of Rs 16.25. The stock gained 7.5% to the day's high at Rs 17.45 and also hit an intraday low of Rs 16.75. It has gained after 2 days of consecutive fall

There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present

In October last year, the RBI had announced on tap targeted long term repo operations (TLTRO) scheme for banks

Equity markets have hurtled past their January 2020 peak but offer limited upside from hereon

Bank credit growth shows signs of uptick, backed by retail and agri loans, but is expected to remain muted in FY21 due to asset quality pressures

Budget 2021 has re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare as well as bold disinvestment to trigger economic growth and consumption cycle in the economy. That's just what the doctor ordered

In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22

Move to set up an ARC/AMC as a proxy for bad bank and a Development Financial Institution is aimed at taking the load of risky assets from banks. It is easier said than done

RBI Governor Shaktikanta Das-led MPC hold repo rate at 4 per cent; maintains accommodative stance. Going forward, we see the Indian economy moving in only one direction i.e. upward, says Das

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

Reversing from three sessions of consecutive fall, the stock of private lender opened higher at Rs 16.25 against its previous close of Rs 16.30. The stock gained 1.5% to the day's high at Rs 16.55 and also hit an intraday low of Rs 16.05

\"In January, we have done well both in the two-wheeler and SME segments. Looks like the fourth quarter is going to be on par or on the same trajectory of Q3. Disbursements will be over Rs 6,000 crore,\" said CEO Y S Chakravarti

The new framework will be applicable to all deposit taking NBFCs, all non-deposit taking NBFCs with asset size of Rs 5,000 crore and above, and all UCBs with asset size of Rs 500 crore and above.

This ARC-AMC entity will be set up by the banks; there will be no government equity, said the Banking Secretary. This means there will be ARCs and AMCs at bank level to deal with bad debt

Government's streategy of recognition, resolution, recapitalisation and reforms have resulted in decline of NPAs by Rs 2,27,388 crore to Rs 8,08,799 crore as on September 30, 2020, Minister of State for Finance Anurag Thakur said

India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700