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Bad loans worth Rs 4.6 lakh crore likely to be resolved in 2018: India Ratings

The rating agency expects that further Rs 4.2 lakh crore worth of stressed loans would become sustainable by 2019

 
 
The employees of Reserve Bank of India (RBI) will go on a two-day mass leave on September 4 and 5.
The India Post Payments Bank will deliver door-to-door banking services in rural and far-flung areas, said PM Modi while launching the initiative.
The SBI submitted that by effecting the provisional attachment order, the ED had scuttled the frantic efforts of the banks from realising public money.
HDFC will set up medical camps and rebuild health centres, aid in school renovations and reconstructions.
The Reserve Bank of India has said that Rs 15.31 lakh crore out of the total Rs 15.41 lakh crore of demonetised currency notes have returned to the banking system.
If the bank issues about $17 billion of new stock to back an acquisition, that would effectively dilute the Uday Kotak's holding below the RBI's 20 per cent target.
 
 
SBI's rate hike comes a month after the Reserve Bank of India raised benchmark lending rate called repo rate by 25 basis points to 6.5 per cent.
Kochhar has been on leave since July 19, following an independent probe initiated by ICICI Bank into allegations of conflict of interest levelled against her.
RBI has put the spotlight back on the shortfalls of the Marginal Cost of Funds Based Lending Rate (MCLR) system.
Digital payments in India is now poised for a great leap forward as global tech giants slug it out for a bigger slice of the pie.
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