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IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster
Business

IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster

IDBI Bank is planning to sell bad loans to banks, financial institutions or asset restructuring companies in order to steps up efforts to recover dues from loan offenders

Public sector banks recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18, says union minister Shiv Pratap Shukla
Business

Public sector banks recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18, says union minister Shiv Pratap Shukla

As per RBI data on global operations for PSBs, during the financial years 2014-15 to 2017-18, PSBs recovered Rs 2,33,339 crore, of which Rs 32,693 crore was from written-off accounts, Minister of State for Finance Shiv Pratap Shukla said in a written reply in Lok Sabha.

ICICI Bank names Sandeep Bakhshi as COO: A military aspirant turned banker is being prepped to battle crises
Business

ICICI Bank names Sandeep Bakhshi as COO: A military aspirant turned banker is being prepped to battle crises

Bakhshi's to-do list will include managing investors, shareholders and regulators, who have questioned ICICI Bank's corporate governance standards