Banking Regulation Act

Why isn't govt asking RBI to reveal information about wilful loan defaulters and banks' inspections: Congress

The party's remarks came after the Supreme Court on Friday gave the banking regulator "a last opportunity" to reveal these details under the RTI Act

Reserve Bank of India cancels licence of Rajasthan-based Bhilwara Mahila Urban Co-op Bank

Bhilwara Mahila Urban Co-operative Bank' s licence has been cut from 31 August 2018

Videocon loan row: Banking Regulation Act may absolve Chanda Kochhar; but shouldn't ICICI Bank stop clinging to technicalities?

Clinging to loopholes in the law is the hallmark of those who evade laws. People had high expectations of ICICI Bank boss Chanda Kochhar.

Need to correct legal asymmetry in central bank's policing powers, says RBI governor Urjit Patel

RBI Governor Urjit Patel, who had recently gone public with the legal limitations faced by the central bank in regulating state-owned lenders in the light of over Rs 13,000-crore scam at PNB, reiterated that there is an "asymmetry" in its powers between government and private banks

RBI likely to announce guidelines to NPA ordinance within a fortnight

Banks have been reluctant to resolve NPAs through settlement schemes or sell bad loans with hair cut to asset reconstruction companies for fear of 3Cs -- CBI, CAG and CVC.

Bank NPA resolution is shrouded in fears of various kinds; it's time for RBI to act

Now that the bullet has been bitten, the RBI needs to speed up the process of setting up the committees and identifying the first list of assets

'Earnings for banks lending to corporate to be volatile' says investment banking firm

Jefferies does not agree with the view that RBI will form committees to offer haircuts to banks on their loans as a part of resolution of stressed assets/loans.

Why the new banking ordinance may not be able to solve the NPA rot

The policy is also in sharp contradiction of the Rajan doctrine - identify bad accounts, take a hit, record losses, move ahead with a clean slate

NPA ordinance gets president's approval; RBI gets more powers to tackle bank bad loans

The amended law will also empower the RBI to set up oversight panels that will shield bankers from later action by probe agencies looking into loan recasts

New NPA package for banks makes RBI more powerful; it's a move in the right direction

For the bankers, RBI becoming party to NPA decision is good. They can cast aside the fear of being hunted by vigilance department for taking a high hair cut. That will be RBI's headache.