Former RBI governor Urjit Patel blames UPA govt for banking mess, says RBI too fell short on several counts
The former RBI governor Urjit Patel in his yet-to-be-released book writes that several government banks did not have senior management in place, and governance suffered.
Nirmala Sitharaman schools Rahul Gandhi after he spreads misinformation again by terming ‘bad loan write off’ by banks as ‘loan waiver’
Nirmala Sitharaman asks Rahul Gandhi to consult Manmohan Singh to know the difference between loan write off and waiver
Gross NPA declines for the first time in seven years, thanks to Insolvency and Bankruptcy Code, says RBI report
The RBI report stated that there was a decline in both gross NPA and in the net NPA ratios.
PMC Bank fraud: Mumbai police file FIR against HDIL and bank officials, SIT formed to probe the case
The Economic Offences Wing of the Mumbai Police has filed FIR in the PMC bank fraud case
Example of what the Narendra Modi led NDA government inherited. Example of what the Modi government cleaned up.
Finance minister Arun Jaitley called it a success of IBC, as they aimed at recovering 1.8 lakh crore this fiscal year.
Punjab National Bank (PNB) recovered a record Rs 11,378 crore from defaulters in the first five months of this fiscal.
The former RBI governor has made these revelations in his letter to the Lok Sabha panel
Congress launched Aadhaar without a legal framework and its policies led to large NPA
As per a Bloomberg report, the government is formulating an ambitious plan
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