Centrum-BharatPe’s Unity Small Finance Bank, which took over scam-hit PMC Bank, returns approximately Rs 3,800 crore to the depositors: Details
Unity Small Finance Bank paid approximately Rs 3,800 crore to depositors of the scam-hit Punjab and Maharashtra Co-operative Bank (PMC Bank) on Thursday
Banks suffer due to bad loans, then economy suffers as banks lend less – Read how ‘Bad Bank’ will break this vicious cycle
NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total
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