TOPIC
NPAs
In meeting attended by Manmohan Singh, Congress leader blames his party for NPA mess: reports
RBI Governor Urjit Patel had blamed the UPA regime, describing high performing assets as a 'legacy issue'
BJP launches massive offensive against Congress: Amit Shah and R S Prasad call out Congress’ politics of fear and confusion
They exposed the Congress's age-old tactics of fear-mongering and creating confusions
Big loan defaulters could soon be facing music as RBI plans to use insolvency laws
Reserve Bank of India is planning to use insolvency laws against the big loans defaulters.
RBI identifies 12 accounts responsible for 25% of bad loans
Defaulters have not been named, but banks will be asked to initiate insolvency proceedings to recover the dues.
Private banks continue to hide substantial bad debts: RBI audit
There is a huge mismatch between RBI estimation and respective private bank’s own estimation of stressed assets.
Cabinet approves ordinance that gives teeth to RBI to recover bad loans
The move will empower the central bank to act on behalf of other banks against wilful defaulters.
