Friday, April 23, 2021

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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.

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