Topic: Bad Loans
RBI permits transfer of fraud loans to ARCs.
The Reserve Bank of India (RBI) allowed, on September 23, 2021, lenders to sell loans that are tagged as fraud to the asset reconstruction companies (ARCs). Key facts...
Why did RBI impose moratorium on Lakshmi Vilas Bank?
The Reserve Bank of India recently imposed a moratorium on Lakshmi Vilas Bank of India for a period of thirty days. The apex bank has also drafted a...Cabinet approves amendment to bring Cooperative Banks under RBI Regulation
On February 5, 2020, the Union Cabinet approved to bring regulation of cooperative banks under Reserve Bank of India. In order to achieve this, the Cabinet approved amendments...
National Financial Reporting Authority submits first report since constitution
The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the...
RBI raises concerns over bad loans from Mudra Yojana
The Reserve Bank of India on November 27, 2019 raised concerns over increasing bad loans from the Pradhan Mantri Mudra Yojana. RBI believes that there is an urgent...
Key Facts: Why RBI has abruptly placed restrictions on PMC Bank?
The Reserve Bank of India has imposed caps on withdrawals made by customers of Punjab and Maharashtra Cooperative Banks for 6 months. The imposition was invoked by the...
Insolvency and Bankruptcy Code (IBC)
The passage of the Insolvency and Bankruptcy Code (IBC), 2016 is one of the biggest insolvency reforms in the economic history of India. It was introduced by the...
RBI permits ARC to buy financial assets from Peers
The Reserve Bank of India (RBI) has permitted Asset Reconstruction Companies (ARCs) to acquire financial assets from peers i.e. other such entities. However, RBI, the apex banking regulator...
Increase in Quantum of MUDRA Bad Loans
An RTI reply has shown a spike in the quantum of bad loans disbursed under the ambitious Pradhan Mantri Mudra Yojana (PMMY). Extracts from the RTI Reply Gross...
RBI Proposes New Norms for Debt Resolution
The Reserve Bank of India (RBI) has proposed new norms under Prudential framework for resolution of stressed assets for debt resolution after the earlier one was struck down...IBC and Reduction in Gross NPAs of Banks
The biggest problem of the Indian Banking System is Non-performing Asset (NPA). The report of the Crisil has stated that the gross NPA is estimated to have declined...
