Non-performing Asset

Economic Survey 2021-22- Highlights

The Economic Survey 2021-22 was tabled in Parliament on January 31, 2022 by Finance minister Nirmala Sitharaman. Who prepared the Economic Survey? Economic Survey 2021-22 was prepared by a team led by principal economic adviser Sanjeev Sanyal. The survey is ..

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RBI: Banks to place consumer education info on websites

The Reserve Bank of India (RBI) issued a set of clarifications on November 12, 2021 regarding its existing asset classification guidelines. Under the guidelines, banks have been asked to specify the exact due dates of repayment in loan agreements. Highlights ..

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RBI panel calls for overhauling ARC regulations

A Reserve Bank of India (RBI) panel has suggested for overhauling rules to govern Asset Reconstruction Companies (ARC). Key Points Overhauling ARC regulations will enhance the availability of bad loans for transactions. It will also bring in a wide set ..

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IOB out of RBI PCA Framework

Reserve Bank of India (RBI) has moved out the public sector lender Indian Overseas Bank (IOB) from Prompt Corrective Action (PCA) framework after its financial and credit profile improved. Key Points This decision provides lender more freedom to lend, especially to corporations and ..

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Cabinet approves decks for NARCL

Union Government has approved the decks for National Asset reconstruction Company Limited (NARCL) on September 16, 2021. Highlights This proposal requires the government to guarantee Security Receipts (SR) issued by NARCL, while buying non-performing assets (NPAs) from banks. This move ..

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PM SVANidhi Scheme: 1.6% loans from private sector

The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021. Of this, eighteen lakh loans were provided by the Public Sector Banks. ..

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