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News in Short

Banking

Insolvency And Bankruptcy Code

The Union Cabinet has approved promulgation of an ordinance to amend the Insolvency and Bankruptcy Code (IBC). The ordinance proposes to classify home buyers as "financial creditors" at par with lenders to help them swiftly get refunds from the defaulting real estate companies.

24-05-2018
Banking

RBI

Allahabad Bank is now restricted from issuing fresh loans. This comes a day after RBI barred Dena from issuing loans. Both these banks have fallen short of minimum capital adequacy ratio (CAR) – 9%. The RBI, under the prompt corrective action (PCA) framework barred these banks from issuing loans.

15-05-2018
Banking

RBI

RBI relieves banks of bond provisioning norms. This is to curtail bank losses due to increase in bond interest rates.

03-04-2018
Banking

RBI

RBI made Aadhar linking mandatory by banks.

21-04-2018
Banking

Axis Bank

Due to higher provisioning for Non-Performing Assets (NPAs), Axis Bank has registered its first ever quarterly loss.

27-04-2018
Banking

NPA Issue

Identifying loans that might potentially turn into an NPA, the public-sector banks have started auditing loans over Rs. 50 crore. After auditing, the details of potential NPA will be shared with the government and investigating agencies.

30-04-2018
Banking

SBI

SBI for the first time in its history is conducting its annual board meet in Mumbai rather than in Kolkata.

01-05-2018

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