- Tag results for NPAs
Noting that system has been singularly ineffective in bringing even a single high profile fraudster to book, Rajan said, frauds are different from normal non-performing assets.
Read the complete transcript of Raghuram Rajan's note to Parliamentary Estimates Committee on banking NPAs.
The senior Congress leader also questioned why the present dispensation did not recall those loans, given by the previous government, which turned bad.
Modi targeted the Congress’ ‘phone banking’ culture whereby the party high command would dial PSU bank chiefs to facilitate loans to corporates of their choice.
More than traditional products BSE is now focusing on the growth of next-gen products that cater to Emerging India," says BSE chief Ashishkumar Chauhan.
The lender said the performance of the banking sector, public sector banks in particular, continued to be subdued in the current financial year.
Stock of SBI was trading 5.2 per cent up at Rs 257.85 on BSE in afternoon trade.
Last month, the Parliamentary Standing Committee on Finance met finance ministry officials to respond to queries on recent bank frauds and mounting NPAs.
Through this partnership, Manpasand Beverage will have access to 45 lakh outlets pan-India for its flagship brand Mango Sip.
The CBI has booked top officials of two public sector banks, a former CMD of IDBI Bank, former Aircel promoter C Sivasankaran, his son and companies controlled by him.
The mission was launched in May 2017 and had consistently delivered positive results with an average recovery of Rs 150 crore from the initiative.
The finance minister directed the bankers to implement the decision to help the small-scale industry.
Kotak Mahindra Bank has replaced the largest state owned bank State Bank of India in the list of the country’s 10 most valued companies in the aftermath of a series of banking frauds and NPAs.
Analysts say the new norm will add over Rs 2 lakh crore worth bad loans to the existing pile of Rs 10 lakh crore.
RBI scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.