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PSU banks may need more than budgeted capital infusion of Rs 10,000 crore: RBI Deputy Governor Mundra
The process of NPA resolution and capitalisation are closely associated, Mundra said, adding that, it appears banks may need additional capitalisation post the exercise.
The RBI this week had identified 12 of the largest loan defaulters and said creditors must pursue bankruptcy proceedings against them.
The proposed Bill will provide for a comprehensive resolution framework to handle any bankruptcy situation in banks, insurers and financial sector entities.
The minister will review the financial performance of all the public sector banks at the meeting.
Moody's believes that capital infusions from the government remain the only viable source of external equity capital.
The government has expanded the Banks Board Bureau (BBB) headed by former CAG Vinod Rai by adding two more members.
Public sector lenders led by State Bank of India and Punjab National Bank are saddled with bulk of India's $150 billion in stressed loans.
A mountain of bad debt in India's banking system has led to a prolonged credit crunch.
A huge range of organisations around the world have been affected by the WannaCry ransomware cyberattack.
Russian health ministry aide Nikita Odintsov said on Twitter that the ministry had quickly thwarted the attempted attacks.
The hunt was on for the culprits behind the assault, which was being described as the biggest cyber ransom attack ever.
The announcement was seen by political analysts as payback for the government's efforts to block opposition calls for a wide-ranging inquiry into misconduct in the banking sector.
The mural, which was confirmed by Banksy's representatives to be a genuine work by the elusive artist, is his first comment on the Brexit vote last year.
UK-based banks and other financial firms face losing passporting" rights to sell services to clients operating in the European Union.
Non-performing assets or NPAs of banks have risen to about 17 per cent of total loans, the highest level among major economies