Indian banks association

Many districts lack banking presence despite high level of economic activities: FM Nirmala Sitharaman

Addressing banking industry lobby grouping Indian Banks' Association (IBA), Sitharaman asked lenders to augment efforts of deepening presence.

published on : 26th September 2021

Finance Ministry asks Indian Banks' Association to play "pivotal" role in resurgence of economy

IBA is involved in finding new solutions for the customers especially during the pandemic and has come up with guidelines for the cohesive functioning of the entire banking system, the CEO said.

published on : 15th September 2021

IBA moves RBI seeking licence to set up Rs 6,000-crore  National Asset Reconstruction Company 

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from SBI, as the managing director.

published on : 22nd August 2021

New bad bank expected to be launched in July

Lenders have so far reviewed 101 non-performing assets (NPAs) in the first phase and now plan to transfer 22 accounts amounting to roughly Rs 89,000 crore to the bad bank.

published on : 29th June 2021