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NPA resolution News

19 Aug 2017

Insolvency law aims at saving promoters not banishing them: Finance Minister

Addressing a CCI-summit on insolvency and bankruptcy here on Saturday, he said the law now sides more with the lenders, as the slew of changes in the existing laws is aimed at speeding up the NPA resolution.

19 Aug 2017

NPA resolution not to liquidate companies, but to help save them: Finance Minister

Explaining the rationale for the new insolvency and bankruptcy code (IBC), he said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.

19 Aug 2017

NPA resolution: RBI chief calls for recapitalisation of banks

Reserve Bank Governor Urjit Patel on Saturday called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 percent of the system is not acceptable.

23 May 2017

RBI to reconstitute oversight committee to deal with bad loans

After central government armed it with additional powers to resolve bad loans with banks that have crossed Rs 8 lakh crore, the RBI on Monday decided to reconstitute the oversight committee with more members.

11 May 2017

NPA norms welcome, will force decisions: Axis' Shikha Sharma

Axis Bank MD and CEO Shikha Sharma today welcomed changes in NPA resolution as moves that will "force" decisions by cutting layers, and also said the bank is looking for one more life insurance distribution tie-up.

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