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RBI to introduce banking ordinance framework within a fortnight

In a bid to expedite the recovery of bad loans, the Reserve Bank of India (RBI) is likely to introduce the guidelines to operationalise...

RBI’s ‘operation clean-up’ helps PSBs contain bad loans in Q1

The launch of “clean-up” operation by RBI Governor Raghuram Rajan has apparently started showing results, as some public sector banks (PSBs) have successfully arrested...

Banks continue to reel under bad loans; five banks reported loss

Major Indian banks continue to have a nightmarish experience because of escalating bad loans in the quarter ended 31 March. Five of the six banks...

Banking sector NPA set to go up, predicts ICRA

The Indian rating agency ICRA has said that the gross non-performing assets (NPA) level may increase to Rs 4.8-5.3 lakh crore or 6.2-6.8 per...

RBI on track towards handling bad loans, says IMF

The Reserve Bank of India (RBI) has taken right measures to deal with the state-run banks’ huge non-performing assets (NPAs) or distressed loans, says...