India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.
July 6, 2023Banks must classify "all financial assets that bear credit risk" according to the degree of risk, including bond investments, interbank assets, receivables, and off-balance-sheet assets.
February 13, 2023Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
October 19, 2022A CBIRC circular outlines the measures it will take to align with CCP objectives, following inspections on the regulator carried out last year.
September 18, 2022China's large state-owned asset management companies are asked to play a greater role in reducing the risks from non-performing assets at small and medium-sized banks.
June 13, 2022JV AMCs can provide banks more flexibility to manage bad debts, while also providing relief to borrowers who are unable to service their debt or face a collateral liquidation threat.
February 3, 2022CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.
June 15, 2021The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.
June 3, 2021The budget includes the establishment of a ‘bad bank’ to take over banks' bad assets and a plan to inject INR 200 billion into state lenders.
February 2, 2021Stress tests indicate 4 banks may fail to meet minimum capital requirements by September 2021 under the baseline scenario.
January 15, 2021