The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.
November 8, 2022Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
October 19, 2022The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.
September 22, 2022The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.
June 22, 2022The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
February 23, 2022Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.
February 4, 2022Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
January 27, 2022The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
December 17, 2021The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.
November 18, 2021The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.
October 4, 2021