All posts tagged "NPAs"
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254IndiaRBI Imposes Restrictions on Another Cooperative Bank
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
January 14, 2020 -
313Capital Regulation
RBI Introduces Supervisory Action Framework for Troubled UCBs
Under the framework, the RBI will monitor UCBs' asset quality, profitability and capital, and initiate supervisory action when specific thresholds are breached.
January 10, 2020 -
331IndiaSEBI Requires Listed Companies to Disclose Defaults Within 24 Hours
Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.
November 22, 2019 -
353Capital Regulation
SEBI Mandates Immediate Disclosure of NPA Divergences
SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.
November 5, 2019 -
312EnforcementIndia: PMC Bank Managing Director Confesses to Wrongdoing
PMC Bank's now-suspended managing director has reportedly confessed that the bank's loan exposures went unreported for over six years.
October 2, 2019 -
482Capital Regulation
RBI Caps Withdrawals at Failing PMC Bank, Prompting Panic
The RBI has ordered the troubled cooperative bank to cap withdrawals at 1,000 rupees per account, prompting panic, protests and promises of legal action from customers.
September 26, 2019 -
479AML / KYCRBI Orders Banks to Review Controls on Internal Accounts
Transitory accounts at bank branches are being used to provide unauthorised overdrafts to avoid default classification on loans, and to mask unexplained cash deposits.
September 16, 2019 -
511Capital RegulationCBIRC Identifies Numerous Violations at Small and Mid-sized Banks
“In response ... all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.
September 3, 2019 -
430Capital Regulation
SEBI Tightens NPA Disclosure Requirements for Listed Banks
Listed banks will have to make disclosures if the additional provisioning for NPAs assessed by RBI exceeds 10% of reported profit, compared to 15% previously.
July 22, 2019 -
826Capital RegulationChina Issues New Rules for Distressed Asset Fund Managers
Under the new rules, local AMCs must price bad assets fairly and are prohibited from setting buyback terms in acquisition contracts to help financial institutions cover up bad assets.
July 17, 2019
