All posts tagged "NPAs"
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283AML / 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 -
385Capital 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 -
361Capital RegulationSEBI 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 -
732Capital 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 -
493Capital RegulationUPDATED – RBI Issues New Framework for Stressed Asset Resolution
The new norms replace the February 2018 rules on the resolution of stressed assets that were struck down by the Supreme Court earlier this year.
June 10, 2019 -
439Capital Regulation
RBI Must Disclose Bank Inspection Reports – Supreme Court
The RBI has been ordered by the India's highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.
May 3, 2019 -
400Capital RegulationRBI to Draw Up New Guidance on Bad Debt Resolution
The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.
April 5, 2019 -
566Capital Regulation
RBI Asks Banks to Boost Monitoring of End Use of Loan Funds
Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.
March 20, 2019 -
511Capital Regulation
RBI Removes Three More Banks from PCA Framework
Allahabad Bank and Corporation Bank have been released from PCA restrictions following the government's capital infusion last week; Dhanlaxmi Bank was found not in breach of any PCA risk thresholds.
February 26, 2019 -
404Capital Regulation
RBI Removes Three State Run Banks from PCA Framework
India’s central bank has removed the Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from lending restrictions under its prompt corrective action framework.
February 1, 2019
