All posts tagged "NPAs"
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409Capital RegulationIndian Banks Directed to Extend Emergency Credit to SMEs
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
March 27, 2020 -
159Capital RegulationIndia’s Cabinet Green Lights Yes Bank Rescue Plan
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank's equity. The bank's moratorium will be lifted on Wednesday.
March 16, 2020 -
321India
RBI 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 -
426Capital 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 -
349IndiaSEBI 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 -
369Capital 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 -
319EnforcementIndia: 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 -
504Capital 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 -
497AML / 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 -
531Capital 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
