The implementing rules cover the creation of so-called 'FIST corporations', as well as the processes they will use to acquire, transfer and manage non-performing assets.
February 25, 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, 2021The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.
November 16, 2020The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.
September 16, 2020An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.
July 2, 2020The draft frameworks will make it easier for banks and other lenders to remove loans from their books amid increasing asset quality and liquidity pressures.
June 9, 2020The 'Financial Institutions Strategic Transfer Act' allows the creation of asset management companies to buy up non-performing assets from financial institutions.
May 27, 2020The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.
April 18, 2020Bank of Gansu, a Chinese regional lender listed in Hong Kong, will reportedly receive a capital injection from the Gansu provincial government, supported by the PBOC.
April 13, 2020