Bad loans Current Affairs - 2019

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RBI permits ARC to buy financial assets from Peers

The Reserve Bank of India (RBI) has permitted Asset Reconstruction Companies (ARCs) to acquire financial assets from peers i.e. other such entities. However, RBI, the apex banking regulator cleared that all such transactions have to be settled in cash. Key Highlights The ARCs have been allowed to acquire financial assets from other ARCs, in the Read More…

Month:  Categories: Business, Economy & Banking

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RBI tweaks NPA Disclosure Norms

The Reserve Bank of India (RBI) has brought changes to the bad loan divergence rule. The Bad loan divergence practice mandated by RBI aims at improving transparency in asset classification. The Changes brought in by the RBI are: NPA Disclosure Norms Banks are required to disclose divergence when the additional provisioning for NPAs assessed by Read More…

Month:  Categories: Business, Economy & Banking

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RBI initiates steps to set up digital Public Credit Registry (PCR) to capture details of all borrowers

Reserve Bank of India (RBI) has initiated steps to set up wide-based digital Public Credit Registry (PCR) to capture loan information of individuals and corporate borrowers. In this regard, RBI has invited expression of interest (EOI) for developing PSC from companies with turnover of over Rs 100 crore in last three years. Setting up of Read More…

Month:  Categories: Business, Economy & Banking

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Public Credit Registry: New Information Repository to be set up by RBI

The Reserve Bank of India (RBI) has announced that it will set up a Public Credit Registry (PCR) as a repository of information regarding loan information of individuals and corporate borrowers. This decision has been taken as per recommendations of Y.M. Deosthalee committee set up by the central bank. Y.M. Deosthalee Committee Recommendations The Y.M. Read More…

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RBI constitutes YH Malegam committee to monitor bad loans, rising cases of frauds, audits

Reserve Bank of India (RBI) has constituted an expert committee to look into the entire gamut of issues relating to classification of bad loans, effectiveness of audits and rising incidents of frauds. The committee will be headed by Y H Malegam, a former member of Central Board of Directors of RBI. Terms of References The Read More…

Month:  Categories: Business, Economy & Banking

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