Bad Bank News
IBA moves RBI seeking licence to set up ₹6,000-cr NARCL; approval likely in next few weeks
NARCL after mobilising an initial capital of ₹100 crore and fulfilling other legal formalities has approached the RBI seeking licence to undertake asset reconstruction business
2 min read22 Aug 2021IBA to soon move application to RBI for setting up ₹6,000-crore bad bank
Indian Banks’ Association (IBA) will soon move an application to RBI to set up a ₹6,000-crore National Asset Reconstruction Company Ltd (NARCL) or bad bank, according to sources
2 min read18 Jul 2021Opinion | India’s bank crisis is really a power crisis
The latest terrible proposal for dealing with the bad loans weighing down India’s PSU banks, is to create a ’bad bank’ an AMC that would take stressed assets off their balance sheets
3 min read2 Aug 2018How banking model narratives affect NPAs
The idea of a bad bank faces such widespread resistance that detailed deliberation on a well-structured bad bank rarely happens
4 min read15 Jul 2018Govt accepts 5-point plan to resolve NPAs, rules out bad bank
Finance minister Piyush Goyal said that the strategy, called Project Sashakt, will help retain the value of the asset through operational turnaround
2 min read2 Jul 2018Making bad ideas bigger doesn’t make them better
Warehousing non-performing corporate loans, currently spread over a score of banks, into fewer, bigger piles will serve no purpose unless there’s some guarantee of extra capital
2 min read24 Aug 2017The perils of a larger public sector
The government’s plan to empower public sector enterprises to take over stressed assets is a dangerous one
4 min read15 Jun 2017RBI governor Urjit Patel’s war on bad loans gets boost from Narendra Modi
Modi government’s amendment to Banking Regulation Act will give RBI governor Urjit Patel the power to finish the war on stressed assets
4 min read8 May 2017Bad bank not needed to solve India loan mess, says Arvind Panagariya
India already has institutions that can deal quickly with bad loans, says Niti Aayog vice-chairman Arvind Panagariya
2 min read2 May 2017Urgent next steps in banking sector reforms
We must accelerate recoveries from non-performing assets, recapitalize public sector banks, and introduce reforms that will increase the efficiency of these banks
7 min read31 Mar 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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