After Dena Bank, RBI may put restrictions on 2 more lenders under PCA

In view of mounting non-performing assets (NPAs), the RBI yesterday directed Dena Bank not to issue any fresh loans and hire new personnel.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2Ic5Tcp

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Dealing with Bank NPA: Finance ministry mulls innovative ways

The finance ministry is examining a proposal to find innovative ways for dealing with burden of NPA provisions by issuing provision shore-up certificates (PSC) to banks.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KYFMTV

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Oriental Bank of Commerce net loss widens in Q4

Oriental Bank of Commerce (OBC), a public sector lender, has reported a net loss of Rs 1,650 crore for the quarter ended March 2018. The bank had rec

from Business Line - Money & Banking https://ift.tt/2wClQD9

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Finance Ministry mulling innovative ways to deal with banks' NPA provision

With the help of this instrument, the operating profit of bank is saved from erosion and the lender would be able to focus on lending activities as being in financially good shape.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2Gcg4Yw

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PNB scam: RBI declines to share copies of inspection reports

The scam, considered to be the biggest ever fraud in India's history, came to light earlier this year. PNB was allegedly defrauded by diamantaire Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2KVTVBz

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