To avoid bankruptcy proceedings, bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

With the six-month deadline set by Reserve Bank to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against these defaulters who are mostly power producers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wm5igv

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Banking with UPI 2.0

This feature allows the user to preauthorise a payment and initiate a debit later

from Business Line - Money & Banking https://ift.tt/2MxgSz7

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To avoid bankruptcy proceedings, bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

With the six-month deadline set by Reserve Bank to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against these defaulters who are mostly power producers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wm5igv

Read more »

To avoid bankruptcy proceedings, bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

With the six-month deadline set by Reserve Bank to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against these defaulters who are mostly power producers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wm5igv

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NBFCs to see up to 35-40% rise in hiring in next 1 yr, say experts

The ability of NBFCs to tap 'unbanked' customer base at a time when the banks are facing headwinds in coming out of the NPA mess is driving the growth in the sector, they explained.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2oau5PN

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