Bank of Maharashtra expects only Rs 1,000-1,500 crore loan book to be restructured

The lender had earlier estimated around Rs 3,000-4,000 crore from its moratorium book to come under one-time restructuring. However, over a period of time the moratorium book itself came down drastically from 27 per cent in March to 15-16 per cent (Rs 14,000-15,000 crore) as of end August.

from Banking/Finance-Industry-Economic Times https://ift.tt/35XtmIN

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Operation of some banks temporarily halted due to power issue at data centre on Saturday

Power was later restored and banking services were functioning normally, sources said. According to sources, banking operations are now up and running.

from Banking/Finance-Industry-Economic Times https://ift.tt/3m6kea0

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IOB expects resolution of NPAs worth Rs 18,000 crore in 2nd half of FY21

State-owned Indian Overseas Bank (IOB) expects resolution of about Rs 18,000 crore of non-performing assets (NPAs) under the insolvency and bankruptcy

from Business Line - Money & Banking https://ift.tt/3lOTRp4

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Forex reserves increase by over $100 billion since March lockdown; hit lifetime high at $572 billion

The jump was on account of Foreign Currency Assets (FCA), a major component of the country’s reserves, that increased by $5.526 billion to $530.2 billion from $524.7 billion.

from Banking & Finance – The Financial Express https://ift.tt/35SvJMM

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IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21

The Chennai-based bank is hoping to come out of the prompt corrective action (PCA) framework of the Reserve Bank of India (RBI) next fiscal.

from Banking/Finance-Industry-Economic Times https://ift.tt/339nPwC

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