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India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution, says the credit rating agency

Indian banks’ operating environment stronger, but structural issues continue to affect: Fitch Ratings

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The operating environment for Indian banks has improved, says Fitch Ratings According to a recent report by Fitch Ratings, the operating environment for Indian banks...
Indian banks have benefited from a pickup in credit growth and improving asset quality as the country's economy continues to consolidate a recovery

Indian banks gave highest returns in Asia-Pacific region for second consecutive quarter: S&P Global

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S&P Global reports: Indian banks outperform Asian peers in Q4 2022 stock returns Indian banks posted some of the best total stock returns among their...
Presenting the figures of the last five years in Parliament, Sitharaman has told that the loans stuck in the banks for the last five years have been transferred to the write-off account as per the RBI guidelines

Indian Banks wrote off loans amounting to Rs.10.09 lakh crores in the past five...

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SBI wrote off the highest amount of bad loans in 2021-22 India’s banks have written off loans amounting to over Rs.10.09 lakh crore in the...
Assets recovery - who else benefited from sanctioning these loans to the Mallyas and Choksis and why are their assets not seized?

Indian Banks recover Rs.13,100 cr from assets sale of fugitive defaulters like Vijay Mallya,...

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Recovering assets from fugitive defaulters - drop in the bucket? Finance Minister Nirmala Sitharaman on Monday said that India’s public sector banks have recovered...
The harsh truth of the NPA carried by India’s Banks thanks to UPA comes out

Indian Banks gross NPA may rise to 14.8 percent warns RBI. Majority of NPA...

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Alarming news for India’s Banking performance and its financials The Reserve Bank of India (RBI) on Monday came out with an alarming report that the...
Indian Banks

Like every Finance Minister, Jaitley repeats that Indian Banks have to shape up

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Union Finance Minister Arun Jaitley on Saturday said getting Indian banks back in shape was a top priority of the government. Union Finance Minister Arun...
Following overt nudges by RBI, Indian Banks lower rates

Indian Banks lower interest rates

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Navin Upadhyay Indian corporates and investors, both domestic and international, heaved a sigh of relief when several top notch private and public sector banks announced...
CBI registered case against GTL Infrastructure Ltd, others in connection with fraud of Rs 4,063 cr involving a consortium of 19 banks and financial institutions

CBI books GTL Infrastructure Ltd for massive bank fraud worth Rs.4,063 cr involving 19...

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CBI registers case against bank officers, GTL Infra in loan fraud case The Central Bureau of Investigation (CBI) has registered a case against Mumbai-based GTL...
The web portal will help users identify and approach their banks for either claiming unclaimed deposits or making their deposit accounts operative at their banks, the RBI said

RBI launches website to help people locate unclaimed deposits across multiple banks

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RBI unveils UDGAM portal to track unclaimed deposits On Thursday, Shaktikanta Das, Reserve Bank of India (RBI) Governor, launched a centralized web portal UDGAM (Unclaimed...
The IMF’s revised projection for FY24 remains more subdued than the forecasts of other agencies

IMF projects Indian economy to grow at 6.1 percent in 2023

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IMF revises India's growth forecast to 6.1% for FY24 after strong Q4 showing The International Monetary Fund (IMF) on Tuesday projected a growth rate of...
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