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Govt is said to push RBI to lift lending curbs on some banks

Tuesday, November 27, 2018, 8:46 PM

The Indian government will push its central bank to ease lending restrictions for some weak banks and review rules governing its functioning at a board meeting next month, people with knowledge of the matter said. The RBI will also have to come with a plan to prevent banks accumulating bad loans rather than just penalizing weak lenders with restrictions on lending, the people said.
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Indian Bank Q2 profit slips 67% at 150 crore

Friday, November 9, 2018, 7:46 PM

State-owned Indian Bank Friday reported a 66.7% dip in its net profit at 150.1 crore for the second quarter ended September on account of increase in bad loans. The banks net profit in the corresponding July-September quarter of 2017-18 was at 451.5 crore. However, total income of the bank increased to 5,129.16 crore for the September quarter this year.
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This Financial Year, Centre Expects Recovery Of 1.8L Crore Bad Loans

Wednesday, September 26, 2018, 3:59 PM

The government expects recovery of around Rs.1.8 lakh crore worth of bad-loans during the current-fiscal through measures like the insolvency and bankruptcy-code and debt-recovery-tribunals. After an annual review meeting of public-sector-banks in Delhi, Finance Minister Jaitley said with several major NPA-cases at the penultimate stage of resolution process, there was optimism among banks as well as Financial Services Department about the recovery of bad-loans.

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