SBI puts up 11 non-performing assets for sale to recover Rs 1,019 Cr
Tuesday, November 6, 2018, 10:04 AM
SBI has put-up 11 NPAs for-sale-to ARCs and financial-companies to recover dues of nearly Rs.1,019 crore. The country's largest lender said e-auction of these NPA-accounts will take place on-22-November. "In terms of the bank's policy on sale of financial-assets in line with the regulatory guidelines, we place these accounts for sale to ARCs/ Banks/ NBFCs/ FIs," SBI said an auction notice on its website.
RBI regulations on auditors put banks in a spot
Friday, July 6, 2018, 7:10 AM
Days after the RBI issued its own regulations around auditors, several banks and NBFCs have approached PwC and other audit firms, seeking clarity on likely implications of a clause that could bar audit firms accused of irregularities from servicing financial institutions. RBI came out with a framework for statutory auditors and what actions could be taken against the audit firms in case of lapse.