India needs four to five “SBI size” banks to meet the growing needs of the economy and industry, finance minister Nirmala Sitharaman said on Sunday.  Addressing the 74th annual genera...

The government is considering the possibility of a four-year moratorium on adjusted gross revenue (AGR) dues of telecom players and scrapping the spectrum usage charge (SUC) for radio waves acquired i...

The National Company Law Tribunal (NCLT) has ordered a freeze on the assets of the Dhoot family — owners of the Videocon group — on a petition filed by the ministry of corporate affairs. ...

The corporate affairs ministry is working with the finance ministry, the Reserve Bank of India and the Indian Banks’ Association (IBA) on the issue of the conduct of the committee of creditors u...

The Indian Banks’ Association (IBA) has moved an application to the Reserve Bank of India seeking a licence to set up Rs 6,000-crore National Asset Reconstruction Company Ltd (NARCL), or bad ban...

After getting a secured licence from the Registrar of Companies, the Indian Banks’ Association (IBA) will soon move an application to the Reserve Bank of India (RBI) to set up a Rs 6,000-crore N...

The government has decided to tweak its emergency credit guarantee scheme to provide longer-term relief to a wider section of small business borrowers. The extent of government support, however, rema...

The Indian Banks’ Association (IBA) on behalf of lenders has approached the finance ministry to refund the burden fallen on their shoulders due to a recent Supreme Court judgment on the waiver o...

National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in Union Budget 2021-22, is expected to be operational in June.  Bad bank refers to a financial inst...

The Indian Banks’ Association on Friday urged the Supreme Court to vacate its stay on declaring the assets of loan defaulting companies as NPAs even as the Confederation of Real Estate Developer...