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Indian Banks Association
Business  /  Published 27.09.21

FM signals more mega bank mergers

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...
By PTI in Mumbai

Business  /  Published 15.09.21

Four-year pause on AGR dues likely

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...
By Our Special Correspondent in New Delhi

Business  /  Published 02.09.21

NCLT orders freeze of Dhoot assets

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. ...
By PTI in Mumbai

Business  /  Published 28.08.21

Creditor role under IBC in focus

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...
By PTI in New Delhi

Business  /  Published 23.08.21

Permit sought for bad bank

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...
By PTI in New Delhi

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Business  /  Published 19.07.21

Bad bank plan on course

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...
By PTI in New Delhi

Business  /  Published 31.05.21

Credit boost to small borrowers

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...
By Our Bureau in Mumbai, New Delhi

Business  /  Published 24.05.21

Banks seek full penal interest refund

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...
By Our Bureau in Mumbai

Business  /  Published 10.05.21

Bad bank by June

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...
By PTI in New Delhi

Business  /  Published 28.11.20

Banks want to tag bad loans

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...
By Our Legal Correspondent in New Delhi


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