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BAD LOANS RECOVERY

LENDERS FORUM MEETING A joint meeting of the lenders’ forum is scheduled next week which is expected crucial since it would decide on the resolutions to be passed on bad loans. Rs. 1.5 lac crore bad loans Following are the companies involved in the bad loans amounting to over Rs. 1.5 lac crore. Essar Steel

BAD LOANS RECOVERY

LENDERS FORUM MEETING A joint meeting of the lenders’ forum is scheduled next week which is expected crucial since it would decide on the resolutions to be passed on bad loans. Rs. 1.5 lac crore bad loans Following are the companies involved in the bad loans amounting to over Rs. 1.5 lac crore. Essar Steel

BAD BANK PROPOSAL

BAD LOANS The bad loans portfolio in the Public Sector Banks has crossed Rs. 6 lakh crore.  The Finance ministry is taking steps to review the situation and has been arranging frequest meetings with the PSU Bank teams. Basic Income Proposals Two novel and innovative proposals are being put forth, by the Economic Survey to

BAD BANK PROPOSAL

BAD LOANS The bad loans portfolio in the Public Sector Banks has crossed Rs. 6 lakh crore.  The Finance ministry is taking steps to review the situation and has been arranging frequest meetings with the PSU Bank teams. Basic Income Proposals Two novel and innovative proposals are being put forth, by the Economic Survey to

MOODY’S PREDICTIONS ON PSU CAPITAL

CAPITAL INFUSION It is well known that the PSU banks have been under severe capital crunch.  Moody’s Investor Services have on Thursday divulged that the only possibility of revival of the PSU Banks. Moody’s Investor Service Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis.  Moody’s commitment and expertise reveals

MOODY’S PREDICTIONS ON PSU CAPITAL

CAPITAL INFUSION It is well known that the PSU banks have been under severe capital crunch.  Moody’s Investor Services have on Thursday divulged that the only possibility of revival of the PSU Banks. Moody’s Investor Service Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis.  Moody’s commitment and expertise reveals

Joint Audit For Private Banks

What is Audit? It can be defined as an official inspection of an organization’s accounts, typically by an independent body and “Audits can’t be expected to detect every fraud”. What is Joint Audit? A joint audit is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsibility for the audit. 

Joint Audit For Private Banks

What is Audit? It can be defined as an official inspection of an organization’s accounts, typically by an independent body and “Audits can’t be expected to detect every fraud”. What is Joint Audit? A joint audit is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsibility for the audit. 

PAYTM Payment Bank Launch

It is true… Paytm is launching its payments bank on 23rd May 2017. More than a year has passed, Paytm which was unable to launch its payments bank is launching the banking services from 23rd May 2017.  The CEO Ms. Shjinjini Kumar who was chosen for the post could not join and Ms. Renu Satti

PAYTM Payment Bank Launch

It is true… Paytm is launching its payments bank on 23rd May 2017. More than a year has passed, Paytm which was unable to launch its payments bank is launching the banking services from 23rd May 2017.  The CEO Ms. Shjinjini Kumar who was chosen for the post could not join and Ms. Renu Satti