Over Rs 30,000 crore guarantee approved for bad bank, says FM Sitharaman
Banks have recovered more than Rs 5 lakh crore in last six financial years, of which Rs 3.1 lakh crore has been recovered since March 2018, she added. The FM also said that Rs 99,000 crore has been recovered from written-off assets such as Bhushan Steel, Essar Steel.
Indian Banks' Association to push for more reforms, take over EASE agendaIndian Banks' Association or IBA has started its operational office in New Delhi. "IBA in times to come has a very important role to play and must work towards increasing it visibility as a central nodal agency taking up large number of issues," said financial services secretary Debasish Panda urging them to scout for good competent resources and tech adoption for capitalisation.
https://ift.tt/3AuRNKt
Post a Comment