Government issues norms to protect bankers when bonafide decisions go wrong
It specifies details and the procedures to be followed for scrutinising such acts of omission and commission on the part of bank officials concerned. To save them from unnecessary hassle, the framework also provides for resolution of such cases against bankers.
Banks face pressure on NIM as they lower rates to outsmart rivalsFive of the seven state-owned banks that have announced their quarterly earnings so far have reported lower NIM for the September quarter. These banks, however, managed to report a rise in net profit largely on account of bad loan recovery and write-back of provision made in earlier quarters.
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