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Finance Ministry | Show sensitivity to exporters in view of Red Sea crisis: Finance Ministry to public sector banks

A high-level inter-ministerial committee headed by the Commerce Secretary is also meeting to take stock of the situation: Finance Ministry ....

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Public sector banks (PSBs) | Finance minister Nirmala Sitharaman urges public sector banks to lend cautiously

Sitharaman asked the 'banks to take strict administrative action against the conniving officials of the banks who enable fraud and wilful defaults' ....

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Non-performing assets (NPAs) | Asset quality of Indian banks improve as surge in bad loan write-offs pulls down non-performing assets

In its report on the trend and progress of banking in 2022-23, the RBI said banks wrote off bad loans worth Rs 2.17 lakh crore in 2022-23 compared with Rs 1.79 lakh crore in the previous fiscal ....

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Finance Ministry | Banks told to monitor top 20 Insolvency and Bankruptcy Code cases

During a meeting with managing directors and CEOs of public sector banks (PSBs), financial services secretary Vivek Joshi asked them to review the top 20 cases monthly for their resolution ....

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Nirmala Sitharaman | Public sector banks get Rs 15,183 crore following Enforcement Directorate action under PMLA: Nirmala Sitharaman

The burden fell on us to sort the Indian banks out with reforms. Prime Minister Narendra Modi sat with all of us, including my predecessor Arun Jaitley (former finance minister). We spent a lot of time understanding where the problem was and worked together with the RBI, says Sitharaman ....

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