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Business News: PSU Bad bank, ARC reforms are awaited as NPA threat looms

PSU Bad bank, ARC reforms are awaited as NPA threat looms : Rashtra News #PSU #Bad #bank #ARC #reforms #awaited #NPA #threat #looms Even as the wait goes on for the National Asset Reconstruction Company (NARC), or 'bad bank', which was announced in the previous Union Budget and proposed reforms for the private asset reconstruction ....

Kundan Shahi , Hari Hara Mishra , National Asset Reconstruction Company , Union Budget , Sarfaesi Act , Bad Bank , Budget 2022 ,

Why banks need to be judicious in their actions when dealing with wilful defaulters

Many laws governing the banking industry have also evolved to accommodate rapid changes that are driving innovation at breakneck speed. However, some attitudes among bankers and regulators have lagged behind, and don t reflect the digital age. One such laggard is the wilful defaulter label. This classification is unique to India among all big economies, and it defies logic in the era of data analytics and AI. A wilful defaulter is a borrower with enough money but isn t repaying banks. The dubious category also includes those that siphoned funds and left businesses high and dry. ....

Milind Patel , Union Bank , Bombay High Court , Sarfaesi Act , Central Repository , Large Credits , Bombay High , Indian Penal Code , Wilful Defaulter , Funds Recovery , Banking Sector , Financial Institutions , Indian Banking , Insolvency Law ,