March 18, 2018
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March 18, 2018
NEW DELHI: Indiscriminate lending in boom years and the Reserve Bank of India’s (RBI’s) pressure on banks to recognise sticky assets on their books have resulted in some lenders having to classify over 40% of their loans to large industry as non-performing assets (NPAs), or bad debt, putting pressure on their profits. The finance ministry…
March 18, 2018
NEW DELHI: Vice President M Venkaiah Naidu on Thursday said Parliament should function to debate serious issue of alleged PNB fraud by Nirav Modi and others that have damaged the image of the country and led people to question the entire banking system. Parliament has been repeatedly disrupted ever since it met after the recess…
March 18, 2018
NEW DELHI: With opposition and government differing over contours of debate on the biggest bank fraud, Vice President M Venkaiah Naidu today said Parliament should function to debate on the larger issue of frauds, damage they cause to the country's image and doubts created over banking system. The Lok Sabha and Rajya Sabha have witnessed…