Special drive by public sector banks likely to recover written-off loans
Get link
Facebook
X
Pinterest
Email
Other Apps
A senior official told ET that the government has asked public sector banks (PSBs) to focus on written-off loans and try to recover at least ₹2 lakh crore in this financial year.
from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/01OVYZX
via IFTTT
The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT
In a regulatory filing on Tuesday, SBI said it has approved setting up the trustee company as a wholly-owned subsidiary of the bank for managing the fund. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tNG6hOQ via IFTTT
Comments
Post a Comment