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India ARC: RBI issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial assets and improving the health of the financial system. The directive outlines requirements for ARCs, including minimum net owned fund, registration, investment limitations, capital adequacy, leadership tenure, and reporting of irregularities

India , Nirmala-sitharaman , Asset-reconstruction-companies , Asset-reconstruction-company , Union-budget , Indian-banks-association , Reserve-bank , Master-direction , Asset-reconstruction , Non-performing-assets , Whole-time-director , Finance-minister-nirmala-sitharaman

RBI Issues Master Direction for Asset Reconstruction Companies

RBI Issues Master Direction for Asset Reconstruction Companies
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.

India , Mumbai , Maharashtra , Nirmala-sitharaman , Indian-banks-association , Union-budget , Asset-reconstruction-company , Asset-reconstruction-companies , Reserve-bank , Master-direction , Asset-reconstruction , Non-performing-assests

Business News: For retired bankers, health insurance premiums set to rise

For retired bankers, health insurance premiums set to rise : Rashtra News An increase in the claims ratio will push up the group mediclaim premium of retired staff members of public sector banks by as much as 40%. The Indian Banks Association has told its members that it has received the revised quotes, a TOI

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GIFT City bankers may follow global schedule, enjoy five-day work week

The working group said in its recommendations that a five-day work week will align with practices adopted in international financial centres and offshore units of Indian banks. "The government wants to position GIFT City as a major financial hub. All these steps are very important benchmarks for an aspiring international financial centre like GIFT IFSC," said another official.

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SAROJA PHARMA INDUSTRIES INDIA : Public Issuer Filing) -April 05, 2024 at 05:57 am EDT

Prospectus

Dated: August 25th, 2023

Fixed Price Issue

Please read section 26 and 32 of...

Mumbai , Maharashtra , India , Jata , Jammu-and-kashmir , Baroda , Gujarat , Nanakramguda , Andhra-pradesh , Goregaon , Telangana , Hyderabad

Lenders seek anonymity for officers tagging wilful defaulter accounts

Lenders seek RBI guidance on protecting officers' identities identifying defaulters. Recent court order mandates disclosing committee members. Indian Banks Association seeks advice too. Risks highlighted for officers personally named.

Mumbai , Maharashtra , India , Sanjay-agarwal , Milind-patel , Indian-banks-association , High-court , Union-bank , Identification-committee , Reserve-bank , Master-circular , Review-committee

Lenders seek anonymity for officers tagging wilful defaulter accounts

Lenders seek RBI guidance on protecting officers' identities identifying defaulters. Recent court order mandates disclosing committee members. Indian Banks Association seeks advice too. Risks highlighted for officers personally named.

India , Mumbai , Maharashtra , Milind-patel , Sanjay-agarwal , High-court , Indian-banks-association , Union-bank , Reserve-bank , Union-bank-of-india , Wilful-defaulter , Bank

Hry sets target of achieving at least 75% voter turnout

Appealing to voters to exercise their voting rights, Haryana Chief Electoral Officer Anurag Agarwal on Friday said that the poll panel is making strenuous efforts at the war footing level to ensure maximum participation of citizens in the voting for the Lok Sabha general elections scheduled for May

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HDFC Bank signs pact with SAIL

HDFC Bank signs pact with SAIL
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Bank unions, IBA agree to five-day work week; proposal will need government nod

Banks currently are shut on the second and fourth Saturday of every month

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