Latest


Ordinance on bad loans gets Presidential nod

  •   Fri, May 05 2017 12:26:30 PM

New Delhi, May 5 (IANS): An ordinance empowering the Reserve Bank of India (RBI) to tackle bad loans of banks got the Presidential nod on Friday.

President Pranab Mukherjee signed the ordinance that will amend the Banking Regulation Act to tackle the burgeoning non-performing assets of banks.

The ordinance was sent to the President after it was cleared by the Union Cabinet on Wednesday.

"This ordinance will enhance the power of RBI to manage bad loans," Minister of State for Finance Santosh Kumar Gangwar said.
  

Top Stories

Mangaluru: Walk-in Aikya residential apartment inaugurated at Bikarnakatte

  •   18 hours ago    1

Comment on this article


Leave a Comment

Title: Ordinance on bad loans gets Presidential nod



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like