Canara, PNB, UBI, PSB and Andhra Bank may face PCA

Canara, PNB, UBI, PSB and Andhra Bank may face PCA

5 Public sector banks are on the verge of being put under Prompt Corrective Action plan by Reserve Bank of India. According a news report in business standard, these banks include Canara Bank, Punjab National Bank, Union Bank of India, Punjab and Sidh Bank and Andhra...
Changes in Priority Sector Guidelines

Changes in Priority Sector Guidelines

RBI, vide notification dated March 01, 2018 amended the priority sector guidelines. Following are the changes made in priority sector lending: 1.  Earlier it was stipulated that the sub-targets for lending to small and marginal farmers and micro enterprises shall be...
Resolution of Stressed Assets – New RBI Guidelines

Resolution of Stressed Assets – New RBI Guidelines

RBI, vide notification dated 12.02.2018 issued revised framework for resolution of Stressed Assets. In this notification, RBI has withdrawn the existing schemes such as CDR, SDR, S4A, JLF etc. For exposure of Rs.2000 crores and above, Banks need to resolve the default...
No Physical Education Loan application in Banks

No Physical Education Loan application in Banks

The Department of Financial Services has made it mandatory for all the banks to accept the education loan applications only through online mode. Banks have been directed not to accept education loan applications in physical form. Online education loan applications...