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Rules of recovery
Settlement framework provides another option
NPA framework: Ordinance to empower RBI actually gives more teeth to govt
Business Standard evaluates likely implications of the ordinance to amend Banking Regulation Act
NHB mulls extension of 90-day window for NPA classification
Regulator may also issue guidelines for direct selling agents with respect to home loan transfers
RBI may issue framework for bringing NPA ordinance online within 15 days
About 10-12 cases, including Bhushan Steel and GVK Power, will be taken up in the first go
Open auction of NPAs: President clears ordinance to give more teeth to RBI
Ordinance will amend relevant Act to give RBI the right to issue directive in the interest of banks