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English Release 30-January 2015
Date Month Year
  • President's Secretariat
  • President of India meets personnel of the tri service band contingents and provost outriders of the three services
  • Vice President's Secretariat
  • NSS CONTINGENT VOLUNTEERS CALL ON VICE PRESIDENT
  • Prime Minister's Office
  • PM interacts with differently-abled children at Gandhi Smriti
  • PM's Twitter Address to the 18th National Conference on e-Governance
  • PM pays homage to Mahatma Gandhi and all the Martyrs who laid their lives for the Nation, On Martyrs' Day
  • Min of Agriculture
  • Area Coverage under Rabi Crops
  • Min of Comm. & Information Technology
  • Commemorative Postage Stamp on Swachh Bharat
  • NIA Amendment on Spectrum Auction
  • Min of Defence
  • More Autonomy to be Given in Decision Making to DPSUs and OFBs for Better Performance: Parrikar
  • Ministry of Finance
  • Disinvestment of Coal India Ltd (CIL) Through OFS Successfully Completed; Rs 22557.63 Crore Accrued to the Government from this Disinvestment Process; This is the Largest Ever Disinvestment Among Central Public Sector Enterprises (CPSES)
  • Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold And Silver Notified
  • Gold award for the Income Tax Department under National Award on E-Governance 2014-15
  • Amended Exchange Rates of Foreign Currency Notified
  • Min of Home Affairs
  • Rajnath Singh approves rehabilitation of flood victims and the restoration of public infrastructure in Jammu & Kashmir
  • Union Home Minister chairs High Level Committee meeting for Central assistance to states affected by natural disasters
  • Min of Micro,Small & Medium Enterprises
  • Review Meeting of Pmegp for North Eastern States Held Under The Charimanship of Shri Kalraj Mishra
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointment
  • Chief Minister of Gujarat inaugurates 18th National Conference on e-Governance
  • ACC Appointments
  • Central Armed Police Forces (Assistant Commandants) Exam, 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 46.28 per bbl on 29.01.2015
  • Ministry of Railways
  • Two Day National Technical Seminar on Railway Track Issues Concludes Need to Benchmark the Best Engineering Pracatices of India and Abroad: Suresh Prabhu
  • Suresh Prabhu Flags off Trains Remotely Through Telepresence Service of Railtel, A Railway’s PSU
  • Min of Skill Development and Entrepreneurship
  • Strategic partnerships is a big step to scale skilling initiatives in India: Shri Rajiv Pratap Rudy
  • Min of Statistics & Programme Implementation
  • New Series Estimates of National Income, Consumption Expenditure, Saving and Capital Formation (Base Year 2011-12)
  • Min of Urban Development
  • Shri M.Venkaiah Naidu plainly asks states ‘are you ready for smart cities?’ Says it is a daunting a task but doable; seeks to motivate states
  • NITI Aayog
  • Dr VK Saraswat Assumes Charge as Member of NITI Aayog

Previous Date

 
Ministry of Finance29-November, 2012 17:44 IST
Rules on Loan Recasts

After the Second Quarter Review of Monetary Policy 2011-12 by the Reserve Bank of India (RBI), a Working Group (WG) was constituted under the Chairmanship of Shri B. Mahapatra, Executive Director, RBI to review the existing prudential guidelines on restructuring of advances by banks/financial institutions and suggest revisions taking into account the best international practices and accounting standards.

The Working Group had representation from a few select banks. Further, the report of the Working Group was placed on the website of the Reserve Bank for comments of all stakeholders including banks.

Given the larger objectives of financial stability and keeping in view international best practices to ensure that banks have sufficient provisioning buffer, RBI has announced, in its second review of Monetary Policy, to raise the provision for restructured standard accounts from the existing 2 percent to 2.75 per cent.

To address the issue of rise in NPAs and restructured advances of banks and with a view to improving effective information sharing among banks on credit, derivatives and unhedged foreign currency exposures, banks are advised to put in place, by end-December 2012, an effective mechanism for information sharing. Any sanction of fresh loans/ad-hoc loans/renewal of loans to new or existing borrowers with effect from January 1, 2013 should be made only after obtaining/sharing necessary information. Banks have been advised that non adherence to these instructions would be viewed seriously by RBI and banks would be liable to action including imposition of penalty wherever considered appropriate.

The compliance to the above regulatory and supervisory measures are aimed at reducing growth in NPAs and restructured advances by banks are being closely monitored by the RBI on an ongoing basis.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today.

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