Banks are fighting for the home loan pie by cutting rates to historical lows. What is prompting them to launch into a rate war? Will there be a market shift?
In a rare move, 14 public sector bank officers were elevated to EDs at the same time.
Responding to a whistleblower’s allegations, Ministry of Corporate Affairs orders inspection of books of Edelweiss Asset Reconstruction Company.
NPA resolution needs concerted effort, writes Edelweiss ARC chief RK Bansal. Banks need to sell bad loans at appropriate price, RBI should ease provisioning norms and ARCs develop ability to raise resources.
Asset quality of banks is likely to worsen during first half of 2021.
