Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements; Directs DFS, Regulatory Authorities and FIs to Review and Strengthen the Procedures Further in this Regard https://www.taxtmi.com/news?id=1313 Mandated that Public Sector Banks, financial institutions and insurance companies conduct an independent evaluation of exposures to entities named in a CBI application, focusing on asset quality, documentation and compliance with prudential requirements; Boards must reassess NPAs and strengthen NPA monitoring and management, ensure loan approvals adhered to Board approved procedures and due diligence, and DFS and regulators must review and reinforce related procedures. en-us Thu, 25 Nov 2010 22:35:54 +0530 Thu, 25 Nov 2010 22:35:54 +0530 TaxTMI RSS Generator Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements; Directs DFS, Regulatory Authorities and FIs to Review and Strengthen the Procedures Further in this Regard https://www.taxtmi.com/news?id=1313 Mandated that Public Sector Banks, financial institutions and insurance companies conduct an independent evaluation of exposures to entities named in a CBI application, focusing on asset quality, documentation and compliance with prudential requirements; Boards must reassess NPAs and strengthen NPA monitoring and management, ensure loan approvals adhered to Board approved procedures and due diligence, and DFS and regulators must review and reinforce related procedures. News - Thu, 25 Nov 2010 22:35:54 +0530 https://www.taxtmi.com/news?id=1313