https://www.taxtmi.com/news?id=20828 The Central Government, in consultation with the Reserve Bank of India, may make schemes for amalgamation of nationalised banks; using an approved Alternative Mechanism the Government, after consulting the RBI, approved consideration of amalgamation among specified public sector banks with boards granting recommendations or in principle approvals, informed by RBI provided bank income data. Complementary measures to address stressed assets include tightened asset recognition under an Asset Quality Review, strengthened creditor remedies via the Insolvency and Bankruptcy Code and amendments to secured credit laws, expanded recovery tribunals, and enhanced provisioning and monitoring to improve asset quality. en-us Sat, 15 Dec 2018 09:57:37 +0530 Sat, 15 Dec 2018 09:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20828 The Central Government, in consultation with the Reserve Bank of India, may make schemes for amalgamation of nationalised banks; using an approved Alternative Mechanism the Government, after consulting the RBI, approved consideration of amalgamation among specified public sector banks with boards granting recommendations or in principle approvals, informed by RBI provided bank income data. Complementary measures to address stressed assets include tightened asset recognition under an Asset Quality Review, strengthened creditor remedies via the Insolvency and Bankruptcy Code and amendments to secured credit laws, expanded recovery tribunals, and enhanced provisioning and monitoring to improve asset quality. News - Sat, 15 Dec 2018 09:57:37 +0530 https://www.taxtmi.com/news?id=20828