Indian Banks’ Association

The centre’s plan to privatise the banks and merge them is shaky. Unprofessional mergers are a hindrance to the functioning of healthy banks and do not help overcome the issue of bad loans

To guide state-owned banks in taking accountability for non-performing assets, the finance ministry recently published a new set of standards and issued the “Staff Accountability Framework for NPA Accounts up to Rs 50 crore (other than fraud cases)”.

The Court has constituted a panel to speed up disposal of cheque bounce cases. It said the centre would allocate space for its functioning and give allowances. The panel has to submit its report within three months.