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: Full Year Revenue At $11.5 Bn FIN MIN OFFICIAL : Asked RBI To Ease Some Provisioning Norms FIN MIN OFFICIAL : Govt Has Asked RBI To Ease S4A, SDR Rules FIN MIN OFFICIAL : Asked RBI To Consider Allowing Banks To Reduce Interest Rates On Cases Under S4A FIN MIN OFFICIAL : Easing Provisioning Norms To Help Banks Implement New Changes In NPA Policy FIN MIN OFFICIAL : Asked RBI To Consider Allowing Fresh Moratorium On Principle/Interest Payment FIN MIN OFFICIAL : Expect RBI's Response To Govt's Request In 7-10 Days FIN MIN OFFICIAL : Likely To Allow Partially, Optionally Convertible Debentures For FDI FIN MIN OFFICIAL : Likely To Approve New Instruments To Spur FDI Next Month

PSU Banks Led Initiative To Set Up PMG: Anil Swarup

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September 23: Anil Swarup, Head of the Project Monitoring Group, says PSU banks needed the agency to aid and push projects forward to cut the rising number of bad loans in their portfolio. “We have a specific sub-group for banks, which meets regularly to discuss and resolve credit issues,” he says, adding that all banks are firmly on board. “Among states, all states except one are on board with PMG's activities,” he adds.