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New framework could be on lines of earlier 'Statement of Intent' used to fix annual targets, will monitor performance on parameters such as return on assets, NPA, financial inclusion initiatives
'Mounting repayment pressure for some borrowers amid India's interest rate hikes, particularly for micro, small and medium-sized enterprises, will test banks' loan underwriting quality'
Canara Bank is pushing this business in Eastern region and two metropolitan areas - Mumbai and Pune
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
The move to appoint five deputy managing directors from SBI is being seen as the government's effort to tap into the talent from the country's largest lender to help other banks