42 NBFCs, housing finance companies increased their provisioning under Indian accounting: EY report – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/42-nbfcs-housing-finance-companies-increased-their-provisioning-under-indian-accounting-ey-report/articleshow/79719909.cmsSynopsis The report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26%

RBI eases some conditions for banks to open current accounts – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-eases-some-conditions-for-banks-to-open-current-accounts/articleshow/79724851.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for