Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-to-scrap-bankruptcy-process-of-siva-industries/articleshow/82563723.cms Synopsis–The creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have accepted Sivasankaran’s
Category: RBI–Banks–NBFCs
RBI set to put onus on lenders to monitor loan apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/rbi-set-to-put-onus-on-lenders-to-monitor-loan-apps/articleshow/82555506.cms Synopsis–The Reserve Bank of India’s working group on digital lending is all set to lay down strict governance and regulatory rules for loan
Lazy banking: Banks’ bond investment surpasses loans | Business Standard News
lipped from: https://www.business-standard.com/article/finance/lazy-banking-banks-bond-investment-surpasses-loans-121051000247_1.html Standard Chartered’s Sahay said the gap between investments and advances will narrow only gradually Deposit growth remained sturdy in double digits clocking 11.4
bad debt–SBI’s Padma Nair to be NARC’s first CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbis-padma-nair-to-be-narcs-first-ceo/articleshow/82551131.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The NARC will aggregate the bad loans and transfer them to a step-down asset management company (AMC) which will manage the assets
Microfiance sector seeks RBI’s additional support to combat COVID-19 second wave – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/microfiance-sector-seeks-rbis-additional-support-to-combat-covid-19-second-wave/articleshow/82550827.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “RBI timely intervention for the sector and its recent announcement of special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance
Rupee appreciates on expectations of weak dollar, global risk sentiment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-appreciates-on-expectations-of-weak-dollar/article34529424.ece Gained 154 paise over the last month The rupee could see an appreciating bias on expectations of a weak dollar and global risk
Carry positions can hurt exchange rate and cause inflation, says SBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/carry-positions-can-hurt-exchange-rate-and-cause-inflation-says-sbi-121051001437_1.html This is particularly important for the Reserve Bank of India (RBI) as it works under an inflation-targeting regime The combination of two instruments
HDFC picks up stake in CSC Grameen e-Store, banking on rural commerce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/hdfc-bank-gets-1-5-of-grameen-estore-for-rs-10-crore/articleshow/82532483.cmsSynopsis This comes after the digital arm of the Tata Group — Tata Digital — had purchased a similar stake in the government-run rural
Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Private banks allowed to undertake agency jobs for central and state govts without any fresh approval: RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/private-banks-allowed-to-undertake-agency-jobs-for-central-and-state-govts-without-any-fresh-approval-rbi/articleshow/82530826.cmsSynopsis Banks seeking fresh approval from RBI for government agency businesses should be healthy and are not under prompt corrective action framework or moratorium
Mumbai Angels Network sees 36 exits, eyes 50 investments this year | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-angels-network-sees-36-exits-eyes-50-investments-this-year-121051001374_1.html Purplle has raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures and JSW Ventures. The platform closed 36 fresh
Near-resolution assets may not go to bad bank amid Covid-19 pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/near-resolution-assets-may-not-go-to-bad-bank-amid-covid-19-pandemic-121051100040_1.html ARC expected to be functional next month Where there is a resolution likely in one or two months, and the order of the
RBI: Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Your Queries – Loans: For LIG PMAY subsidy, co-owner has to be female and co-applicant – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-for-lig-pmay-subsidy-co-owner-has-to-be-female-and-co-applicant/2249504/ In the case of LIG PMAY subsidy, the co-owner or primary owner has to be a female. Also, she needs to be a
Rupee levels too crucial for inflation management: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rupee-levels-too-crucial-for-inflation-management-report/articleshow/82522354.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Estimates of exchange rate pass through suggest some moderation during the flexible Inflation targeting period. “But inflation can still alter by 0.1-0.13% for
Risks to financial institutions mounting as second wave surges across India: Fitch Ratings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/risks-to-financial-institutions-mounting-as-second-wave-surges-across-india-fitch-ratings/articleshow/82516399.cmsSynopsis The fresh round of relief measures announced by the Reserve Bank of India in response to the second wave could provide some relief
How can individuals invest in government bonds? | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/how-can-individuals-invest-in-government-bonds-984208.html In this debt-based investment, you loan money as a creditor to a government in return for an agreed rate of interest on the amount
Why rising interest rates are great for long-term investors | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/why-rising-interest-rates-are-great-for-long-term-investors-973246.html Rising debt yields offer long-term investors a chance to make higher long-term returns Pratik Oswalpassive fundsMotilal Oswal AMC There are hundreds of articles
India Inc’s overseas borrowing touches $9.23 billion, a two year high in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/india-incs-overseas-borrowing-touches-923-billion-a-two-year-high-in-march/article34528254.ece?homepage=true The sudden spike in March 2021 can largely be attributed to Indian Railway Finance Corporation (IRFC) which raised $4.92 billion External commercial borrowings
What happens to investments when the holder dies without nominating anyone? | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/what-happens-to-investments-when-the-holder-dies-without-nominating-anyone-121050701160_1.html Your family could face difficulties as getting a succession certificate from the court is easier said than done The second wave of Covid-19
