Clipped from: https://www.thehindubusinessline.com/business-laws/bad-loans-and-personal-guarantees/article34683404.ece The SC verdict has brought relief to creditors waging long battles against bad loans On May 21, 2021, the Supreme Court dismissed pleas
Category: RBI–Banks
Banks can lend about ₹46,000 crore to MSMEs, civil aviation sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-can-lend-about-46000-crore-to-msmes-civil-aviation-sector/article34683172.ece?homepage=true Scheme extended up to Sept-end or till guarantees of ₹3-lakh crore are issued Banks can lend about ₹46,000 crore to the micro, small
Emergency credit scheme to now cover civil aviation, oxygen plants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/emergency-credit-scheme-to-now-cover-civil-aviation-oxygen-plants/article34683988.ece In boost to multiple sectors, ₹500-crore debt ceiling for loan eligibility also goes The Government on Sunday expanded the scope of the Emergency
Could your bank be headed for bankruptcy? – The Financial Express
clipped from: https://www.financialexpress.com/economy/your-money-could-your-bank-be-headed-for-bankruptcy/2261016/ If the Altman Z score is less than 1.10, the bank is a bankruptcy candidate Altman developed the Z score as a tool
‘RBI may keep repo rate unchanged’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-keep-repo-rate-unchanged/article34683797.ece?homepage=true The MPC has held repo rate rock-steady at 4% since May 2020 The rate-setting monetary policy committee (MPC) is likely to stand pat
Banks send advisories to customers to not transact in cryptocurrencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-send-advisories-to-customers-to-not-transact-in-cryptocurrencies/article34682306.ece?homepage=true Restrictions put up for cryptocurrencies trading through customer accounts as it is not permitted by the RBI In further trouble for domestic crypto
Banks decide to extend unsecured personal loans for Covid treatment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-to-extend-unsecured-personal-loans-for-covid-treatment/article34681473.ece?homepage=true Banks to create Covid loan book as per the RBI’s announcement Public Sector Banks (PSBs) have decided to make available unsecured personal loans
PSBs to follow templated approach to restructure loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-to-follow-templated-approach-to-restructure-loans/article34681671.ece?homepage=true Resolution process has to be invoked within 30 days from the receipt of the application Public Sector Banks (PSBs), under the aegis of
Deposit Insurance: 49.1% bank deposits are not under Rs 5 lakh insurance cover: Check if your deposit is protected – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/49-1-bank-deposits-are-not-under-rs-5-lakh-insurance-cover-check-if-your-deposit-is-protected/articleshow/83005834.cmsSynopsis Around 4.8 crore accounts do not enjoy the deposit insurance cover offered by Deposit Insurance and Credit Guarantee Corporation (DICGC). When a bank
Big 4-Indian auditors spat over new RBI guidelines turns ugly – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/big-4-indian-auditors-spat-over-new-rbi-guidelines-turns-ugly/articleshow/83045794.cms Synopsis–The spat between the Big Four professional services firms and Indian auditors over the new RBI guidelines for appointments of statutory auditors has
Despite record dividend, RBI and govt may have differences over new norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/despite-rbi-s-record-dividend-rift-surfaces-with-finmin-over-audit-norms-121052601038_1.html Apex bank’s Rs 99,122 cr dividend supports the Centre’s fiscal rescue plan, obviates need to ramp up borrowings for now The finance ministry feels the
Booster dose – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-will-need-to-step-in-with-measures-to-support-demand-and-revive-private-investment/article34669822.ece The Centre will need to step in with measures to support demand and revive private investment The Centre would do well to pay
KCCI seeks solutions to tackle Covid-induced problems of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/kcci-seeks-solutions-to-tackle-covid-induced-problems-of-msmes/article34665139.ece Demands measures including relaxation of NPA norms for loans availed, waiver of fixed charges of Escoms With the second wave of Covid pandemic
Cab drivers seek moratorium on vehicle loans, support – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/cab-drivers-seek-moratorium-on-vehicle-loans-support/article34671113.ece “Banks and the finance cos are seizing vehicles even as the drivers are struggling to earn enough to survive” KV Kurmanath With the pandemic
RBI says economic cost of second Covid-19 wave may be limited to Q1 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/covid-19-crisis-govt-must-step-up-expenditure-to-boost-demand-says-rbi-121052701722_1.html Government must now step up expenditure to boost demand for private investment and consumption, said RBI According to RBI, “the recovery of the
Behind Reserve Bank of India’s bonanza to the Centre – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/behind-reserve-bank-of-indias-bonanza-to-the-centre/2260386/ Even though income fell 10.96%, expenditure decreased by a whopping 63.10% enabling RBI to provide this bonanza Exchange gain/ loss from forex transactions,
How the RBI managed a large surplus transfer to the Centre in a difficult year – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34662955.ece The Covid-19 pandemic dealt a hard blow to the Indian economy in 2020-21 and RBI had a tough job in supporting growth, ensuring
Banks’ asset quality will need close monitoring: RBI Annual Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-asset-quality-will-need-close-monitoring-rbi-annual-report/article34656973.ece Higher provisioning required to lift the interim stay on asset classification standstill by SC: RBI Banks’ asset quality will need to be closely
RBI raises concern over ‘bubble’ in equity market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/rbi-raises-concern-over-bubble-in-equity-market/article34660101.ece?homepage=true Measures of dividend yield also signal that markets are getting overpriced The RBI’s concern over the relentless increase in stock prices without fundamental
Accounting gains | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/accounting-gains-121052701630_1.html RBI’s higher surplus transfer has limits The Reserve Bank of India (RBI) released its annual report on Thursday, its first after a shift in the
aniltikotekar4sme.com 