lipped from: https://www.financialexpress.com/industry/banking-finance/dec-quarter-saw-rise-in-home-loan-delinquencies-crif-high-mark/2255946/ While housing finance companies (HFCs) faced 7.84% delinquencies, public sector banks saw 6.3% loans under stress during Q3FY21. CRIF High Mark, however, mentioned
Category: RBI–Banks
Allow banks wider recast of loans – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/allow-banks-wider-recast-of-loans/2255982/ The second wave has hit small businesses hard; permit recast of loans of upto Rs 50 crore, while classiying the accounts as NPAs
Banks likely to transfer about 80 large NPA accounts to NARCL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-likely-to-transfer-about-80-large-npa-accounts-to-narcl/2255777/ NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent
Released liquidity may help banks to subscribe to G-Secs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/released-liquidity-may-help-banks-to-subscribe-to-g-secs-aggregating-32000-cr-at-fridays-auction/article34607405.ece Market participants offered to sell seven G-Secs aggregating ₹1,21,696 crore Liquidity released on account of purchase of Government Securities (G-Secs/GS) aggregating ₹35,000 crore
Investors face losses amid outages in crypto bourses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/investors-face-loses-amid-outages-in-crypto-bourses/article34607768.ece Crash in price led to heavy transactions on the platforms Indian crypto investors were left in the lurch amid crashing prices, as domestic
Depositors’ body wants banks to take a cue from Govt and not cut deposit rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/depositors-body-wants-banks-to-take-a-cue-from-govt-and-not-cut-deposit-rates/article34605190.ece Cautions that a negative real interest rate may hamper growth in the long run The All India Bank Depositors’ Association (AIBDA) has requested
Don’t tinker with FDI e-comm rules – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/dont-tinker-with-fdi-e-comm-rules/article34599745.ece Clearing the air The government must take a clear stand on its e-commerce policy – /iStockphoto Clearing the air The government must take
RBI makes mobile wallet interoperability mandatory from FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/rbi-makes-mobile-wallet-interoperability-mandatory-from-fy23/articleshow/82777061.cmsSynopsis Additionally, mobile wallets such as Paytm, PhonePe and Mobikwik can now be used for cash withdrawals up to Rs 2,000. The wallet limit
Foreign Exchange Policy; Intervention isn’t manipulation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-foreign-exchange-policy-intervention-isnt-manipulation/articleshow/82778237.cmsSynopsis The criteria for branding currency manipulators are rather simple. The US Treasury looks at three criteria: (1) foreign exchange intervention in terms of
ECB warns of financial stability risks amid market ‘exuberance’ | Business Standard News
Clipped from: https://www.business-standard.com/article/international/ecb-warns-of-financial-stability-risks-amid-market-exuberance-121052000051_1.html Says flood of fiscal & monetary stimulus may build up dangerous imbalances The euro zone is vulnerable to such spillovers because, like most
Second wave of Covid-19: Consider second loan recast, PSBs tell RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/second-wave-of-covid-19-consider-second-loan-recast-psbs-tell-rbi-121052000034_1.html Want lower provisioning for restructuring than last year Reeling from the second wave of Covid-19 and its economic impact, public sector banks have
NBFCs had objected to RBI rules on auditor change, called for expert panel | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-had-objected-to-rbi-rules-on-auditor-change-called-for-expert-panel-121051901180_1.html The RBI had said in its guidelines that all banks and NBFCs, except non-deposit taking ones below Rs 1,000 crore, should change their
Foreign currency deposits lose sheen due to stable rupee | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/foreign-currency-deposits-loses-sheen-due-to-stable-rupee-121051900565_1.html The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow
PhonePe seeks to acquire Indus OS to take on Paytm, Google Pay, Amazon Pay | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/phonepe-seeks-to-acquire-indus-os-to-take-on-paytm-google-pay-amazon-pay-121051900888_1.html The acquisition would help PhonePe in its “super app and vernacular language” strategy to integrate various apps on its platform. Both Flipkart and
PPIs issued by banks and non-banks should be interoperable by March 2022: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ppis-issued-by-banks-and-non-banks-should-be-interoperable-by-march-2022-rbi/article34599668.ece?homepage=true Interoperability shall be mandatory on the acceptance side, says the central bank The Reserve Bank of India (RBI) on Wednesday said interoperability amongst
Bounce rates of auto debit transactions rise in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bounce-rates-of-auto-debit-transactions-rise-in-april/article34596357.ece?homepage=true But limited lockdowns may mute impact In a worrying repetition of last year’s Covid-19 led economic distress, bounce rates for recurring transactions were
NCLT asks DHFL lenders to consider Wadhawan’s offer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nclt-asks-dhfl-lenders-to-consider-wadhawans-offer/article34600044.ece?homepage=true Bankers say since PCHFL’s resolution plan has been approved by majority of the lenders, it is unlikely that their decision will change. The
As Coronavirus lurks, Indians save wealth for health – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/as-virus-lurks-indians-save-wealth-for-health/articleshow/82750222.cmsSynopsis Companies and financial experts said that prospective customers are diverting funds that could have gone into the purchase of discretionary items toward unforeseen
Commerce Ministry likely to ask RBI to extend Interest Equalisation Scheme beyond June 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/commerce-ministry-likely-to-ask-rbi-to-extend-interest-equalisation-scheme-beyond-june-2021/article34586295.ece Exporters say access to cheaper credit essential in retaining competitiveness The Commerce Ministry may ask the RBI to extend the Interest Equalisation Scheme
About 50% of rated entities are ‘issuer non-cooperating’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/about-50-of-rated-entities-are-issuer-non-cooperating/article34589623.ece Borrowers find it difficult to obtain NOC from banks The number of companies being rated as ‘issuer non-cooperating’ has risen sharply for all
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