Clipped from: https://economictimes.indiatimes.com/markets/expert-view/bank-of-baroda-rbl-and-idfc-first-could-double-from-here-sanjiv-bhasin/articleshow/82328706.cmsSECTIONSBank of Baroda, RBL and IDFC First could double from here: Sanjiv BhasinLast Updated: Apr 30, 2021, 05:31 PM ISTSynopsis Midcap banks and PSUs
Category: RBI–Banks
Yes Bank pins hopes of economic recovery even as slippages rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-pins-hopes-of-economic-recovery-even-as-slippages-rise/articleshow/82331201.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis CEO Prashant Kumar said he expects the economy to recover faster this fiscal amidst the second wave of Covid led by faster vaccinations
Best NRI accounts that can be opened without hassle–business today
Clipped from: https://www.businesstoday.in/impact-feature/corporate/best-nri-accounts-that-can-be-opened-without-hassle/story/437272.html NRIs are allowed to hold three types of bank accounts and deposits in India. These accounts carry different features and, accordingly, may be
Indian economy was well on the road to recovery before new virus wave hit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-was-well-on-the-road-to-recovery-before-new-virus-wave-hit/articleshow/82320064.cmsSynopsis Passenger vehicle sales more than doubled from a year ago, rising to 291,000 units in March, according to SIAM data. Two-wheeler sales were
Interest on interest refunds: Lenders make provisions in Q4FY21 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/interest-on-interest-refunds-lenders-make-provisions-in-q4fy21/article34439976.ece?homepage=true The IBA recently finalised a uniform methodology for refund or adjustment, as per the Supreme Court judgement Post the announcement of fourth quarter
Companies look to cover currency risk as rupee set to turn volatile – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/companies-look-to-cover-currency-risk-as-rupee-set-to-turn-volatile/articleshow/82315086.cms Synopsis”Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee’s value will raise their repayment liabilities amid
Promoters go for ‘asset protection trusts’ fearing default – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/promoters-go-for-asset-protection-trusts-fearing-default/articleshow/82298238.cms Synopsis–Many companies have seen profitability crash or even entire business models facing major disruption due to Covid pandemic driven demand slump. The fear
ICICI bank: ICICI Bank launches contactless banking platform for merchants – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-launches-contactless-banking-platform-for-merchants/articleshow/82306780.cmsSynopsis It aims to empower over two crore retail merchants in the country with seamless banking services digitally. ICICI Bankon Thursday announced the launch
Companies look to cover currency risk as rupee set to turn volatile – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/companies-look-to-cover-currency-risk-as-rupee-set-to-turn-volatile/articleshow/82315086.cms Synopsis”Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee’s value will raise their repayment liabilities amid
Bombay HC directs Palghar Police to stay probe against Indiabulls Housing Finance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/bombay-hc-directs-palghar-police-to-stay-probe-against-indiabulls-housing-finance/articleshow/82297054.cmsSynopsis The mortgage lender had approached the court after a company shareholder approached the local police station in the Palghar District alleging siphoning of
MSME loans: NBFC lenders stare at significant dip in lending for at least three months amid Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-loans-nbfc-lenders-stare-at-significant-dip-in-lending-for-at-least-three-months-amid-covid-2-0/2241981/ Credit and Finance for MSMEs: Recently industry association for NBFCs Finance Industry Development Council (FIDC) had written to RBI seeking another round of
Inflation looms large, but need accommodative RBI – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inflation-looms-large-but-need-accommodative-rbi/2242045/ Second surge has hit recovery, and the pain could linger for some time; despite discomfort, RBI must keep monetary policy easy This is
Retailers to FM Sitharaman: Give ECLGS benefits, 6-month moratorium, interest rate cut to fight Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/retailers-to-fm-sitharaman-give-eclgs-benefits-6-month-moratorium-interest-rate-cut-to-fight-covid-2-0/2242034/ Credit and Finance for MSMEs: The expert Committee made under the chairmanship of K.V. Kamath had last year recommended financial ratios for 26
Bad Banks: Not by sovereign guarantee–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/bad-banks-not-by-sovereign-guarantee/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. A sovereign guarantee for the security receipts issued
Cost to cover default risks goes up for banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cost-to-cover-default-risks-goes-up-for-banks/articleshow/82295319.cmsSynopsis Credit Default Swaps (CDS), an insurance against default, tied to ICICI Bank and State Bank of India are now at elevated levels that
RBI’s renewed challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-renewed-challenges-121042701330_1.html The second wave could increase risk for the banking system The Indian economy has been recovering well in recent months but a sudden
Banks with assets of more than Rs 15,000 crore must hire two auditors | Business Standard News
lipped from: https://www.business-standard.com/article/finance/commercial-banks-ucbs-to-have-a-minimum-of-two-firms-for-statutory-audit-121042700399_1.html Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors
MSMEs urge FM Nirmala Sitharaman to review NPA classification norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/msmes-urge-fm-nirmala-sitharaman-to-review-npa-classification-norms-121042701411_1.html In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has
Permission does not a bond market make–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/permission-does-not-a-bond-market-make/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Insurance regulator, Irdai, has given its go-ahead for
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-issues-guidelines-for-appointment-of-statutory-auditors-of-banks-nbfcs/articleshow/82270246.cmsSynopsis As per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors
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