Clipped from: https://www.thehindubusinessline.com/opinion/syncing-traditional-banks-with-their-challengers/article33990976.ece Traditional banks and smaller ‘new-age’ banks have much to gain by joining hands The emergence of challenger banks over the last decade has
Category: RBI–Banks
Attracting ‘new money’ will be a challenge for the ARC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/attracting-new-money-will-be-a-challenge-for-the-arc/article33957326.ece Book building for the new ARC may be easy, but its success will depend on the ability to develop a vibrant distressed debt
Loan-book fraud: Former Religare MD named beneficiary of ₹34 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-book-fraud-former-religare-md-named-beneficiary-of-34-crore/article33991222.ece The Economic Offences Wing (EOW) of the Delhi Police has named Sunil Godwani, former MD of financial services firm Religare Enterprises, as the
Google Pay app to give more controls to users – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/google-pay-app-to-give-more-controls-to-users/article34045614.ece Google said on Thursday that starting next week Google Pay’s app settings will provide users with more controls to decide how their activity
Dealing with stressed business assets: Giving up on time is a smart strategy – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-dealing-with-stressed-business-assets-giving-up-on-time-is-a-smart-strategy/2208738/ Ease of Doing Business for MSMEs: The situation of stressed assets is hardly surprising, given the economy’s stressed assets had quadrupled from $26
Amazon infuses Rs 225 crore into India payments unit – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/amazon-infuses-rs-225-crore-into-india-payments-unit/2211237/ Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. Amazon has been pumping
Proposed bad bank can only be used as a one-time tool to clean up banks’ balance sheet: CEA KV Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/proposed-bad-bank-can-only-be-used-as-a-one-time-tool-to-clean-up-banks-balance-sheet-cea-kv-subramanian/articleshow/81484162.cmsSynopsis The Union Budget for FY22 proposed the setting up of a bad bank in the form of an asset reconstruction company or an
Community-focused banks face existential crises over a lack of capital cushion and inadequate oversight – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/co-operative-banks-face-existential-crises-over-a-lack-of-capital-cushion-and-inadequate-oversight/articleshow/81485825.cms Synopsis–Currently, community banking only exists in some rudimentary form among cooperative banks. But these too face existential crises. Lack of adequate capital, ill-equipped
Some mistakes India must avoid this time to make DFIs a success | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bs-reads-some-mistakes-india-must-avoid-this-time-to-make-dfis-a-success-121021700257_1.html Now that DFIs are making a comeback, three key issues will be crucial for their success -the availability of long-term funds at a
Watch out for MSME risk build-up amid Covid-19 pandemic, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/watch-out-for-msme-risk-build-up-amid-covid-19-pandemic-says-report-121021801579_1.html The default rates in September 2020 remained stable at 12.1 per cent, a level also seen in September 2019 The micro units have
Financial sector growth has been slow: CEA Krishnamurthy Subramanian | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/financial-sector-growth-has-been-slow-cea-krishnamurthy-subramanian-121030501462_1.html He said the Budget has made a significant push towards reforming the financial sector and adding vitality to it CEA Krishnamurthy Subramanian The
RBI asks lenders to report restructured accounts to credit bureaus – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-asks-lenders-to-report-restructured-accounts-to-credit-bureaus/2211524/ The uniform credit reporting format has two annexes. Annex-I contains two formats for credit reporting – consumer bureau and commercial bureau, whereas annex-II
Whatever banks are reporting does not present the full picture: Saswata Guha, Fitch Ratings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/whatever-banks-are-reporting-does-not-present-the-full-picture-saswata-guha-fitch-ratings/articleshow/81466653.cmsSECTIONSWhatever banks are reporting does not present the full picture: Saswata Guha, Fitch RatingsLast Updated: Mar 12, 2021, 04:09 PM ISTSynopsis Not everything that
Online loan racket in Chennnai busted, two arrested – The Hindu
Clipped from: https://www.thehindu.com/news/cities/chennai/online-loan-racket-in-chennnai-busted-two-arrested/article34044648.ece The fraudsters run fake call centres, and scam people into transferring money to them online on the pretext of processing loans, police said
Large Indian lenders seek time on standing instructions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-seek-time-on-standing-instructions/articleshow/81381522.cms Synopsis–Banks have also requested RBI to exclude transactions against pre-existing standing instructions and those with international merchants from the new conditions for e-mandates
Bank privatisation as an experiment | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bank-privatisation-as-an-experiment-121031101402_1.html The government must test the efficacy of privatising two banks first before going the whole hog Say this for the proposed move to
With no PCA overhang, IDBI Bank expects to grow loans at 8%-10% in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/with-no-pca-overhang-idbi-bank-expects-to-grow-loans-at-8-10-in-fy22-121031101168_1.html Corporate credit back on the lender’s agenda; RBI to review the lender’s performance each quarter for 1 year IDBI Bank Freed from the
HSBC banks on NRI, wealth management in fresh retail charge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/hsbc-banks-on-nri-wealth-management-in-fresh-retail-charge/articleshow/81451756.cms SynopsisIndia CEO Surendra Rosha said the bank will enhance its product capabilities and invest in digitisation of its retail offering as it seeks
Liquidation an outcome of market forces: IBBI chairperson M S Sahoo | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/liquidation-an-outcome-of-market-forces-ibbi-chairperson-m-s-sahoo-121031000046_1.html Sahoo was responding to the criticism that only 25 per cent of IBC cases end up in resolution while the remaining get liquidated
Lenders ‘can’t be asleep’, must suffer compensation cut for bad loans: CEA | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/lenders-can-t-be-asleep-must-suffer-compensation-cut-for-bad-loans-cea-121030900761_1.html Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor. Chief Economic Advisor K V Subramanian Senior management of lenders
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