Clipped from: https://www.financialexpress.com/opinion/between-supreme-court-govt-banks-lose-freedom/2219575/ SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
Category: RBI–Banks
True Balance raises $10 million in debt funding for its NBFC True Credits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/true-balance-raises-10-million-in-debt-funding-for-its-nbfc-true-credits/article34132357.ece Fintech app True Balance on Monday announced that it has raised $10 million in debt funding from a group of investors. The debt
‘NBFCs have made adequate provisions, do not expect a quantum jump in bad loans’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-have-made-adequate-provisions-do-not-expect-a-quantum-jump-in-bad-loans/article34152403.ece Non-banking financial companies (NBFCs) have already made provisions for non-performing assets and do not expect a sharp spike in bad loans following the
New RBI norms: Uni-State UCBs can convert to multi-State UCBs via amalgamation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-rbi-norms-uni-state-ucbs-can-convertto-multi-state-ucbs-via-amalgamation/article34152145.ece A uni-State Urban Co-operative Bank (UCB) can metamorphose into a multi-State UCB through amalgamation with a uni-State bank registered in another State, going
Banking on crisis management: Meet Gopinath, head of SEAC on bank licences | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banking-on-crisis-management-meet-gopinath-head-of-seac-on-bank-licences-121032401725_1.html Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high
Wanted: A secondary market for bank loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/wanted-a-secondary-market-for-bank-loans/article34153018.ece This is of vital importance for price discovery of loans and to restore the health of Indian banks With the Finance Minister’s announcement
The right balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-right-balance/article34152917.ece Apex Court has spelt out a pragmatic solution to the interest waiver issue On March 23, the Supreme Court brought a satisfactory closure
ICICI Bank enables customers to break high-value transactions into EMIs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-enables-customers-to-break-high-value-transactions-into-emis/articleshow/81670653.cmsSynopsis Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet
MSME funding: How FinTechs can help address credit gap for small businesses–business today
Clipped from: https://www.businesstoday.in/opinion/columns/msme-funding-how-fintechs-can-help-address-credit-gap-for-small-businesses/story/432894.html A symbiotic relationship between banks and digital NBFCs can lead the way towards a win-win situation for all The introduction of the Co-Lending
How bad bank model of ARC, AMC would work to manage NPAs–business today
Clipped from: https://www.businesstoday.in/opinion/columns/how-bad-bank-model-of-arc-amc-would-work-to-manage-npas/story/433303.html The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more
Supreme Court chooses right–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/supreme-court-chooses-right/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Supreme Court’s refusal either to extend RBI’s
Policybazaar to team up with Paytm, Ola and IndusInd Bank for NUE bid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/policybazaar-to-team-up-with-paytm-ola-and-indusind-bank-for-nue-bid/articleshow/81657479.cmsSynopsis PolicyBazaar and others have set up an entity called Foster Payment Network which will front the NUE bid under Reserve Bank of India’s
loan moratorium : No compound or penal interest be charged from borrowers during moratorium period, directs SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cant-allow-extension-of-loan-moratorium-period-says-sc-waiver-of-interest-not-possible/articleshow/81644517.cmsSynopsis The bench refused to further extend the moratorium period beyond Aug 31, 2020, or the deadline for resolution of stressed assets beyond Dec
RBI to consider proposal to merge twoor more Urban Cooperative Banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-consider-proposal-to-merge-twoor-more-urban-cooperative-banks/article34143711.ece The Reserve Bank of India (RBI), on Tuesday, said it will consider proposals for merger and amalgamation of two or more Urban Cooperative
Digital lenders on fund raising spree – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-lenders-on-fund-raising-spree/article34139555.ece Analysts believe sector set to grow further Concerns about the sector notwithstanding, the digital lending segment is seeing a boom with increased demand
Will the new DFI boost infra funding? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-the-new-dfi-boost-infra-funding/article34142830.ece Its success will hinge on, among others, the cost of raising funds, returns for investors and efficient project appraisal The creation of a
Neo bank — the new disruptor on the block – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/neo-bank-the-new-disruptor-on-the-block/article34093484.ece Leveraging tech for smart banking – istock.com/ipopba Leveraging tech for smart banking – istock.com/ipopba× These digital, online-only entities provide a variety of services
Why digital payment is a public good – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-digital-payment-is-a-public-good/article34093572.ece The RBI’s move to allow private players as ‘new umbrella entities’ to operate the retail payments system is risky A robust and secure
How bad bank model of ARC, AMC would work to manage NPAs–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/opinion/columns/how-bad-bank-model-of-arc-amc-would-work-to-manage-npas/story/433303.html The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more
Paytm payment gateway registers over 750 mn monthly transactions | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/paytm-payment-gateway-registers-over-750-mn-monthly-transactions-121032201414_1.html Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis. Photo: Bloomberg Digital payments services
aniltikotekar4sme.com 