Clipped from: https://www.business-standard.com/article/companies/unsecured-loans-come-back-to-haunt-private-banks-after-13-year-gap-121022200670_1.html ICICI Bank, Axis, among others see rise ‘proforma’ slippages in Q3 Banks are again facing stress in the unsecured loan segment, after a
Category: RBI–Banks
Too much prudence with bad loans is bad–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/too-much-prudence-with-bad-loans-is-bad/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The reported proposal for banks to sell only
NPA: Transferring sticky loans: Fully provided NPAs may go to proposed bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/fully-provided-npas-may-go-to-proposed-bad-bank/articleshow/81143764.cmsSynopsis About a dozen lenders, including some of the large state-owned entities, such as Rural Electrification Corporation and Power Finance Corporation, would be approached
Bank privatisation: NPA hive-off, staff transfers being considered – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/psb-privatisation-npa-hive-off-staff-transfers-being-considered/articleshow/81140877.cmsSynopsis The government is likely to consider only banks that were not part of the recent consolidation, which would exclude Punjab National Bank, Bank
The changing face of monetary intervention – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-changing-face-of-monetary-intervention/article33895997.ece The Reserve Bank of India has injected adequate liquidity into the system – BusinessLine The Reserve Bank of India has injected adequate liquidity
How to revive PMC Bank | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-to-revive-pmc-bank-121022100696_1.html Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank’s revival is a challenge very different from
PSB privatisation: NPA hive-off, staff transfers being considered – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/psb-privatisation-npa-hive-off-staff-transfers-being-considered/articleshow/81140877.cmsSynopsis The government is likely to consider only banks that were not part of the recent consolidation, which would exclude Punjab National Bank, Bank
Consortium of investors put in joint bid to acquire PMC Bank–business today
Clipped from: https://www.businesstoday.in/current/corporate/consortium-of-investors-put-in-joint-bid-to-acquire-pmc-bank/story/431837.html PMC Bank bid: The potential consortium of investors includes Germany-based Alfa Pharma GmbH, Investment Fund (Mauritius), NexPact (Mauritius), Global Com Fin Investment LLC
Whose advice should Finance Minister Nirmala Sitharaman follow – RBI or Chief Economic Advisor?
Clipped from: https://www.businesstoday.in/current/economy-politics/whose-advice-should-finance-minister-nirmala-sitharaman-follow—rbi-or-chief-economic-advisor/story/431783.html The RBI working paper co-authored by RBI Deputy Governor Michael Debabrata Patra, who is also a member of the six-member monetary policy committee
Jet Airways’ revival plan is facing heavy headwinds. But the real turbulence will start once airborne. – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/transportation/jet-airways-revival-plan-is-facing-heavy-headwinds-but-the-real-turbulence-will-start-once-airborne-/primearticleshow/81096731.cms SynopsisDespite all the hurdles it faces, an airline with a cleaned-up balance sheet will be more attractive to foreign investors in the short-term
MSME credit up on Govt guarantee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-credit-up-on-govt-guarantee/articleshow/81102724.cmsSynopsis The highest year-on-year growth of 9% was seen in the category of small businesses with a loan exposure of between Rs 10 lakh
Smart ways to make your credit cards work for you – The Financial Express
Clipped from: https://www.financialexpress.com/money/smart-ways-to-make-your-credit-cards-work-for-you/2198009/ Many Indians are not aware if used correctly what an important financial tool credit card can be. Usually, a lot of people use
Start with smaller banks | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/start-with-smaller-banks-121021601461_1.html Govt must have a clear road map for PSB privatisation The government has reportedly shortlisted four mid-sized to small public sector banks (PSBs),
Banks under Directions: Govt, RBI working on allowing depositors withdraw up to ₹5 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-under-directions-govt-rbi-working-on-allowing-depositors-withdraw-up-to-5-lakh/article33868465.ece At present, when a bank is placed under Directions, deposit withdrawals are capped and it ranges from ₹1,000 to ₹1 lakh of the
Karnataka Bank reports Rs 34.16-crore fraud to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/view-why-indian-cos-should-put-their-reputations-at-stake/articleshow/81115693.cms Synopsis–By documenting and publicising the narratives around their legacies, companies are indirectly committing themselves to guard their reputation and heritage from getting tampered.
Supreme Court says banks must inform locker holders in writing before breaking them open – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/supreme-court-says-banks-must-inform-locker-holders-in-writing-before-breaking-them-open/articleshow/81112955.cmsSynopsis Breaking open a locker without following the legal procedure would be construed as gross negligence on the part of the bank, a top
Banks under Directions: Govt, RBI working on allowing depositors withdraw up to ₹5 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-under-directions-govt-rbi-working-on-allowing-depositors-withdraw-up-to-5-lakh/article33868465.ece At present, when a bank is placed under Directions, deposit withdrawals are capped and it ranges from ₹1,000 to ₹1 lakh of the
Small business lender U GRO Capital expands to unorganised micro businesses; to lend up to Rs 15 lakh – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/small-business-lender-u-gro-capital-expands-to-unorganised-micro-businesses-to-lend-up-to-rs-15-lakh/2197585/ Credit and Finance for MSMEs: U GRO also announced the expansion of its distribution network by adding 25 branches across Karnataka, Tamil Nadu,
Flipkart to help this state’s small businesses, artisans sell online; to offer incubation, training, more – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-flipkart-to-help-this-states-small-businesses-artisans-sell-online-to-offer-incubation-training-more/2197607/ Technology for MSMEs: Tamil Nadu had recently announced its MSME Policy 2021 and set a target to attract new investments worth Rs 2
Bank of Maharashtra partners with Vayana Network to offer help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bank-of-maharashtra-partners-with-vayana-network-to-offer-help-msmes/articleshow/81085569.cmsSynopsis Vayana Network connects corporates and their trade ecosystems to provide digital, convenient and affordable access to credit for their payables and receivables. PUNE:Bank
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