Clipped from: https://www.thehindubusinessline.com/opinion/micro-loans-to-women-improve-livelihoods/article33835979.ece Also, the default rate on Deendayal Antyodaya Yojana loans is just 2%, which is much lower than on corporate loans A silent revolution
Category: RBI–Banks
IBBI arm seeks e-platform for stressed asset sale – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ibbi-arm-seeks-e-platform-for-stressed-asset-sale/article33838494.ece The research wing of Insolvency and Bankruptcy Board of India has suggested an online platform for sale of stressed assets to bring in
Four banks shortlisted for potential privatisation | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/four-banks-shortlisted-for-potential-privatisation-951510.html The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India The
Too many questions on bad bank and infra DFI | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/too-many-questions-on-bad-bank-and-infra-dfi-121021400862_1.html Why do we need a bad bank, owned by the banks themselves, when there are at least 28 ARCs around? The headache over
PM Modi’s 59-minute MSME loan approval: 2.23 lakh applications sanctioned by PSBs; 93% disbursed so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-pm-modis-59-minute-msme-loan-approval-2-23-lakh-applications-sanctioned-by-psbs-93-disbursed-so-far/2195158/ Credit and Finance for MSMEs: MSMEs are required to share GST identification number, IT returns, six-month bank statements, and owner’s details to apply
Top NBFCs seek a glide path for switch to banking avatar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/top-nbfcs-seek-a-glide-path-for-switch-to-banking-avatar/articleshow/80916439.cms Synopsis–Non-bank have also argued that NBFCs in the upper level be given greater flexibility on issues like deposit acceptance, raising of funds through
Nine months since launch, Modi govt’s MSME grievance redressal portal Champions resolves this many cases – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nine-months-since-launch-modi-govts-msme-grievance-redressal-portal-champions-resolves-this-many-cases/2194784/ Ease of Doing Business for MSMEs: The portal allowed MSME associations, units, employees, and aspiring entrepreneurs, etc. to file complaints, share suggestions or
How trustworthy are the bad loan numbers of banks? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/how-trustworthy-are-the-bad-loan-numbers-of-banks-950994.html Outside the Eco-Chamber Vivek Kaul In its Financial Stability Report (FSR) of January, the Reserve Bank of India (RBI) had said that by
Rebooting Economy 67: Set the record straight before setting up a Bad Bank–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy-67-set-the-record-straight-before-setting-up-a-bad-bank/story/431212.html India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in
NPAs to be nebulous owing forbearance dispensations, restructuring schemes: CARE – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-to-be-nebulous-owing-forbearance-dispensations-restructuring-schemes-care/article33827877.ece?homepage=true Non-performing assets (NPAs) of Banks this year would tend to be a bit nebulous due to the various forbearance dispensations that have been
Loan recovery: Ministry gives more power in the hands of NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-recovery-ministry-gives-more-power-in-the-hands-of-nbfcs/article33831409.ece?homepage=true NBFCs allowed to use SARFAESI law for minimum loan size of Rs 20 lakh The Finance Ministry has operationalised a budget announcement that
‘Bad bank’ idea: Govt guarantee for ARC paper likely | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/npas-bad-bank-arc-paper-bad-loan-budget-7186433/ The ARC, according to government officials, is likely to take over Rs 2-2.5 lakh crore of stressed assets that remain unresolved in around
What are pro forma NPAs and how does that impact borrowers? | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/decoded-what-are-pro-forma-npas-and-how-does-that-impact-borrowers-121021201934_1.html An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower
Bank privatisation debate: Here’s how the doyens see it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-privatisation-debate-heres-how-the-doyens-see-it/articleshow/80877074.cms SynopsisPunjab National Bank chief executive SS Mallikarjuna Rao mentioned the massive role of public sector banks in infrastructure financing. “The finance minister announces
Don’t blame bureaucrats for stalling privatisation: Subhash Chandra Garg – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/if-there-is-clarity-of-decision-at-highest-level-then-privatisation-will-take-place-subhash-chandra-garg/articleshow/80876542.cmsSECTIONSDon’t blame bureaucrats for stalling privatisation: Subhash Chandra GargLast Updated: Feb 12, 2021, 02:55 PM ISTSynopsis I am convinced that if the privatisation policy
NPA crisis: India’s plan to set up a bad bank to resolve NPA crisis is riddled with problems – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-indias-plan-to-set-up-a-bad-bank-to-resolve-npa-crisis-is-riddled-with-problems/articleshow/80867842.cms SynopsisHere are some basics about bad banks. Commercial banks transfer their bad loans to a newly formed entity — a non-deposit-taking ARC, or
Need to do more: Bid to resolve Rs 5-lakh crore pain point for MSMEs sees tardy progress – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/need-to-do-more-bid-to-resolve-rs-5-lakh-crore-pain-point-for-msmes-sees-tardy-progress/articleshow/80824807.cms Synopsis–Costs for MSMEs to do business is rising in all sorts of ways. Unpaid dues are central to their woes. For the financially
Time to expand the role of cat bonds–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/time-to-expand-the-role-of-cat-bonds/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The budget announcement raising the foreign direct investment
Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur–business today
Clipped from: https://www.businesstoday.in/current/corporate/cryptocurrencies-are-neither-currency-nor-commodity-will-bring-bill-soon-anurag-thakur/story/430725.html Thakur says existing laws are inadequate to deal with issue of digital currencies, which is why Centre has formed an inter-ministerial panel, and
Will RBI take backdoor entry into digital currency? | Deccan Herald
Clipped from: https://www.deccanherald.com/business/will-rbi-take-backdoor-entry-into-digital-currency-949622.html The rise of cryptocurrencies and Facebook Inc.’s Libra initiative, now known as Diem, have made authorities sit up and take note By Andy
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