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
Category: RBI–Banks
‘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
Banking disclosure: Playing Jekyll and Hyde: Some banks are not disclosing their overdue-loans data, and that is a worry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/playing-jekyll-and-hyde-some-banks-are-not-disclosing-their-overdue-loans-data-and-that-is-a-worry/primearticleshow/80796450.cms SynopsisThough the business between a customer and a bank is transactional, many customer-first banks like to treat it as a relationship. What happens
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy66-is-india-facing-credit-deprivation-to-warrant-corporation-banks/story/430868.html RBI’s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses
Inflation: India inflation staying above 6% seen as risk to rates path – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/india-inflation-staying-above-6-seen-as-risk-to-rates-path/articleshow/80846143.cmsSynopsis Any rate hike proposed as a remedy risks snuffing out a nascent recovery in Asia’s third-largest economy, the person said. India’s central bank
Bad bank to deepen IBC use; special insolvency framework for MSMEs in the works: IBBI chairman Sahoo – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bad-bank-to-deepen-ibc-use-special-insolvency-framework-for-msmes-in-the-works-ibbi-chairman-sahoo/2191058/ MS Sahoo, the chief of the insolvency regulator IBBI, explains why the Budget proposals for a special insolvency framework for MSMEs as well
Yes Bank CEO says foreign firms keen to invest in proposed asset reconstruction arm – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-ceo-says-foreign-firms-keen-to-invest-in-proposed-asset-reconstruction-arm/articleshow/80784930.cmsSynopsis “There has been lot of interest from foreign investors for our ARC business. We are likely to put in initial capital of 10
Adar Poonawalla to own Magma FinCorp via equity infusion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adar-poonawalla-to-own-magma-fincorp-via-equity-infusion/articleshow/80791361.cmsSynopsis The preferential allotment is for an aggregate value of Rs. 3,456 crores, subject to shareholders’ and other regulatory approvals, the company said. Adar
NeoGrowth Credit launches Vendor Finance Express for SMEs — SME–The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/neogrowth-credit-launches-vendor-finance-express-for-smes/articleshow/80781609.cmsSynopsis The product is document light with no demand for invoices as part of documentation hence, making the application process hassle free for the
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
Return of DFIs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/return-of-dfis/article33794397.ece?homepage=true Setting up a development financial institution is a good idea, but past errors should be avoided The Centre is banking on long-term infrastructure
Old wine, new bottle | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/old-wine-new-bottle-121020901964_1.html New DFI should not just be a bailout of the old One of the important announcements in this year’s Union Budget was the
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