Clipped from: https://www.financialexpress.com/economy/proposed-arc-to-be-adequately-capitalised-says-cea/2188138/ Moreover, since the ARC-AMC will be a private entity, the decision-making is expected to be swift, as its proposals need not be vetted
Category: RBI–Banks
Shot in the arm for banking reform–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/shot-in-the-arm-for-banking-reform/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The budget proposals to strengthen public sector banks
wilful defaulters: Banks wrote off Rs 62,000 cr loans of top 100 wilful defaulters as of March 20: RBI tells RTI activist – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-wrote-off-rs-62000-cr-loans-of-top-100-wilful-defaulters-as-of-march-20-rbi-tells-rti-activist/articleshow/80691379.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Data the Reserve Bank of India shared with Right to Information Act activist Biswanath Goswami showed that Mehul Choksi-owned Gitanjali Gems was the
SBI asset quality surprises on positive side – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/sbi-asset-quality-surprises-on-positive-side/articleshow/80689573.cmsSECTIONSQ3 result: SBI asset quality surprises on positive sideLast Updated: Feb 04, 2021, 06:10 PM IST SBI will unlock value from general insurance and
Budget 2021 shows govt is set for a fiscal push. Baton has once again passed to the RBI–SOUMYA KANTI JOSHI –indian express
Clipped from: https://indianexpress.com/article/opinion/columns/union-budget-2021-gdp-economy-7173494/ Fortunately, the RBI and government have worked in perfect harmony during the pandemic. The Union Budget for FY22 is a budget to consolidate
Millions of defaults threaten microfinance’s future in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/millions-of-defaults-threaten-microfinances-future-in-india/articleshow/80682643.cmsSynopsis Borrowers around the world have been hit hard but perhaps nowhere more so than in India. It’s the global leader in microfinance, the
Few mid, emerging corporates opt for RBI’s one-time restructuring: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/few-mid-emerging-corporates-opt-for-rbis-one-time-restructuring-report/articleshow/80669035.cmsSynopsis India Ratings and Research said only 5 per cent of its rated 450 issuers in the mid and emerging corporates (MEC) space had
Sitharaman’s bad bank plan sparks concern loan prices could be inflated – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sitharamans-bad-bank-plan-sparks-concern-loan-prices-could-be-inflated/articleshow/80662384.cmsSynopsis There are many details about the bad bank that policy makers haven’t clarified, including its ownership structure, which makes any analysis challenging. But
Decoding the fine print of Nirmala Sitharaman’s ‘no harm’ Budget – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-2021-key-highlights/articleshow/80621984.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The FM’s third Budget tackles the considerable wishlist of industries and consumers that were impaired by the Covid-19 pandemic, while acknowledging the spending
Two PSBs, one insurance firm to be privatised – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/two-psbs-one-insurance-firm-to-be-privatised/article33718712.ece The government is planning to set the ball rolling on privatisation of two public sector banks (PSBs) and a general insurance company in
FM proposes ARC to tide over NPAs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fm-proposes-bad-bank-to-tide-over-npas/article33718524.ece Finance Minister Nirmala Sitharaman’s proposal for stressed asset resolution through the setting up of an asset reconstruction company and asset management company is
‘Cost of financing in the economy likely to go up’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cost-of-financing-in-the-economy-likely-to-go-up/article33719460.ece Cost of financing in the economy could go up as the government’s gross borrowing programme at ₹12-lakh crore in FY2022 is higher than
RBI gives banks three more months to appoint Chief Compliance Officer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-gives-banks-three-more-months-to-appoint-chief-compliance-officer/article33732320.ece The Reserve Bank of India (RBI) has given banks three more months to appoint Chief Compliance Officer (CCO) as per the guidelines it
Budget proposes tax neutral benefit for conversion of UCBs into banking company – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/budget-proposes-tax-neutral-benefit-for-conversion-of-ucbs-into-banking-company/article33739017.ece Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman× The RBI had in 2018 permitted voluntary transition of primary coop banks into small finance
RBI issues guidelines on risk-based internal audit for NBFCs, UCBs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-issues-guidelines-on-risk-based-internal-audit-for-nbfcs-ucbs/article33738044.ece?homepage=true The Reserve Bank of India (RBI) on Tuesday issued guidelines on risk-based internal audit (RBIA) framework for Non-Banking Financial Companies (NBFCs) and Primary
The curious case of rising bank frauds | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/the-curious-case-of-rising-bank-frauds-944528.html RBI must create a new route map for banking supervision that is accountable to both the State and the taxpayer Representative image/Credit: Pixabay
Alacrity in structure a must for takeover of bad loans: Mehta of Yes Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/alacrity-in-structure-a-must-for-takeover-of-bad-loans-mehta-of-yes-bank-121020201851_1.html Urges three-pillared base consisting of ARCs, AMCs and AIFs to attract investors into this space, without which process could lose credibility Illustration: Ajay
India’s bad bank plan sparks concern loan prices could be inflated | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/india-s-bad-bank-plan-sparks-concern-loan-prices-could-be-inflated-121020300274_1.html There are many details about the bad bank that policy makers haven’t clarified, including its ownership structure, which makes any analysis challenging India’s
3 PSU banks likely to be out of PCA framework by March: DFS Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/3-psu-banks-likely-to-be-out-of-pca-framework-by-march-dfs-secretary/articleshow/80653126.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework which puts several restrictions on them, including on
MSME sector: Budget 2021: Left to survive on their own, lament MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2021-left-to-survive-on-their-own-laments-msmes/articleshow/80661511.cms Synopsis–Finance Minister Nirmala Sitharaman’s measures to give a leg up to the MSME sector in the Budget have left the fraternity largely unimpressed.
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