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
Category: RBI–Banks
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
CEA to bankers: If you want books in order then let your ‘karma’ be driven by your ‘dharma’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cea-to-bankers-if-you-want-books-in-order-then-let-your-karma-be-driven-by-your-dharma/2191482/ CEA Krishnamurthy V Subramanian was delivering the 11th R K Talwar memorial lecture organised by the Indian Institute of Banking and Finance. It
Pro forma gross NPAs of 17 banks estimated to be Rs 7 lakh crore – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/pro-forma-gross-npas-of-17-banks-estimated-to-be-rs-7-lakh-crore/2191468/ This implies Rs 1.04 lakh crore of bad loans in the system, which is yet to be recognised by the banks. The apex
Why SBI share rose 42% in seven sessions- -business today
Clipped from: https://www.businesstoday.in/markets/company-stock/why-sbi-share-rose-42-in-seven-sessions/story/430750.html Today, SBI shares traded 1.66% higher at the day’s high of Rs 403.45 against the last close of Rs 396.85. SBI stock opened
Rebooting Economy 65: IBC has failed; will a bad bank succeed?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy-65-ibc-has-failed-will-a-bad-bank-succeed/story/430537.html At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
What is a National Bad Bank and how it will work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/what-is-a-national-bad-bank-and-how-it-will-work/articleshow/80757961.cms SynopsisBankers estimate the new ARC will require a capital of at least Rs 15,000 crore as that could enable it to buy bad
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
Top 100 wilful defaulters owe lenders Rs 84,632 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/top-100-wilful-defaulters-owe-lenders-rs-84632-crore/articleshow/80753675.cmsSynopsis While banks wrote off nearly three-fourth of it to clean their balance sheet and get tax benefits, the default borrowers continue to appear
Service complaints by bank customers rise 57 pc to over 3 lakh: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/service-complaints-by-bank-customers-rise-57-pc-to-over-3-lakh-rbi-report/articleshow/80754191.cmsSynopsis The number of complaints pertaining to ‘Direct Sales Agent (DSA) and recovery agents’ increased from 629 complaints in 2018-19 to 1,406 this year,
Privatisation: Selling a house bank – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/privatisation-selling-a-house-bank/2190707/ The issue of sale price has been largely ignored in post-Budget market euphoria By Ashish Kapur & Vineet AgarwalDuring the pandemic-induced lockdown when
Can RBI fix flaws in NEFT? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/can-rbi-fix-flaws-in-neft-947238.html RBI has taken proactive actions to ensure safe transactions for the general public In spite of the myriad of options for digital transactions
The Insolvency and Bankruptcy Code allows the market to make the most efficient choice–MS SAHOO WRITES: –indian express
Clipped from: https://indianexpress.com/article/opinion/columns/insolvency-and-bankruptcy-code-corporate-debt-resolution-process-7178980/ Liquidation or rescue is an outcome of the market forces; the law is only an enabler giving choices and nudging a company towards
