Clipped from: https://www.deccanherald.com/business/union-budget/zombie-lending-forbearance-evergreening-economic-survey-talks-about-lending-perils-in-india-944845.html This commentary may be the result of the fact that RBI had to bail out two full-fledged private banks within a span of
Category: RBI–Banks
Bank of Baroda considers permanent work from home option–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bank-of-baroda-considers-permanent-work-from-home-option/story/429352.html?ref=taboola The bank has also appointed management consultancy firm McKinsey & Co to help implement a strategy for a post-Covid world Representational Image (Photo-PTI)
Economic survey makes case for another bank balance sheet clean-up | Deccan Herald
Clipped from: https://www.deccanherald.com/business/economic-survey-makes-case-for-another-bank-balance-sheet-clean-up-944876.html The survey is also critical of the fact that the 2015 balance sheet did not reveal the extent of evergreening of loans by
RBI cancels licence of Kolhapur-based Shivam Sahakari Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cancels-licence-of-kolhapur-based-shivam-sahakari-bank/articleshow/80588883.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Shivam Sahakari Bank as per the
TReDS: TReDs was touted as the tool to tackle delayed payments to MSMEs. Did it succeed? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/treds-was-touted-as-the-tool-to-tackle-delayed-payments-to-msmes-did-it-succeed/articleshow/80551986.cms Synopsis–TReDS was supposed to be a game changer-a platform that could sort out the issue of delayed payments for MSMEs. Almost five years
YES Bank, LVB events show RBI did not identify ‘evergreening’, shows Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-lvb-events-show-rbi-did-not-identify-evergreening-shows-eco-survey/articleshow/80586474.cmsSynopsis The economic survey went on to add the audits conducted by the RBI failed to capture the evergreening at Yes Bank and LVB.
Axis Bank Q3 net profit down 36% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/axis-bank-q3-net-profit-down-36/article33676489.ece?homepage=true Private sector lender Axis Bank reported a 36.4 per cent drop in net profit in the third quarter of this fiscal despite a
Bank of Baroda reports ₹1,061 cr profit in Q3 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-reports-1061-cr-profit-in-q3/article33675747.ece?homepage=true A 69% decline in bad loans provisioning and a 55% increase in trading gains helped boost the bottom line. Bank of Baroda (BoB) reported
Time to strengthen digital banking – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/time-to-strengthen-digital-banking/article33667540.ece Making the NEFT system foolproof, ensuring customers of merged banks are not deprived of digital services, and mandating OTP for even cash withdrawals
Budget Byte: Banks’ non-performing assets likely to bulge in 2021 | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/budget-byte-banks-non-performing-assets-likely-to-bulge-in-2021-121012601093_1.html This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1 MSMEs bear the
Aadhaar Enabled Payments: Taking banking services to the doorsteps of the underserved – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/aadhaar-enabled-payments-taking-banking-services-to-the-doorsteps-of-the-underserved/2179343/ India Post Payments Bank enables cash withdrawal of over Rs 7,000 crore with Aadhaar Enabled Payment System Solution powered by FSS Technologies New
‘We have not sold a single loan to any ARC’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-have-not-sold-a-single-loan-to-any-arc/article33655419.ece YES Bank MD and CEO says bank will work on plans to expand branch network The turnaround for YES Bank has been much
PMC Bank revival: Phased deposit withdrawal likely for customers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pmc-bank-revival-phased-deposit-withdrawal-likely-for-customers/article33656374.ece Potential investors include the Centrum Group-BharatPe combine and the UK-based Liberty Group Harried depositors of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank
Auto MSMEs cornered 91% of loans amid Covid; NPA share declined across borrower segments – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-auto-msmes-cornered-91-of-loans-amid-covid-npa-share-declined-across-borrower-segments/2178285/ Credit and Finance for MSMEs: Within the top clusters of Mumbai-Pune, Delhi-Gurugram-Faridabad, Chennai, Bengaluru, Jamshedpur-Kolkata, Ludhiana-Jalandhar, Sanand, and Pithampur, the credit availed by
Harassment in fintech loan recovery: Why onus is on borrowers too–business today
Clipped from: https://www.businesstoday.in/money/banking/harassment-in-fintech-loan-recovery-why-onus-is-on-borrowers-too/story/428547.html Fintech platforms might be taking borrowers for a ride, but onus is on the borrowers too – take loan with an intent to
Rashesh Shah Interview: ‘Govt spending actually helps middle & lower class, so fiscal stimulus is more important’ | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/govt-spending-actually-helps-middle-lower-class-so-fiscal-stimulus-is-more-important-7160347/ Even though the government did not spend much money, it has bounced back very well. The Sensex has seen a sharp rally to
Rana Kapoor | PMLA case: HC refuses bail to Yes Bank founder Rana Kapoor–the economic times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pmla-case-hc-refuses-bail-to-yes-bank-founder-rana-kapoor/articleshow/80447533.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The central agency is conducting an investigation against Kapoor, his wife, and their three daughters over a sum of Rs 600 crore received
RBI exploring need for crypto currency as digital payments rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-exploring-need-for-crypto-currency-as-digital-payments-rise/articleshow/80452408.cmsSynopsis “Private digital currencies (PDCs) / virtual currencies (VCs) / crypto currencies (CCs) have gained popularity in recent years. In India, the regulators and
Large stressed book rekindle concerns over YES Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/large-stressed-book-rekindle-concerns-over-yes-bank/articleshow/80451878.cms Synopsis–Macquarie analyst Suresh Ganapathy pointed out that total stressed loans and loans overdue for more than 30 days stand at Rs 28,000, or
After the storm: The Hindu Editorial on tightening scrutiny of large NBFCs – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/after-the-storm-the-hindu-editorial-on-tightening-scrutiny-of-large-nbfcs/article33651448.ece The RBI’s plan to tighten scrutiny of large NBFCs is critical for financial stability The RBI has proposed a significant shift in its regulatory
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