Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/ajay-piramal-wins-the-most-contested-bankruptcy-bid-for-dewan-housing-finance-ltd/articleshow/80289989.cmsSynopsis Piramal’s bid received about 94 percent of votes of the creditors, followed by Oaktree at 45 percent, sources told ET. Adani Capital obtained
Category: RBI–Banks
Bad bank should have been set up 3-4 years back, not now: Kotak Securities report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bad-bank-should-have-been-set-up-3-4-years-back-not-now-kotak-securities-report/article33574483.ece Would have been useful just after AQR or earlier when stress was building up and banks were looking to delay bad debt recognition
ICICI Bank ties up with Niyo to issue prepaid cards to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-ties-up-with-niyo-to-issue-prepaid-cards-to-msmes/articleshow/80266108.cmsSynopsis The ‘ICICI Bank Niyo Bharat Payroll Card’ allows an individual to receive funds upto Rs 1 lakh into the card account. MUMBAI: ICICI Bank and fintech company Niyo on
RBI’s FSDC panel reviews insolvency resolution under IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbis-fsdc-panel-reviews-insolvency-resolution-under-ibc/article33570381.ece The Sub-Committee, chaired by Governor Shaktikanta Das, also discussed changes in the regulatory framework relating to Alternative Investment Funds (AIFs) set up in
Red flag – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/red-flag/article33570131.ece The Centre must take pre-emptive steps to avoid the possibly perilous situation on NPAs Lending institutions will need to play a key role
RBI sets up panel to suggest measures for promoting digital lending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-sets-up-panel-to-suggest-measures-for-promoting-digital-lending/articleshow/80253248.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The working group, chaired by RBI Executive Director Jayant Kumar Dash, will consist of both internal and external members, and submit its report
Indian Banks to be resilient even if there is a 15% run on deposits: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-banks-to-be-resilient-even-if-there-is-a-15-run-on-deposits-rbi-report/articleshow/80253366.cmsSynopsis A sensitivity analysis of the liquidity risks by the central bank shows that Indian banks could be resilient even if there is sudden
RBI and the art of managing conflicts amid Das’ easy monetary policies for 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rbi-and-the-art-of-managing-conflicts-amid-das-easy-monetary-policies-for-2021/articleshow/80250117.cmsSynopsis The phrase ‘stretched valuations of financial assets’ is euphemism for ‘asset price bubbles’ because no central banker can afford to utter the `B’
RBI’s red flag | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-red-flag-121011101614_1.html Recognition of NPAs in PSBs must be swift The Reserve Bank of India (RBI) on Monday released its latest Financial Stability Report. In his foreword,
RBI: Banks gross NPA may rise to 13.5 pc by Sep 2021: RBI FSR – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-gross-npa-may-rise-to-13-5-pc-by-sep-2021-rbi-fsr/articleshow/80216967.cmsSynopsis If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said. Mumbai:
Bad debt: Budget set to remodel ARCs – The Financial Express
Clipped from: https://www.financialexpress.com/budget/bad-debt-budget-set-to-remodel-arcs/2168333/ Earlier this fiscal, chief economic adviser Krishnamurthy V Subramanian had told FE that several “important considerations need to be kept in mind” while
Why credit cards could be your best friend during challenging times – The Financial Express
Clipped from: https://www.financialexpress.com/money/why-credit-cards-could-be-your-best-friend-during-challenging-times/2167571/ Smart use of credit cards could help us in multiple ways, especially during challenging times. Here’s a look at some of them. Credit
CBI books Hyderabad-based Coastal Projects Ltd in connection with Rs 4,736 crore bank fraud – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-books-hyderabad-based-coastal-projects-ltd-in-connection-with-rs-4736-crore-bank-fraud/articleshow/80187680.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The complaint from the SBI, now a part of the FIR, has alleged that the accused construction company, during the five year period
Banking’s game of pretend: It’s time we recognised the fate of govt banks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/banking-s-game-of-pretend-it-s-time-we-recognised-the-fate-of-govt-banks-121010801185_1.html The only feasible way to have a healthy banking sector could be making it mostly private, along with two or three large, better-run
Loans to bottom of pyramid pick up, but repayments still a concern – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/loans-to-bottom-of-pyramid-pick-up-but-repayments-still-a-concern/articleshow/80170643.cmsSynopsis As the loan moratorium period came to a close in August 2020, early delinquencies by value risky portfolio which were upto 30 days
RBI to banks: Ensure authority, stature, independence, resources to internal audit function – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-banks-ensure-authority-stature-independence-resources-to-internal-audit-function/article33526025.ece Forbids outsourcing the function; however, experts, including former staff, can be hired on contract The Reserve Bank of India (RBI) has asked banks
‘Will strive for malleable regulatory framework’ – The Hindu
Clipped from: https://www.thehindu.com/business/will-strive-for-malleable-regulatory-framework/article33474916.ece ‘IBBI to adapt to changing scenario’ The Insolvency and Bankruptcy Board of India (IBBI) has adapted itself to the new environment in the
The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter? – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/fruits-of-incitement-the-hindu-editorial-on-the-trump-incited-mob-attack-on-us-capitol/article33523021.ece After the Capitol breach, the task of building bipartisan consensus is that much harder If the history of nations is replete with ironies,
Serious Fraud Investigation Office: A panacea for corporate frauds – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/serious-fraud-investigation-office-a-panacea-for-corporate-frauds/2165817/ In view of the burgeoning cases of corporate fraud, it is imperative to arm the Serious Fraud Investigation Office with sufficient teeth By
‘ARCs could get into fee-based resolutions from here on’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/arcs-could-get-into-fee-based-resolutions-from-here-on/2166624/ Asset reconstruction companies (ARCs) could consider going for fee-based resolutions of assets without buying them from banks, RK Bansal, MD & CEO, Edelweiss
aniltikotekar4sme.com 