Clipped from: https://www.deccanherald.com/business/the-npa-decade-events-that-changed-the-face-of-banking-sector-934899.html Warning bells were ringing Phone banking assumed a different connotation in the early part of the last decade. It referred to phone calls
Category: RBI–Banks
MSME: New-age lenders can be the solution to the credit chasm for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/new-age-lenders-can-be-the-solution-to-the-credit-chasm-for-msmes/articleshow/80148203.cmsSynopsis The conventional distribution model of traditional lenders has always been tilted towards the urban areas and focuses on larger ticket sizes. The solution
Bad bank is a good idea, but India’s debt-laden banks need a better plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-bad-bank-is-a-good-idea-but-indias-debt-laden-banks-need-a-better-plan/articleshow/80158557.cmsSynopsis How does one make bad loans seamlessly move from banks to investors who love dealing in junk? How does one make such deals
U GRO Capital seeks patent for its scorecard based underwriting model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/u-gro-capital-seeks-patent-for-its-scorecard-based-underwriting-model/articleshow/80129448.cmsSynopsis The scorecards for assessment at various stages have been developed in consultations with CRIF and CRISIL market experts. U GRO Capital has announced that
Stock Market: Be cautious on financial companies going into Q4 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/be-cautious-on-financial-companies-going-into-q4/articleshow/80136904.cmsSECTIONSBe cautious on financial companies going into Q4Last Updated: Jan 06, 2021, 07:29 PM ISTSynopsis Among financials, we will restrict ourselves to gold financiers
Band aid for banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/band-aid-for-banks/article33513322.ece Instead of ad hoc steps, the Centre needs to push long-term reforms in public sector banks The Centre’s recent announcement of a modified
RBI | inflation: Reserve Bank of India to be on a long-pause in rates on sticky non-food inflation: Report
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/reserve-bank-of-india-to-be-on-a-long-pause-in-rates-on-sticky-non-food-inflation-report/articleshow/80134368.cmsSynopsis It can be noted that the high inflation driven by the food prices has forced the RBI to go for a status quo
RBI fines Bajaj Finance Rs 2.5 crore for recovery agent harassment | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-fines-bajaj-finance-rs-2-5-crore-for-recovery-agent-harassment-121010501179_1.html Central bank says firm violated a specific direction to ensure full compliance with fair practices code in letter and spirit The Reserve Bank
I&B: Has suspension of IBC proceedings achieved its desired goal? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/has-suspension-of-ibc-proceedings-achieved-its-desired-goal/articleshow/80109902.cmsSynopsis When the suspension was proposed in June 2020, no one expected that the pandemic would last for such a long period, and therefore
Below the line: Quite amusing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/below-the-line/article33487201.ece Quite amusing Wadhawan has been on a letter-writing spree and had even made his settlement proposal to the DHFL administrator for getting back
BOB WhatsApp Banking: Bank of Baroda launches WhatsApp banking services – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-baroda-launches-whatsapp-banking-services/articleshow/80096778.cmsSynopsis The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card and information on
Supreme Court: Billions of dollars at stake for India banks in 2021 court cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/billions-of-dollars-at-stake-for-india-banks-in-2021-court-cases/articleshow/80090018.cmsSynopsis The legal tussles pit India’s lenders, central bank and government against corporate borrowers struggling to survive amid lockdowns prompted by Covid-19. Indian courts
Is YES Bank’s turnaround story complete? Prashant Kumar answers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/is-the-yes-bank-turnaround-story-complete-prashant-kumar-answers/articleshow/80094928.cmsSECTIONSIs YES Bank’s turnaround story complete? Prashant Kumar answersLast Updated: Jan 04, 2021, 04:02 PM ISTSynopsis In the first two quarters, we could recover
Nitin Gadkari: Root cause of the problem is surplus foodgrains and higher MSP than the market price | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/nitin-gadkari-coronavirus-lockdown-farmers-bill-protests-electric-vehicles-tesla-plant-india-7131732/ As the country eased out of multiple lockdowns last year, the Minister was at centre of the govt’s revival plans to breathe life
ED starts probe in loans app case, may look for money trail abroad | India News – Times of India
Clipped from: https://timesofindia.indiatimes.com/india/ed-starts-probe-in-loans-app-case-may-look-for-money-trail-abroad/articleshow/80088655.cms HYDERABAD: The Enforcement Directorate on Sunday said that it has filed a money laundering case on the basis of FIRs registered by police
Why RBI tightened current account norms? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/why-rbi-tightened-current-account-norms/article33487890.ece?homepage=true But the new norms which came into effect from December 15, 2020 (earlier deadline of November 5 was extended) have presented banks and
Modi’s challenge in 2021 will be to revive an economy which has slipped into deep recession – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inside-track-modis-challenge-in-2021-will-be-to-revive-an-economy-which-has-slipped-into-deep-recession/2162928/ The economy may have hit an all-time low and unemployment and inflation a new high, but Modi, with his hirsute sanyasi-like looks and
Lendingkart to launch ‘credit intelligence services’ for banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/lendingkart-to-launch-credit-intelligence-services-for-banks/article33481760.ece Lendingkart, a digital lending fintech start-up in working capital space, plans to launch ‘credit intelligence services’ for banks from April, helping them evaluate
Two Chinese among 4 arrested by Chennai police for running instant loan app – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/two-chinese-among-4-arrested-by-chennai-police-for-running-instant-loan-app/2163011/ The investigation, based on a complaint here, revealed the prime accused to be operating from China Two Chinese and as many Indian nationals
CCPA seeks RBI intervention on banks delaying refund in case of failed transactions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/ccpa-seeks-rbi-intervention-on-banks-delaying-refund-in-case-of-failed-transactions/articleshow/80057593.cmsSynopsis In a letter to RBI Deputy Governor M K Jain, the Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare stated that 2,850
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