Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/go-for-a-bad-bank-not-an-amc/ The government is reportedly considering an asset management entity to facilitate transfer of non-performing assets (NPAs) from public sector banks (PSBs) to asset
Category: RBI–Banks
Gross NPAs of banks may rise to 10.1-10.6% by March 2021: Icra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/gross-npas-of-banks-may-rise-to-10-1-10-6-by-march-2021-icra/articleshow/79993030.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The report further said the loan restructuring requests are much lower than previously estimated, supported by sharper than expected improvement in economic activities
Break-even year for bleeding PSU banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/break-even-year-for-bleeding-psu-banks/articleshow/79986384.cmsSynopsis Given this setting, it may seem highly incongruous to expect NPAs in Indian banks to bottom out in the fourth quarter of 2020-21.
Cash flows, not ratings may decide loans in future: UCO Bank’’s Ajay Vyas – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/cash-flows-not-ratings-may-decide-loans-in-future-uco-banks-ajay-vyas/article33412983.ece Trend has already begun with SBI, says ED of UCO Bank. Moving on from ratings criteria for grant of loans, banks are likely
LOANS VIA APP: International cyber-crime gang busted by Warangal police
WARANGAL: The cybercrime unit of the Warangal Commissionerate and the Jangaon Police jointly busted a five-member international gang luring people with easy loans via instant
Solve the primary problem in the banking sector–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/solve-the-primary-problem-in-the-banking-sector/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond
Flashback 2020 | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/flashback-2020-120122700715_1.html Bankers have been talking about near-normalcy in collection of loan repayments and very few stressed borrowers going for loan restructuring. This gives us
Credit demand fails to pick up despite aggressive rate cuts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/credit-demand-fails-to-pick-up-despite-aggressive-rate-cuts/articleshow/79979474.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Besides 115 basis points reduction in the benchmark repo rate, the rate at which RBI lends to bank, the central bank has infused
2021: Banks brace for pandemic-hit corporates’ bad loan woes, muted credit growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/2021-banks-brace-for-pandemic-hit-corporates-bad-loan-woes-muted-credit-growth/articleshow/79975856.cmsSynopsis Muted private investment impacting the corporate loan growth will be another challenge that banks will have to face in the coming months. Despite
NPAs set to see a sharp jump this year amid Covid-19 pandemic: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/npas-set-to-see-a-sharp-jump-this-year-amid-covid-19-pandemic-experts-120122500886_1.html Of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, would turn into NPAs Experts, barring rating agencies, expect a sharp
Demand for retail and personal loans rebound – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/demand-for-retail-and-personal-loans-rebound/articleshow/79960737.cms Synopsis–According to the regulator’s analysis, demand for retail and personal loans was assessed to have posted the highest recovery. Mumbai: Banks are witnessing a sharp
Bad debt fear keeps private banks away from street vendor loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-debt-fear-keeps-private-banks-away-from-street-vendor-loans/articleshow/79963438.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last week, a branch manager of a leading state-run bank in Madhya Pradesh wrote to the municipal commissioner seeking “cooperation” as several of
Indian Bank reports Pratibha Group fraud for dues of ₹574.66 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-bank-reports-pratibha-group-fraud-for-dues-of-57466-crore/article33412834.ece Chennai-headquartered public sector Indian Bank has announced that it fully provided Non-Performing Accounts of two companies of Pratibha Group namely, Pratibha Industries and
Chinese national kingpin in instant loan app fraud – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/chinese-national-kingpin-in-instant-loan-app-fraud/article33418961.ece Call centre in Hyderabad raided A Singapore-based Chinese national is a mastermind behind the instant loan application fraud that lured several people in
Bounce rate of auto debit transactions remains high amid lenders’ claims of improved collection efficiencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/bounce-rate-of-auto-debit-transactions-remains-high-amid-lenders-claims-of-improved-collection-efficiencies/article33419696.ece?homepage=true Is there rising financial stress amongst small and retail borrowers after the end of the loan moratorium, despite banks and NBFCs reporting collection
Spot on, RBI, let us boost investment–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/spot-on-rbi-let-us-boost-investment/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The latest Reserve Bank of India (RBI) monthly
RBI unlikely to extend Dec 31 loan rejig deadline – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-unlikely-to-extend-dec-31-loan-rejig-deadline/articleshow/79934588.cmsSynopsis The governor on Wednesday concluded a two-day meeting with public sector and private sector banks, held through video conference. Days before banks closed
Banks will focus on cash flow-based lending in future: UCO Bank’s Ajay Vyas – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-will-focus-on-cash-flow-based-lending-in-future-uco-banks-ajay-vyas/articleshow/79938845.cmsSynopsis Various SBI officials have advocated for cash flow-based lending models over the traditional asset-based or ratings-based ones. In cash flow lending, a financial
Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-restructuring-other-measures-announced-by-govt-to-cushion-psbs-from-shock-dfs-secy/articleshow/79956391.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish
Timely warning from Reserve Bank of India – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/timely-warning-from-reserve-bank-of-india/2157179/ Some digi-lenders can be unscrupulous, so need to be cautious As useful and necessary it is to have an increasingly digitised lending environment,
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