Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/deposits-for-public-sector-banks-surge-amid-pandemic-stress/articleshow/80028940.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Term deposits – contributing almost 60% of total deposits – moderated, reflecting the easing of interest rates and the lure of returns on
Category: RBI–Banks
CBI files case against IVRCL for Rs 5,000 crore loan fraud–Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cbi-files-case-against-ivrcl-for-rs-5000-crore-loan-fraud/story/426516.html The company allegedly availed various credit limits from a consortium of banks, led by State Bank of India and cheated the banks, without
Honey, I shrunk Indian banking! Sector tastes degrowth in 2020–Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/indian-banking-industry-2019-20-npas-bad-loans-borrowings-asset-quality/story/426466.html Indian Banking Sector 2019-20: The credit off-take from the industry declined marginally while agri, services and retail were in positive territory in 2019-20
LTV curbs on gold loans don’t help – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ltv-curbs-on-gold-loans-dont-help/article33456217.ece All that glitters Gold loans call for robust, tailor-made risk management practices in place – Getty Images/iStockphoto All that glitters Gold loans call
Govt’s steps to ease NBFC liquidity crisis too short-term: Fitch report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-s-steps-to-ease-nbfc-liquidity-crisis-too-short-term-fitch-report-119072500767_1.html The report, however, said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their capacity to
Short-cut on bank recap | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/short-cut-on-bank-recap-120123001424_1.html P&SB’s zero-coupon bonds violate prudent accounting practices The government’s move to issue Rs 5,500 crore in zero-coupon bonds towards the recapitalisation of Punjab
Non-performing assets recovered via IBC rise 61% in 2019-20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/non-performing-assets-recovered-via-ibc-rise-61-in-2019-20/article33447464.ece IBC, under which recovery is incidental to rescue of companies, remained the dominant mode of recovery, according to RBI’s “Report on Trend and
IBC emerges as major mode of NPA recovery in 2019-20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ibc-emerges-as-major-mode-of-npa-recovery-in-2019-20/article33447977.ece Of the total amount of ₹ 1,72,565 crore recovered, IBC route accounted for ₹ 1,05,773 crore Non-performing assets (NPAs) recovered by scheduled commercial banks through the Insolvency
Over 40% of borrowers availed loan moratorium benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/covid-19-over-40-of-borrowers-availed-loan-moratorium-benefit/article33446903.ece The moratorium distribution sought in MSME loans indicates that urban co-operative banks bore the brunt of incipient stress. Customers accounting for 40.43 per
Rollback of policy support can impact health of banks: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rollback-of-policy-support-can-impact-health-of-banks-rbi/article33447487.ece?homepage=true The Reserve Bank of India has warned that as policy support is rolled back, the impact of the Covid-19 pandemic can make a
In search of a new fiscal road map | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/in-search-of-a-new-fiscal-road-map-120122901402_1.html Budget 2021 must overhaul the existing FRBM Act to set feasible targets on deficit and debt Taxation and spending outlays usually become key
Yes, it’s not broken | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/yes-it-s-not-broken-120122901390_1.html Govt and RBI should fix potential policy risks to inflation The government is reportedly planning to loosen the inflation tolerance band for the Reserve Bank of
Bank asset quality may see sharp deterioration post-moratorium: RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/expect-sharp-drop-in-asset-quality-after-covid-accommodation-withdraws-rbi-120122901171_1.html Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies
MSME: Government looking at new plans, laws to solve MSME receivables issue: Gadkari
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/government-looking-at-new-plans-laws-to-solve-msme-receivables-issue-gadkari/articleshow/80003881.cmsSynopsis As part of the Aatmanirbhar Bharat package announced in May, MSME dues from central government agencies and CPSEs should have been paid in
Duvvuri Subbarao: Post Covid-19, India can bet on 3 positives for economic revival: Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/post-covid-19-india-can-bet-on-3-positives-for-economic-revival-subbarao/articleshow/80008840.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The challenge for the government in the months and years ahead is clear: to put the economy back on a healthy growth trajectory
Loan restructuring requests much lower than estimated: Analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-restructuring-requests-much-lower-than-estimated-analysts/articleshow/80012185.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Analysts are also forecasting lower credit provisions and better profitability for banks in the next fiscal year starting April 1, on the back
Profitability of NBFCs may be impacted due to loan impairment, low demand: RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/profitability-of-nbfcs-may-be-impacted-due-to-loan-impairment-low-demand-rbi/articleshow/80012924.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The stronger and the deposit-taking NBFCs may however fare better as many have reported strong revival in disbursements and collections, almost to pre-COVID
Bank of Baroda launches digital lending platform – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-launches-digital-lending-platform/article33436015.ece The platform provides ‘in-principle approval’ for home, car and personal loans in 30 minutes without human intervention The Platform provides ‘in-principle approval’ for
Digital dangers | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/digital-dangers-120122801139_1.html Unauthorised lending apps must be stopped The Reserve Bank of India (RBI) last week cautioned the public against unauthorised lending apps offering quick loans, after reports of
Beyond Budget Headlines with AKB: Why bad banks are a bad, bad idea | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/beyond-budget-headlines-with-akb-why-bad-banks-are-a-bad-bad-idea-120122800195_1.html What does FM Sitharaman’s ‘never-before Budget’ assertion mean? Are there more relief measures in store or should we prepare for some shock in
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