Clipped from: https://www.business-standard.com/article/economy-policy/next-set-of-asset-quality-woes-for-lenders-to-come-from-msme-segment-120101401239_1.html Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools Worries over MSME
Category: RBI–Banks
Growth Will Cure Ills of Monetisation–Economic Times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/growth-will-cure-ills-of-monetisation/ IMF chief economist Gita Gopinath’s advice against RBI monetising the fiscal deficit, citing implications for market confidence and inflation, errs on the side
Banks not willing to lend to small businesses: KVIC to approach finance ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-not-willing-to-lend-to-small-businesses-kvic-to-approach-finance-ministry/articleshow/78680137.cmsSynopsis The KVIC has received several complaints about banks not agreeing to lend even to businesses with confirmed government orders. NEW DELHI: The Khadi
Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-need-artificial-intelligence-for-corporate-lending-krishnamurthy-subramanian-chief-economic-advisor/articleshow/78686042.cmsSynopsis Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterprises)
RBI slaps crores of rupees of penalty on IndusInd Bank; says bank did not comply with these norms – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-slaps-crores-of-rupees-of-penalty-on-indusind-bank-says-bank-did-not-comply-with-these-norms/2107822/ RBI said that the penalty has been imposed on the basis of the deficiencies in regulatory compliance and is not intended to pronounce
Pandemic provides unique opportunity to expand business by acquiring distressed assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/pandemic-provides-unique-opportunity-to-expand-business-by-acquiring-distressed-assets/articleshow/77282627.cmsSynopsis In this ‘new normal’, deal making in distressed assets is a beacon of hope for the sluggish economy to create synergies and economies
Number of women bank borrowers treble in six years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/number-of-women-bank-borrowers-treble-in-six-years/articleshow/78017601.cmsSynopsis Besides loans for agriculture, these loans are essentially for small businesses, kirana stores, food stall, catering, self employment or even home and vehicle
‘MSMEs must have contingency planning’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-must-have-contingency-planning/article31925864.ece X Arokianathan, Past Co-Convenor, MSME Panel, Confederation of Indian Industry-Tamil Nadu. X Arokianathan, Past Co-Convenor, MSME Panel, Confederation of Indian Industry-Tamil Nadu.× In
In India, individual investors are guinea pigs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Depositors of Punjab and Maharashtra Co-operative Bank protest outside the RBI headquarters in Mumbai, demanding the return of their entire money and revival
India needs to turn Covid into an opportunity for MSMEs to flourish – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ View: India needs to turn Covid into an opportunity for MSMEs to flourish Even pre-pandemic and lockdown(s), MSMEs were plagued by low competitiveness.
EMI Moratorium: Banks a tad cautious in round two – status so far – The Financial Express
Clipped from: https://www.financialexpress.com Bank of India, which has provided a moratorium to 41% of its customers, said borrowers are choosing to pay up. By Ankur Mishra
HC queries Centre, RBI on treatment to PMC Bank depositors from YES Bank | Business Standard News
Clipped from: https://www.business-standard.com The Delhi HC has directed the RBI and the Centre to explain as to how the depositors of scam-hit Punjab and Maharashtra Cooperative
What Rs 50,000-crore MSME Fund can learn from its start-up sister | Business Standard News
Clipped from: https://www.business-standard.com The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there’s plenty it can learn from problems with the Rs
Payments made via Google Pay fully protected: NPCI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Our Bureau Google Pay operates under the UPI framework of the National Payments Corporation of India and is classified as Third Party App
Centre looking at one-time loan rejig plan for non-MSME businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Union Finance Minister Nirmala Sitharaman – PTI Union Finance Minister Nirmala Sitharaman – PTI× Govt in talks with RBI to work out a
‘Access to funds a major challenge for MSMEs’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com International MSME Day 2020 is more of a sombre occasion requiring introspection instead of celebration. The pandemic has thrown the world economy into
Moratorium hides asset health of PSBs, helps banks post lower NPAs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/moratorium-hides-asset-health-of-psbs-helps-banks-post-lower-npas-120062600028_1.htmlCanara Bank and Punjab National Bank have up to 30 per cent of their loan book under moratorium The results of public sector banks (PSBs) for
Just the first step | Business Standard Editorials
Clipped from: https://www.business-standard.com/ Co-operative banks need intervention at multiple levels The Union Cabinet on Wednesday decided to issue an Ordinance to give more powers to the Reserve
One-time loan recast for India Inc may come up at Friday’s RBI board meet | Business Standard News
Clipped from: https://www.business-standard.com The virtual meeting of the central board will be its first since the outbreak of Covid-19 Finance Minister Nirmala Sitharaman said on Thursday
Managing bad loans | Business Standard Editorials
Clipped from: https://www.business-standard.com Bank balance sheets would need to be quickly repaired The economic disruption caused by Covid-19 is likely to push up non-performing assets (NPAs)
aniltikotekar4sme.com 