MUMBAI: Rating agency CrisilNSE 0.05 % on Tuesday warned of potentially high stress in non-banking lenders’ wholesale book well above the reported bad loan numbers by March,
Category: RBI–Banks
Budget Impact on NBFCs | Budget 2020: A big positive for NBFCs, MSMEs–Economic Times
By Dinanath Dubhashi The budget has clearly kept its focus on boosting economic growth. It is noteworthy that despite significant challenges to revenue mobilisation, the government
CBDT cuts per day cash limit for payments – Check details – The Financial Express
The rule 6ABBA is deemed to have been inserted from the 1st day of September 2019, which mentions all digital or electronic mode of payments.
Union Budget 2020: Rs 5 lakh insurance in case bank goes bust; cover hiked from Rs 1 lakh now | Business News,The Indian Express
In a major relief to bank depositors, the government has proposed to increase deposit insurance cover from Rs 1 lakh to Rs 5 lakh. The
Bank depositors can breathe easy with ₹5 lakh cover – The Hindu BusinessLine
But deposit cover is still way below that in many other countries In a bid to restore the confidence of depositors, the Budget has increased
Banks score with personal loans, but it’s risky biz
India’s banking crisis, driven by high NPAs, has persisted for 6-7 years. During this time banks shifted to giving unsecured credit for personal loans, away
Eco Survey flags ‘disproportionate dwarfism’ of Indian banks, calls upon PSBs to become efficient – The Economic Times
New Delhi: Flagging “disproportionate dwarfism” of Indian banks as compared to the size of the economy, the Economic Survey on Friday called upon public sector
PSB Loan | Economic Survey: Disbursed Rs 37,106 cr under PSB Loans in 59 Minutes–Economic Times
All Central Public Sector Undertakings (CPSUs) to compulsorily procure at least 25 per cent of their total purchases from MSMEs. Tabling the Economic Survey for
economic survey 2019-20: Personal loans buck slowdown trend says Economic Survey 2019-20 – The Economic Times
The Economic Survey 2019-20 says that moderation in credit growth was witnessed across all the major segments of non-food credit, except personal loans, which continued
Eco Survey blames over-dependence on funding from liquid funds for NBFC crisis – The Economic Times
The Economic Survey 2019-20 says the problems faced by the NBFCs stemmed from their over-dependence on short-term wholesale funding from the liquid debt mutual funds.
ESOP for public sector bank employees mooted – The Economic Times
The Economic Survey 2020, prepared by chief economic adviser Krishnamurthy Subramanian and his team, has proposed skin in the game for public sector bank (PSB)
Protecting bankers | Business Standard Editorials
Bankers in the public sector have been reluctant to take lending decisions due to the fear of investigative agencies in case loans turn non-performing. The
Economic Survey: Financial sector reforms need the backing of government
The Economic Survey released this afternoon has forecast an improvement in India’s economic prospects. The GDP is expected to grow 6-6.5% in 2020-21, as compared
Right on, onward to universal factoring–Economic Times
Right on, onward to universal factoring The government has done well to ask all public enterprises to be present on an online trade receivables discounting
HDFC pitches for one-time loan recast for realty projects – The Economic Times
MUMBAI: Ahead of the presentation of the Union Budget 2020-21, largest pure play home financier HDFC on Tuesday pitched for a one-time loan recast for
Centre steps in to protect PSU bankers in taking genuine commercial decisions | Deccan Herald
The Centre Tuesday stepped in to protect the risk-averse public sector lenders in taking genuine business decisions as the slowdown in bank lending to industry
Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee – The Economic Times
Answering to a question – how will economic policies work if people have a lack of trust in the data, he said the government “should
Bank of Baroda Q3 Results: Bank of Baroda posts Q3 loss of Rs 1,407 crore as provisions spike 54% – The Economic Times
NEW DELHI: Public lender Bank of Baroda on Friday reported a standalone loss of Rs 1,407 crore for December quarter, as total provisions jumped 54 per cent
Union Bank: ETRise Top MSMEs Ranking: Union Bank CMD says conventional credit worthiness model does disservice to millions of entrepreneurs – The Economic Times
The Union Bank has surplus funds at the moment. It is looking for lendable opportunities, especially for MSMEs. Access to formal sources of credit has
SBI Chairman | Yes Bank: State Bank chairman says YES Bank ‘will not be allowed to fail’–Economic Times
By Jeanette Rodrigues and Haslinda Amin The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes BankNSE 6.50 %, which
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