Outstanding loans are at ₹94,000 cr. IL&FS Group is working towards addressing a ‘significant portion’ of the outstanding debt of ₹94,000 crore by July 2020,
Category: RBI–Banks
Cooperative banks will need RBI approval for CEO appointment – The Economic Times
In an attempt to strengthen its supervisory control over the Urban co-operative banks (UCBs) the Reserve Bank on Friday said that UCBs with deposit base
NBFCs hope to come out of deep, dark tunnel in 2020 – The Economic Times
The crippled non-banking financial companies are hoping for better days in the New Year as they expect liquidity condition to improve on the back of
SIDBI launches outreach programme for strengthening MSME ecosystem in Haryana – The Economic Times
In the last two decades, the growth curve of the Indian economy has been largely controlled by its Micro, Small, and Medium Enterprises (MSMEs). The
Tracing the trajectory of the evolving MSME sector: Here’s what they need from a reliable financial partner – The Economic Times
In the last two decades, the growth curve of the Indian economy has been largely controlled by its Micro, Small, and Medium Enterprises (MSMEs). The
Lending to women entrepreneurs not same as men; this unique approach can help boost women-run ventures – The Financial Express
By Piyush Khaitan Credit and Finance for MSMEs: As a nation, India has continuously faced a challenge of equitably distributing the fruits of its growth
PMC Bank: RBI proposes cap on single party exposure for UCBs, also hike priority sector lending threshold – The Economic Times
Mumbai: Call it the PMC effect. Reserve Bank is working towards capping exposure limits for UCBs for a single borrower/party and a group of connected
MSME sector poised for mega transformation in 2020 | Business Standard News
MESME sector is in an urgent need of major reforms and policy interventions. India’s MSME sector is poised for a mega transformation in 2020, with
India needs very serious reforms:– IMF’s Gita Gopinath | Deccan Herald
“There is a combination of both measures that are being undertaken. So, if you look at the corporate tax cut, you could look at it
RBI to flag bad loan issues with Finance Ministry in pre-Budget meet | Business Standard News
The Reserve Bank of India (RBI) and the finance ministry will discuss the additional provisioning banks may be expected to make on account of the
Indian banking: Challenges in the new decade | Business Standard Column
Today, the Reserve Bank of India (RBI) will conduct the second phase of Operation Twist by simultaneous buying and selling of government securities. It will
NBFC slowdown due to low demand and lack of market funding, says RBI | Business Standard News
The slowdown in the non-banking financial companies (NBFCs) is mainly due to lower demand in the economy and non-availability of market funding, a recent analysis
Top 50 corporates reduced debt by Rs 59,600 crore in H1 FY20 – The Financial Express
ccording to Icra Report the year-on-year growth in bank credit is expected to decelerate sharply to 6.5-7 per cent in FY20 from 13.3 per cent
HFCs’ share in realty loans doubles since 2016: RBI – The Financial Express
Home financiers have collectively lent around Rs 47,900 crore to builders as of June 2019 up from Rs 12,770 crore in June 2016. The loss
eBkray: Sitharaman launches e-platform for sale of assets attached by PSU banks – The Financial Express
Apart from top finance ministry officials and bankers, the meeting chaired by Sitharaman was also attended by CBI director RK Shukla and two joint directors
Reviving consumption and investment critical challenge: RBI – The Financial Express
The report said that while chasing yields, investors were betting on negative yielding bonds for capital gains, for which yields need to go down further.
Housing Finance Companies’ share in realty loans doubles since 2016: RBI – The Economic Times
Home financiers have collectively lent around Rs 47,900 crore to builders as of June 2019 up from Rs 12,770 crore in June 2016. But, their
The message to banks – editorials – Hindustan Times
The finance minister Nirmala Sitharaman’s statement builds on Prime Minister Narendra Modi’s assurance at the Hindustan Times Leadership Summit earlier this month, when he exhorted
RBI proposes using equity price movements to signal corporate stress | Business Standard News
The Reserve Bank of India (RBI) has proposed using the movement in equity prices as part of a larger mechanism that can serve to give
Bankers’ prudent decisions will be protected: FM | Deccan Herald
Assuring that honest commercial decisions taken by bankers will be protected, Finance Minister Nirmala Sitharaman on Saturday said the government has decided to take measures
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