The Deposit Insurance and Credit Guarantee Corporation (DICGC) faces a total claim of about Rs. 14,000 crores from the co-operative banks mostly urban cooperative banks
Category: RBI–Banks
RBI Governor Shaktikanta Das wants firms, banks to do this to lift economy – The Financial Express
The RBI chief also said reviving the twin engines of consumption and investment remains the key challenges even as remaining vigilant about spillovers from global
New SBI ATM cash withdrawal rule: Do this for over Rs 10,000 from January 1 – The Financial Express
SBI ATM cash withdrawal: Withdrawing more than Rs 10,000 from an SBI ATM is going to be more secure from January 1. SBI customers will
West Bengal FM Amit Mitra’s suggestion to boost banking penetration into unbanked areas; what he says – The Financial Express
West Bengal Finance Minister Amit Mitra on Friday said the cooperative banks in the state have lent Rs 36,000 crore in the last five years
Banks’ gross NPA ratios may rise from 9.3% to 9.9% by Sept 2020: RBI | Business Standard News
The gross NPA ratio of banks stood at 9.3 per cent in March 2019. The gross non-performing asset ratio of banks may increase to 9.9
Time running out for PSBs | Business Standard Editorials
The Indian banking sector is showing signs of a turnaround after many years. The latest “Report on Trend and Progress of Banking in India 2018-19”,
RBI orders urban cooperative banks to declare exposures above Rs 5 crore–Business Today
The Reserve Bank of India has ordered major primary urban cooperative banks (UCBs) to report credit information on all borrowers that have aggregate exposures of
Time running out for PSBs | Business Standard Editorials
The Indian banking sector is showing signs of a turnaround after many years. The latest “Report on Trend and Progress of Banking in India 2018-19”, released this week
India’s bad loans highest among emerging markets: RBI | Deccan Herald
Indian lenders have the highest percentage of bad loans compared with 10 emerging economies including Brazil, China, Indonesia, Philippines and Turkey, according to and RBI
RBI warns banks over focus on retail loans – The Economic Times
The Reserve Bank of India (RBI) has red-flagged banks’ reliance of retail loans over slowing economic activity and negative consumer sentiment. The banking regulator called for a granular lending strategy
Seven Things To Fix The Economy-Ajay Chhibber – BW Businessworld
The financial year 2019-20 will go down as a terrible year in India’s economic trajectory. The drop in India’s growth was so swift, so widespread
Gross NPA ratio improves to 9.1 as of Sept end: RBI | Deccan Herald
As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at
Total frauds at banks rise 74 pc in 2018-19: RBI | Deccan Herald
Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167 crore in the previous financial
RBI may face major dilemma if inflation continues upward climb: IMF–India Today
HIGHLIGHTS The International Monetary Fund (IMF) has highlighted another dilemma the Reserve Bank of India (RBI) could face if inflation continues upward climb in future.
Not all is gloomy! SBI chairman nudges industry to borrow and invest in economy–India Today
Chairman Rajnish Kumar on Saturday nudged the industry to enrich their borrowing capacity so as to boost investment in the economy, asserting there is no
RBI launches new prepaid payment instrument for digital transactions – The Financial Express
The amount outstanding at any point of time in such PPIs should not exceed Rs 10,000, RBI said The Reserve Bank on Tuesday introduced a
Zilch: That’s what banks are likely to recover from 354 liquidation cases – The Economic Times
Banks are staring at nil to negligible recovery in ongoing 354 liquidation cases in 2020. Most stressed assets are sold at throw-away prices and are moving for liquidation
NBFCs: What Arvind Subramanian meant when he talked of India’s Four Balance Sheet challenge – The Economic Times
Arvind Subramanian discussed the twin balance sheet challenge in great detail in the Economic Survey of 2016-17. Arvind Subramanian, in his latest paper, argues that
Essar deal to expedite recoveries: Rajnish Kumar, SBI chairman – The Economic Times
State Bank of India is set to get about Rs 12,161 crore as the largest acquisition through the three-year-old Insolvency and Bankruptcy Code (IBC) is
Credit growth, NPA reduction to depend on pace of economic revival: RBI | Business Standard News
Indian banks are getting a better grip on their bad debt situation and non-banking financial companies (NBFC) are expected to regain their niche after a
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