Despite the Reserve Bank making credit cheaper, lending rates are rising for borrowers after accounting for inflation and falling economic growth, a foreign brokerage said on Monday. The weighted average
Category: RBI–Banks
PMC Bank crisis: Should you change your bank? Here’s how to evaluate – The Economic Times
In case of failed ATM withdrawals or fund transfers, too, banks have to adhere to RBI rules. The Punjab and Maharashtra Co-operative (PMC) Bank crisis,
For more vigorous bond market steps–Economic Times
The development of an active and liquid corporate bond market is crucial for transparent and efficient financing of business and industry, particularly infrastructure projects. India
SBI appoints collection agents for DHFL loan pools – The Financial Express
State Bank of India (SBI) has appointed collection agencies to collect repayments for retail pooled assets it bought from Dewan Housing Finance Corporation (DHFL) owing
Stressed assets: Banks may take cos to NCLT to avoid additional provisioning – The Financial Express
The recent verdict on Essar Steel via the NCLT route has given reason to bankers to take these cases to the NCLT. Banks are expected
MSME credit woes no more? Outstanding bank loans jump; small businesses borrowed this much last year – The Financial Express
Credit and Finance for MSMEs: The outstanding credit to the MSME sector by scheduled commercial banks for FY19 increased by 14.08 per cent from FY18. The
Beyond deposit insurance | Business Standard Editorials
The central board of the Reserve Bank of India (RBI) is expected to raise the deposit insurance limit from Rs 1 lakh to Rs 5 lakh. This
Biggest drop in power demand makes Indian banks’ bad debt headache worse | Business Standard News
The biggest drop in India’s electricity demand in at least 12 years is hindering efforts of Indian lenders to recover a pile of loans to power producers
All you wanted to know about banking frauds | Business Standard Column
Many of us have seen different versions of a funny television ad promoting men’s deodorant brand Fogg. The settings of the ad vary from a
RBI turns down banks’ plea to relax June 7 circular on stressed assets | Business Standard News
With no resolution in sight for nearly Rs 3 trillion of stressed assets, banks seem to be reaching a dead end with respect to the
What should monetary policy do? | Business Standard Column
From the viewpoint of the accountability of the Reserve Bank of India (RBI) to Parliament and the public, it makes sense to focus on year-on-year
Tough call for RBI | Business Standard Column
Most available data points suggest that GDP growth slowed further during July-September 2019. The State Bank of India (SBI) says that out of 26 indicators
Banking with Google | Business Standard Editorials
Reports that Google intends to enter the consumer banking space through a partnership with Citibank did not cause any surprise, because many tech firms are looking at the consumer finance market.
Your bank deposits just got safer; PMC bank fallout prompts long-desired action on insurance limit – The Financial Express
Finance Minister Nirmala Sitharman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh
Another auditor arrested in PMC Bank scam – The Economic Times
The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank,
Banks may be given incentive to extend loans in backward areas: RBI – The Financial Express
RBI Deputy Governor M K Jain on Wednesday made a case for incentivising banks to extend loans to poor in backward areas in a bid to
Non-Performing Assets: Are millennials spawning next wave of NPA piles for banks? – The Economic Times
While millennials, who have been driving credit demand by a large margin in the past two years, in what can potentially raise concerns for lenders, most
All NBFCs shouldn’t be painted with the same brush – The Economic Times
By Keki Mistry For more than a year, an overwhelming drive seems to be underway to label non-banking financial companies (NBFCs) as anathema to the
MoS Finance asks banks to ensure credit flow to MSMEs amid fund crunch | Business Standard News
Junior finance minister Anurag Thakur on Monday asked banks to ensure smooth flow of credit to MSMEs which are in genuine need of funds. It can be
Banks hire scores of oversight agencies to keep tabs on end-use of loans | Business Standard News
With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans,
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