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.
Category: RBI–Banks
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,
Govt mulls special window for NBFCs under insolvency law after real estate booster–Business Today
The government is mulling a special window to address debt woes of stressed non-banking financial companies under the insolvency law, a senior official said on
Reality Check: RBI acts penny-wise-pound-foolish in dealing with NPA crisis–Business Today
In August, the multinational banking and financial services company Credit Suisse warned of a “second wave of NPAs” in India with the banking sector’s stressed
Reducing Opacity in Corporate Finance–Economic Times
New rules proposed by RBI for core investment companies (CICs) will make life easier for lenders and investors who often struggle to figure out the
Rescuing the financial sector | Business Standard Column
As I highlighted in my last piece, by 2007, the financials of the Indian banking system were robust again. The industry had a return on assets
Indian Economy: Record rate spread shows challenge to reviving India’s economy–Economic Times
By Jeanette Rodrigues The Reserve Bank of India is Asia’s most aggressive monetary authority in cutting interest rates. But lenders aren’t passing on the reductions
Risk Aversion: How failed bank loans have led to a credit crisis for India’s small biz – The Economic Times
Risk aversion is the new guiding principle in Indian banking today, reflecting the decline in credit growth numbers. Less than a year into his first
SBI Chairman on real estate slowdown: Why always ask govt for help; builders created problems, not govt – The Financial Express
On the rising inventory of unsold houses, Rajnish Kumar said that there is a pick up in sales in cities such as Hyderabad and Kolkata,
MSME NPAs on the rise: Nitin Gadkari alerted over Gujarat’s small business loans situation – The Financial Express
Credit and Finance for MSMEs: Rajya Sabha member from Gujarat and senior Congress leader Ahmed Patel on Wednesday met MSME minister Nitin Gadkari to stress on the situation
After DHFL crisis, centre to issue new rules to bring NBFCs under IBC | Business Standard News
The fear that at Dewan Housing Finance Corporation (DHFL) may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations
Confidence in financial sector at stake | Business Standard Column
The crisis of confidence in the Indian financial sector seems to be quite serious. The Infrastructure Leasing and Financial Services, Dewan Housing Finance, and more
One-time restructuring should be allowed for some loans: HDFC chairman | Business Standard News
Housing Development Finance Corporation’s (HDFC) Chairman, Deepak Parekh, has urged regulators to allow one-time restructuring of certain real estate projects — particularly for stuck projects
Lack of ICA to hit PMC Bank’s HDIL exposure | Business Standard News
PMC Bank’s woes might worsen as urban co-operative banks have not been made part of inter-creditor agreements (ICA). This raises a big question mark on
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