In a bid to push credit before the festival season and revive growth, the government has asked state-run banks to hold open houses in 400 districts of
Category: RBI–Banks
No stressed MSME loan to be declared NPA till March 2020: FM Niramala Sitharaman – The Economic Times
The government on Thursday asked banks not to declare any stressed loan account of MSMEs as NPA till March 2020 and work on recasting their
RBI announces new guidelines for ‘failed’ ATM transactions – The Economic Times
In a big boost for customers making e-commerce payments online, banks will now have to resolve failed debit card transactions within five days, and UPI
Open season for PSBs–Economic Times
In the coming months, the launch of consent-based data-sharing in Indian banking will unleash the true power of ‘open banking’. Open banking allows banking services
बैंक विलीनीकरणाचे वारे — अग्रलेख महाराष्ट्र टाइम्स
अर्थव्यवस्थेला आलेली मरगळ दूर करण्यासाठी केंद्र सरकारने सार्वजनिक क्षेत्रातील १० बँकांचे विलीनीकरण करून एक मोठे पाऊल उचलले आहे. अर्थमंत्री निर्मला सीतारामन यांनी केलेल्या घोषणेनुसार, यातून चार नव्या
Pump-priming via bank finance–Economic Times
The latest banking initiative announced by the finance minister amounts to an attempt to pump prime the economy using bank finance. Credit is to be
A special fund to finish NPA projects–Economic Times
It is welcome that the government keeps up the momentum of its efforts to shore up flagging growth, in a situation where sentiments matter at
Leave Lending Rates to Competition–Economic Times
Banks are supposed to link the lending rate on their floating-rate loans to retail and small and medium industry borrowers to an external benchmark, such
SBI profit falls below expectations, Kumar invokes the gods – The Economic Times
State Bank of IndiaNSE 10.09 % (SBI) swung to a profit from a year-ago loss but fell short of expectations, prompting chairman Rajnish Kumar to invoke
Debt Distress 2.0: Total stressed assets now exceed gross NPA peaks of 2018 – The Economic Times
The role of the RBI as well as the government will become key as the nature of India’s NPA problem has undergone a change over
MSME: Budget 2019: Government’s continued commitment to help MSMEs–Economic Times
A major one in the Budget is the announcement of pension for traders with turnover less than Rs 1.5 crore with a potential to impact
Budget 2019 fulfills many wishes of banking and finance sector, says ex-SBI chairman Arundhati Bhattacharya – The Financial Express
By Arundhati Bhattacharya Budget 2019 India: A lot was expected of this budget, and the question being hotly debated is how far it came up to expectations.
NPA mess: Urjit Patel slams RBI, government over pre-2014 role – The Financial Express
Former Reserve Bank of India (RBI) governor Urjit Patel, who remained tight-lipped during his tenure, has come down heavily on the government and regulators. In
Bank employees seek PM’s attention to pension demand – The Economic Times
IBA has pegged the cost of updating pension in PSBs at Rs 95,000 crore and said that banks, which have been under severe stress with
Calls for reduction of interest rate- here are pros and cons – The Financial Express
The best indicator of investment is the gross fixed capital formation (GFCF) rate, which is expressed as a percentage of GDP at current prices. With
Wilful defaults in India cross $21 billion in 2018-19 – The Financial Express
India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the biggest lender State Bank of
RBI: Banks wary of rising hedging cost–Economic Times
A dozen large banks have alerted the Reserve Bank of India (RBI) about the spike in hedging cost of corporates as banks are unable to handle surplus dollarNSE
New credit scheme for small, medium enterprises to encourage job creation: Gadkari – The Economic Times
“The aim is to raise this target to 50 per cent of GDP and increase the number of people getting employment from SME sector,” Gadkari
Banks, insurers hold over ₹32,000 crore as unclaimed deposits – The Hindu BusinessLine
Over ₹32,000 crore is lying as unclaimed deposits with banks and insurance companies, the government informed the Lok Sabha on Monday. Any account not operated
Over half the SME universe in the red: Here’re the top losers since 2012 | Business Standard News
One in every two small and medium enterprises (SMEs) listed on the SME platform of exchanges since 2012 is trading in the red. On Thursday, the BSE
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