The government should take strict action against erring exporters but should ensure that no innocent is taken to task, apex exporters body FIEO said Wednesday.
Category: RBI–Banks
Stressed steel assets may see lower recovery rates in round 2 of resolutions – The Hindu BusinessLine
Even though recovery rates from stressed assets in the steel sector have been higher till now, the same is expected to dip in the next
RBI’s issues go Viral! Deputy Governor’s exit strengthens view that govt uneasy with dissent – The Financial Express
Various Indian governments have had, from time to time, top economists who have been educated abroad—indeed, many of Dr Manmohan Singh’s team when he was
Banks’ gross NPAs to shrink to 8% by March 2020 – The Financial Express
Gross NPAs within the banking system hit a peak of 11.5% in March 2018 and stood at 9.3% in March 2019. Reduction in fresh accretions
Energising the MSME ecosystem – OPINION – The Hindu BusinessLine
Reduced interest rates, lower collateral, and improved access to credit will give a boost to the sector India’s micro, small and medium enterprises (MSME) sector,
Stressed steel assets may see lower recovery rates in round 2 of resolutions – The Hindu BusinessLine
Even though recovery rates from stressed assets in the steel sector have been higher till now, the same is expected to dip in the next
Budget 2019: View: Budget must outline more banking reforms–Economic Times
The creation of a holding company for banks should come as a part of the Budget announcement. Recently, RBI Governor Shaktikanta Das rightly underscored the need for
RBI: UK Sinha panel on MSMEs submit report to RBI–Economic Times
The Reserve Bank has said the expert committee on the MSME sector, set up in January under the chairmanship of former chairman of Sebi UK Sinha, has
funding for sme: What do you do when your small business is not making money? – The Economic Times
By Rumana Shaikh While there may be ample data on SMEs that do not make money, what should be done when that dull period actually strikes? This
RBI: RBI panel suggests measures to boost MSMEs – The Economic Times
The RBI panel recommended setting up a distressed asset fund of Rs 5,000 crore to assist units in clusters. The Reserve Bank of India on
How to file complaints against banks and NBFCs on RBI website – The Economic Times
The RBI also plans to introduce a dedicated IVR System for tracking the status of complaints. The Reserve Bank of India (RBI) has introduced a
Bond market: Lift regulatory hurdles–Economic Times
Non-banking financial companies (NBFCs), with outstanding debts of over Rs 26 lakh crore, find it tough to access credit, and face liquidity problems, although some
The three Rs of public sector banking | Business Standard Column
In a recent conversation, Rajkiran Rai, managing director of Union Bank, has made an interesting remark. “When we started our career in 1980s, we were
Stressed a/cs: FinMin tells public sector banks to provide details of expected recoveries, provisions – The Hindu BusinessLine
The Finance Ministry has sought information from public sector banks (PSBs) on their expectation of recoveries and provisions held in respect of stressed accounts admitted
Govt must provide capital to banks on upfront basis: United Bank CEO – The Hindu BusinessLine
Says the NBFC crisis may snowball into a ‘serious problem’ if not handled properly Banks have to be cautious while lending to non-banking financial companies
RBI circular: FICCI for structural changes in RBI June 7 circular – The Economic Times
Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested structural changes in revised stressed asset framework issued by the Reserve Bank of India on June
Let banks recover dues from personal assets of defaulters: Bank Unions request Finance Minister – The Economic Times
Fast-track courts shall have to be vested with more powers to recover bad loans and stringent laws should be enacted to ensure more recoveries, the
Over Rs 2.05 lakh cr frauds in 11 years: ICICI Bank, SBI and HDFC among top victims – The Economic Times
Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years. Of over 50,000 frauds that
Creditors can expect 100 per cent recoveries under IBC – The Economic Times
The IBC has strengthened creditors’ rights and the credit market will continue expanding, he pointed out. Creditors can expect 100 per cent recoveries from their
Explained: India’s banking woes is because of poor people management – The Financial Express
By Ritesh Kumar Singh An aspect of Indian banking crisis that hasn’t gotten much attention is HR mismanagement in state-owned banks. Poor people management is
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