The new board of Infrastructure Leasing and Financial Services Ltd (IL&FS) has reportedly sent show-cause notices to as many as 14 former directors of IL&FS Financial Services Ltd (IFIN),
Category: RBI–Banks
Banks want RBI to defer IndAS roll-out over higher loan-loss provisioning | Business Standard News
Banks are seeking an extension for the roll-out of the Indian Accounting Standards (IndAS), set to come into effect from April 1. They have cited
To prevent frauds, banks plan to appoint agencies to monitor large-value accounts – The Hindu BusinessLine
Under IBA aegis, banks set up a committee of senior bankers to shortlist the agencies In a bid to prevent frauds in large-value accounts, banks
PSBs get money while RBI, MoF get away. Again | Business Standard Column
The new Chief Economic Advisor (CEA) Krishnamurthy Subramanian said a few days ago that it is important to implement the P J Nayak committee’s recommendations on governance reforms in public
How to clean up the rating mess in India | Business Standard Column
A king loved walking on the streets but didn’t want his feet to get dirty. So, a hefty award was announced for the person who
Safer way to transact online: Tokenisation of card transactions enhances digital payments ecosystem – The Financial Express
By Kalpesh J Mehta The Indian economy has traditionally been dominated by cash. However, the increased adoption of smartphones together with a favourable regulatory environment are
IBC brings down NPAs, says top Govt official – The Hindu BusinessLine
There has been a reduction in the addition of fresh NPAs over the last two years due to the implementation of the Insolvency and Bankruptcy
Now, a policy to protect bank locker – The Economic Times
IFFCO Tokio General Insurance Company today announced the launch of Bank Locker Protector Policy to protect the contents of a bank locker such as jewellery and other valuables. The policy
Canara Bank loan for Bank of India, Union Bank employees – The Economic Times
Kolkata: State-owned lenders Bank of India and Union Bank of IndiaNSE 2.21 % appear to have made arrangements with Canara BankNSE 0.11 % to provide collateral-free loans to their respective employees,
PSBs–Beyond PCA | Business Standard Editorials
The Reserve Bank of India on Tuesday took three more commercial banks out of the prompt corrective action (PCA) framework, thus opening up the possibility
Policy to merge state-owned banks will continue, says Arun Jaitley | Business Standard News
The Narendra Modi government will continue to follow a policy of amalgamating public sector banks to create a few but giant state-owned lenders which are
‘Govt maintaining good distance from IBC pays rich rich dividends to banking system’ – The Hindu BusinessLine
Finance Minister Arun Jaitley, on Thursday, said the government’s conscious decision to keep distance from the Insolvency and Bankruptcy Code (IBC) process has paid rich
Recapitalisation not enough, PSU banks need Rs 1.64 lakh crore to deal with future losses – The Financial Express
Government’s latest capital infusion of Rs 48,239 crore in PSU banks announced on 21 February 2019 may not be sufficient to support significantly stronger lending
Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure – The Financial Express
According to estimates, the IBC has helped address stressed assets worth approximately Rs 3 lakh crore — directly or indirectly — since the new law
No NPA tag for IL&FS accounts without our nod, says NCLAT – The Hindu BusinessLine
No bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing assets without the NCLAT’s permission, the appellate
Banks may set repo rate as benchmark – The Hindu
New loan pricing regime from April 1 Most commercial banks in India are likely to select RBI’s repo rate as the external benchmark to decide
Into a black hole – The Hindu BusinessLine
Pumping taxpayers’ funds into public sector banks needs to be reviewed The Centre is making the same mistake year after year by pumping in taxpayers’
India has the second worst NPA ratio among large economies–The Print
The International Monetary Fund (IMF)’s new data doesn’t show Indian banking in the best light, or company. Based on new data collated by the IMF,
NBFC: Reserve Bank of India seeks info from NBFCs on moratorium given to borrowers–Economic Times
Amid a controversy on loans against shares, the Reserve Bank of India has asked non-banking finance companies (NBFCs) to disclose the moratorium or grace period given to borrowers. Besides
Tackling corruption: Banks to use algorithm to decide your loan application – The Financial Express
Saddled with rising bad loans, the public sector banks are going to use technology in a big way to reduce the discretion of bank officers
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