The Securities and Exchange Board of India (Sebi) has mandated that listed companies rated AA and above having an outstanding loan of at least Rs
Category: RBI–Banks
RBI rejected Modi govt’s these 3 key arguments on demonetisation; here’s what minutes of meeting reveal – The Financial Express
The Central Bank rejected the suggestions mainly around noteban’s likely effect on curbing black money and counterfeit notes. Even as Reserve Bank of India (RBI)
Why Reserve Bank of India should cut CRR levels – The Financial Express
Will free up cash reserves and create room for lower rates. India’s investment cycle has been in a trough for several years now. And it
RBI: RBI says no data on demonetised 500, 1,000 notes used at petrol pumps – The Economic Times
The Reserve Bank of India also said it did not have information on the number of SBNs used to buy KYC-compliant instruments like insurance policies.
SBI bites the bullet: Will other banks also link interest rates to RBI repo rate? – The Financial Express
India’s largest lender State Bank of India made a historic decision on Friday to link interest rates on savings deposits above Rs 1 lakh and
Expand credit to boost growth | Business Standard Column
A significant portion of the Indian economy could grow a lot faster if its credit needs were better met. Estimates of unmet credit needs of creditworthy Indian companies and
Banks coming out of PCA framework may not see sudden growth in credit – The Hindu BusinessLine
The recent exit of six banks from the Prompt Corrective Action (PCA) measure of the RBI may not be enough to immediately spur credit growth.
SME Corner gets Rs 90 crore in equity, debt – The Economic Times
Mumbai-based digital lending startup SME Corner has raised Rs 90 crore in fresh funding in a mix of debt and equity. While Rs 35 crore of equity
The IL&FS mess | Business Standard Editorials
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),
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
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