Emandi Sankara Rao, CEO, IFCI Limited, opined that besides providing funding opportunities, handholding of entrepreneurs is the need of the hour. Country’s SC/ST entrepreneurs, particularly from
Category: RBI–Banks
Finance Ministry: Finance Ministry asks six public sector banks to improve on PCA parameters – The Economic Times
The Finance Ministry has asked the six remaining public sector banks, currently under Prompt Corrective Action (PCA), to improve on seven parameters to get the government‘s support for coming out of
RBI fines 3 banks – The Hindu BusinessLine
The Reserve Bank of India has imposed a monetary penalty of ₹1.50 crore on Oriental Bank of Commerce and ₹1 crore each on Bank of
NPA under Mudra Yojana stands at Rs 7,277 crore – The Economic Times
The government Tuesday informed Parliament that loans worth Rs 7,277.31 crore of public sector banks under Pradhan Mantri Mudra Yojana (PMMY) have turned bad at the end
Loans worth Rs 20,900 cr sanctioned under 100-day outreach programme for MSMEs – The Economic Times
Loans to the tune of Rs 20,900 crore have been sanctioned under the 100-day outreach programme for MSMEs across 104 districts announced in November, a top official said
PNB to e-auction 4,000 properties to recover loans – The Economic Times
Recently, the state-owned lender reported a net profit of Rs 247 crore for the third quarter ending December 2018 over the Rs 230 crore profit
Over 900 cases of fraud involving cards, net banking registered in Apr-Sep 2018 – The Economic Times
According to data maintained by National Crime Records Bureau (NCRB), 12,317 cyber crime cases were registered in 2016, Ahluwalia noted. Over 900 cases of fraud
Your loan interest rate still high after RBI cut? Know how long it takes for monetary policy transmission – The Financial Express
Even after the RBI’s surprise monetary policy rate cut last week, there are apprehensions about the pace of monetary transmission in the economy. RBI Governor Shaktikanta
Welcome Measures for the bond market–Economic Times
The Reserve Bank of India has announced welcome measures to boost the corporate bond market along with those for currency derivatives and interest rate futures.
Government and RBI should address differences between them: Y V Reddy – The Economic Times
The RBI sop was abused by banks and industry giving rise to NPAs, according to former RBI governor Y V Reddy. The government pushed regulatory forebearance post
Special MSME package can help 7 cr accounts, Rs 1 L cr loans: Fin secy – The Economic Times
He said 7 lakh MSME units need restructuring. The Reserve Banks restructuring package for small businesses announced last month will help recast Rs 1 lakh
Finance Ministry seeks transfer of Rs 27,380 crore from RBI retained towards risks, reserves – The Financial Express
The finance ministry has sought from the Reserve Bank of India (RBI) Rs 27,380 crore that was withheld by the central bank towards risks and
RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt | Business Standard News
The Reserve Bank’s restructuring package for small businesses announced last month will help recast Rs 1 trillion of loans for 700,000 eligible micro, small and
NPA overhang may go in first half of next year: SBI – The Hindu BusinessLine
The State Bank of India expects the NPA overhang in the banking sector to “dissipate in the first half of 2019-20,” said the bank’s Managing
Public Sector Banks to be ranked on basis of performance – The Economic Times
The government expects the financial performance of banks to improve as their bad loans come down. The government will start surveying public sector banks annually to rank
How RBI’s Feb 12 circular changed the way banks dealt with stressed assets – The Economic Times
The year 2018 was unusual in the central bank’s 85-year history. It saw government versus central bank bouts. Come Tuesday, the Reserve Bank of India’s
For lower EMIs, RBI needs to ensure banks follow its regulation–Times of India
Reserve Bank of India’s monetary policy committee on Thursday lowered its interest rate by 0.25%, triggering hope that it may lead to a reduction in
Unauthorized withdrawals –Can the Banks escape liability on the ground– SMS alert was sent and was not responded ? –Anil Tikotekar
All of us are now aware that banks have a system of sending SMS for the transactions that take place in our account. Almost all
Banks liable for unauthorised withdrawals from customer accounts: Kerala High Court – The Hindu BusinessLine
The Kerala High Court has held that banks cannot be exonerated from liability for loss caused to a customer on account of unauthorised withdrawals made
Banks being penalized by RBI for lapses in monitoring of end use of funds–Anil Tikotekar
I was happily surprised to know today that RBI has imposed penalty on bank for not monitoring end use of funds. I refer to the
aniltikotekar4sme.com 