The NBFC sector is liquidity crisis after a series of defaults by Infrastructure Leasing & Financial Services (IL&FS) and its many subsidiaries since late August.
Category: RBI–Banks
IBC scripts huge success in just two years; RBI data reveals NPA recovery rate of whopping 50% – The Financial Express
Under the IBC, as against the claimed amount of Rs 9.9 lakh crore, lenders have been able to recover Rs 4.9 lakh crore, registering the
PSBs-Recapitalisation sans reform | Business Standard Editorials
In what amounts to an admission that the Reserve Bank of India’s prompt corrective action (PCA) framework cannot at the moment be diluted, the government
Modi s Clampdown On E commerce In India May Not Win Back Votes Of Small Retailers – BW Businessworld
India’s new curbs on e-commerce companies may not be enough to win over small store owners and traders in next year’s general election, with the
Focus on RBI reserves, as govt stares at tax shortfall | Deccan Herald
Even as the government is staring at a tax shortfall in fiscal 2019, the focus seems to have shifted towards the Reserve Bank of India-appointed
RBI warns on easing banking norms in haste | Deccan Herald
The Reserve Bank of India (RBI) has said that any kind of decision to ease the regulations on capital adequacy and risk weights at a
RBI–Committee Holds Out Promise of Sense–Economic Times
The composition of the committee appointed to determine the adequate level of reserves for the Reserve Bank of India (RBI), along with the three-month period
‘GST data should be available to lenders to vet loan proposals’ – The Hindu BusinessLine
K Ram Kumar The banking sector is expected to continue its focus on retail loans due to the relatively lower risks involved and expand MSME
Payments banks continue to struggle; losses double to ₹516 crore – The Hindu BusinessLine
via The consolidated net loss of all the PBs in India has more than doubled The financial health of ‘payments banks’, a concept championed
Bank-led resolution of NPAs set to begin – The Economic Times
About 34 banks have signed the ICA, the bedrock of the in-house, bank-led resolution approach. Indian Banks’ Association (IBA) has set up an oversight committee
After cold war between govt and RBI, panel formed to look into reserves; here’s all you need to know – The Financial Express
The panel, headed by Bimal Jalan, will review and suggest the right level of RBI reserves needed for provisioning risks and submit its report in
CA Institute’s disciplinary probe hearing against IL&FS auditors postponed – The Hindu BusinessLine
There is no information on when the next hearing will take place The much-anticipated hearing in the CA Institute’s inquiry against certain statutory auditors of
To check fraud, CVC starts examining audit reports of state-run banks, insurance companies – The Economic Times
According to government data, various banks have reported an increase in cases of fraud during 2015-16 and 2017-18. Probity watchdog Central Vigilance Commission (CVC) has started examining
Default rate in small loans lowest, finds study – The Economic Times
Credit bureaus appear to be helping high-street banks take cautious lending decisions where loans are not backed by collaterals. Although personal loans, which are offered
All you want to know about EMV chip cards – The Hindu BusinessLine
Are you wondering why you received a new debit card while your existing debit card is just working fine? Well, here is the reason. Banks
All you wanted to know about PCA – The Hindu BusinessLine
If you had just got a handle on the NPA animal after all the noise around it in the last two or three years, the
Tight scrutiny: RBI cancels registration of 1,300 NBFCs in H1FY19 – The Financial Express
The spurt in action against errant NBFCs this fiscal suggests a heightened scrutiny of non-bank lenders around the time the Infrastructure Leasing & Finance (IL&FS)
Monetary policy in 2018: Targeting inflation in uncertain times wasn’t easy – The Financial Express
This was because headline inflation, pulled down by sharp undershooting of food price inflation, masked adverse movements in the underlying trends of other key elements
Farm loan waivers: Double-edged sword for banks & farmers – The Financial Express
By Kushankur Dey Farm loan waivers amounting to more than Rs 85,000 crore in the two consecutive financial years (2017-18 and 2018-19) announced by various
Bank bailout – The Hindu BusinessLine
It is short-sighted to prioritise PCA banks in the recapitalisation exercise The Centre’s decision to peg up its recapitalisation package for Public Sector Banks (PSBs)
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