After the ₹90,000-crore IL&FS Group blowout came to light, the CA Institute had held the signing partners of the three top audit firms prima facie
Category: RBI–Banks
MSME: How alternative lending models are facilitating better access to credit for the MSME sector – The Economic Times
By Gaurav Kumar Nearly 60 million businesses comprise the MSME (Micro, Small, and Medium Enterprises) sector in India, which is responsible for driving a substantial amount of
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
Bad loans of PSU banks are declining: Govt officials – The Economic Times
Bad loans of state-run banks are in decline and the lenders have recognised most of their stressed assets, a government official said. The gross non-performing assets
Debt recovery: IBC 3 times better than other routes – The Financial Express
Banks and other financial creditors managed to recover around Rs 4,92,500 crore from 21 accounts for which resolution plans were approved under IBC in FY18.
Is excess capital for RBI a necessary evil? | Business Standard Column
The Reserve Bank of India (RBI) has announced the constitution of a six-member panel to look into its economic capital framework. A reference to economic capital framework had
Over 6,000 officers of PSBs held responsible for bad loans in FY18: Arun Jaitley – The Economic Times
Depending upon the gravity of lapses, the minister said “minor penalty/ major penalty have been imposed against erring officials” The government Friday said action has
Gross NPAs jump to 11.2% or Rs 10.39 tln in FY18: RBI Report – The Economic Times
The monetary authority also said it will look into implementation of Ind-As, corporate governance in banks and a revised framework for securitisation. System-wide gross non-performing
RBI to ensure sustainable growth of NBFCs with adequate credit – The Economic Times
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.
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
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