HDFC BankNSE -0.24 % and other lenders are using WhatsApp and email to pin down defaulters of various kinds, especially those who could slip through the cracks when more traditional
Category: RBI–Banks
RBI Annual Report: How much is the bank liable if your account gets hacked? Here’s what RBI says–Economic Times
Your bank account hacked? Check where the liability lies Who is liable if you lose money through an unauthorised electronic banking transaction such as a
Will power NPAs claim a scapegoat?–Economic Times
Everyone is scared of someone. Bankers are reluctant to lend. The regulator is unwilling to relax the rules. The minister is hesitant to tell the
After bad loans, RBI flags rise in bank frauds too – The Hindu BusinessLine
It’s not just bad debts that are troubling banks. The Reserve Bank of India has expressed concern over the quantum jump in overall frauds in
RBI fire-fights to protect capital flows – The Hindu BusinessLine
The RBI, in its annual report, has highlighted that it has rationalised regulations to facilitate better cross-border flows in FY18. It is apparent that the
To prevent default, lenders must be proactive in monitoring credit: RBI – The Hindu BusinessLine
As default in payment is only a lagging indicator of a borrower’s financial stress, lenders need to be proactive in credit monitoring to identify financial
Call to improve bank governance – The Hindu BusinessLine
With major frauds being reported by banks in the recent past, including the ₹13,000-crore Letter of Undertaking fraud at Punjab National Bank, the Reserve Bank
Arriving at ‘fair’ value – The Hindu BusinessLine
A market for distressed assets is vital While the discussion on bank lending arrangements to large corporates is an ongoing one, the recent addition is
RBI urges govt to expedite reforms for twin balance sheet problem | Business Standard News
The Reserve Bank of India (RBI) wants the government to intensify its structural reforms to address the twin balance sheet stress as well as issues relating to taxation,
Ombudsman on cards after hike in digital transaction frauds: RBI | Business Standard News
The Reserve Bank of India (RBI) on Wednesday said it will implement the ombudsman scheme for digital transactions because of a rise in complaints. According to its annual report for
Now, NBFCs may be allowed to take defaulting borrowers to IBC as RBI may extend resolution framework – The Financial Express
If the resolution is not approved with 180 days, these institutions will have to initiate insolvency resolution under the Insolvency and Bankruptcy Code. India’s central
Stressed power assets: Panel to discuss ARC, no fiat to RBI under Section 7 – The Financial Express
The empowered committee on power, in its crucial meeting on Friday, could discuss a proposal to set up an asset reconstruction company (ARC) to take
Financial fraud: Ministry of corporate affairs to crack down on firms – The Financial Express
The move comes in the wake of a series of resignations of auditors from listed companies. Auditors in over 200 listed companies have resigned so
Frauds at PSBs more than those at private banks – The Financial Express
According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in
Disclose action taken against wilful defaulters over Rs 50 cr loans: CIC – The Hindu BusinessLine
The action taken against wilful defaulters of banks loans of above Rs 50 crore should be made public by the Finance Ministry, Ministry for Statistics
PSBs likely to see tough days ahead: ICRA – MONEY & BANKING – The Hindu BusinessLine
The total loss before tax for public sector banks (PSBs) in FY2019 is estimated at Rs. 41,900-1,01,600 crore, depending on the credit provisioning on stressed
70 big companies may be heading for resolution under the IBC: ICRA | Business Standard News
The gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per cent as on June 30, 2018,
30 stressed power accounts set to go to NCLT as RBI’s NPA deadline ends | Business Standard News
Lenders to about 30 stressed power assets will refer them to bankruptcy courts, after the Allahabad High Court denied any relief to the sector from the Reserve
Power assets: Be proactive on stressed power assets: HC to government–Economic Times
The Allahabad High Court has firmly told the government to consider issuing a directive to Reserve Bank of India against the February 12 circular on how lenders should deal
Government to hold talks on seeking RBI relief for stressed power firms – The Economic Times
The government will consider asking the Reserve Bank of India (RBI) to allow a further 180-day relief for sustainable but stressed projects in the power sector in
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