To ensure that there is no delay in decision-making on loans, the banking system is looking at reducing the number of members in a consortium
Category: RBI–Banks
RBI Deputy Governor bats for umbrella law for public credit registry | Business Standard News
Reserve Bank of India (RBI) Deputy Governor Viral V Acharya on Monday called for enacting a special law to enable the proposed public credit registry (PCR) to come into being,
MCA probes Jet Airways on suspicion of siphoning funds: Sources | Business Standard News
The Ministry of Corporate Affairs is probing allegations of fund siphoning at Jet Airways, the country’s second largest domestic airline by market share. “The probe is at
Big cracks surface among banks over inter-creditor agreement pinpricks | Business Standard News
All’s not well among banks despite a public show of solidarity on the stated merits of the freshly minted inter-creditor agreement (ICA) to clean up the dud-loan
Govt’s amendments must to boost credit bureaus, says NS Vishwanathan | Business Standard News
The Reserve Bank of India (RBI) wants to strengthen the credit bureaus, but to do that the government has to make some legislative amendments, RBI Deputy Governor
Govt decides against removing RBI nominees from PSB boards, cites NPA issue | Business Standard News
The government has decided to turn down the Reserve Bank of India’s (RBI’s) demand for removing the regulator’s nominees from the boards of public sector banks (PSBs).
Small biz exports hit by GST refund delay – The Economic Times
Exports by small businesses were adversely affected by a delay in refund of upfront goods and services tax (GST) and input credit, which put pressure on their
Bad loans: Make pre-sanction process more diligent, RBI official tells banks – The Financial Express
One of the areas which the central bank has been emphasising is making the banks identify stress early, he said. A senior central bank official
MSMEs finance: Look who’s eating away banks’ share – The Financial Express
The share of credit provided by banks to micro, small and medium enterprises (MSMEs) has declined since September 2016, even as the share of loans
Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs | Business Standard News
The government has asked the Reserve Bank of India (RBI) to consider diluting the Prompt Corrective Action (PCA) framework, to ensure that regulatory sanctions against
RBI is right | Business Standard Editorials
The Allahabad High Court is set to hear on Monday the Reserve Bank of India (RBI)’s final submissions on a case filed by power companies
Cosmos Bank Hacking: North Korean connection to Cosmos hacking? Signs point to Bangladesh heist masterminds–Economic Times
The highly orchestrated event could be the handiwork of Lazarus, North Korea’s most prolific hacking group Hackers targeted an 112-year-old Pune bank, Cosmos, last week in
NPA worries: Outlook on banks to remain negative, warns Fitch; this whopping amount needed to bolster capital – The Financial Express
The rating agency believes the country’s banks will need USD 40-55 billion in additional capital to meet the Basel-III requirements by 2019. The outlook for
Lenders can sell assets of personal guarantors under IBC: Apex court – The Financial Express
The Supreme Court on Tuesday ruled that banks can sell off assets of personal guarantors even when corporate resolution proceedings are on against the corporate
A new all-time low: Rupee at 70 a dollar now, but let us be reasonable | Business Standard News
The rupee has already plunged under 70 to a dollar. How much more? The question is very relevant, now that the rupee has breached that
Rupee rumbles – The Hindu BusinessLine
The rupee’s move towards the 70 mark against the dollar in the recent bout of weakness triggered by contagion-risk in emerging market currencies helps highlight
How Corporation Bank’s ‘halla bol’ on NPAs began yielding results – The Hindu BusinessLine
The Hindi phrase ‘halla bol’ is usually associated with aggression. However, Mangaluru-based Corporation Bank is using it in a peaceful way to raise its voice
Banks’ outlook negative till capital position improves: Fitch – The Hindu BusinessLine
The outlook on Indian banks will stay negative due to weak core capitalisation, expectation of elevated credit costs, and poor earnings, Fitch Ratings said on
‘NPA additions to slow down after Sept 2019’ – The Hindu BusinessLine
The overall stress in commercial lending has not been increasing and the NPA addition to the banking system is expected to slow down after September
RBI lens on 200 bad-loan accounts – The Economic Times
The Reserve Bank of India (RBI) has been examining about 200 bad-loan accounts going as far back as 2011as part of its annual inspection of
