The RBI governor Urjit Patel has soght more legislative powers to effectively regulate state-owned banks. His plea to the Parliamentary Standing Committee on Finance to
Category: RBI–Banks
Tally add-on enables small biz to get loans – The Economic Times–14.06.2018
US-based online lending platform Biz2Credit is forecasting a sharp jump in lending to small and micro enterprises following the implementation of the goods and services tax (GST)
Get a loan within 24 hrs! Amazon India launches lending network for sellers | Business Standard News–14.06.2018
In another India-first initiative, Amazon has launched a lending network connecting lenders and its sellers, who will be able to avail loans at competitive rates in as
Bad bank = Bad idea: There’s dubious merit in a rehab clinic for toxic debt | Business Standard News–13.06.2018
Bad ideas keep returning to the corridors of power in New Delhi with the unfailing regularity of migratory birds. This year is no exception. According
India’s NPAs and the global scenario – Business Line–13.06.2018
Though globally India’s position is unsatisfactory, time-bound resolution of NPAs under IBC should ease banks’ burden The non-performing asset (NPA) issue facing banks has dominated
Going on a hike | The Indian Express–13.06.2018
In its most recent meeting, the Monetary Policy Committee (MPC) of the RBI raised the policy interest rate for the first time since it was
Low recoveries of NPAs: RBI data – The Hindu–13.06.2018
Low recoveries of NPAs: RBI data Sobhana K. Nair Figures provided by RBI Governor Urjit Patel before parliamentary Standing Committee on Finance show write-offs mainly
No easy solutions: on tackling NPAs – The Hindu–13.06.2018
A ‘bad bank’ is not a magic bullet; tackling NPAs requires other structural reforms as well Union Minister Piyush Goyal, currently in charge of the
RBI releases draft norms to modify loan system for large borrowers – The Economic Times–12.06.2018
The Reserve Bank today came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers enjoying working capital facility from the banking system. The draft
How depositors are affected when there are frauds, NPAs, explains ex-RBI governor YV Reddy – The Financial Express–12.06.2018
Former RBI governor YV Reddy has slammed the government and the central bank for the Rs 13,000 crore scam at the Punjab National Bank (PNB), saying that there
Taming India’s core inflation: Rate hike was inevitable, but sticking to neutral stance risks MPC’s credibility – The Financial Express–12.06.2018
It is difficult to comprehend a situation in which we confront inflation outside food—the so-called “core inflation”. The narrative about food inflation being the key
Why push for a bad bank when NCLT working fine – The Financial Express–12.06.2018
Last year, when the Economic Survey made a pitch for a bad bank—Public Sector Asset Rehabilitation Agency (PARA)—the primary reason for doing so was that,
Reserve Bank aims to tighten working capital loan norms – The Hindu–12.06.2018
Proposes at least 40% loan component in credit of ₹150 cr. and above from Oct. 1 The Reserve Bank of India (RBI) has proposed a
Public Credit Regisgtry–Don’t spoil a good idea with monopoly–Economic Times–10.06.2018
The RBI’s High-Level Task Force on creating a Public Credit Registry (PCR) for India has recommended an in-house repository having extensive information on all borrowers.
Welcome reform of the bond market: RBI’s latest steps will improve capital allocation–Economic Times–10.06.2018
The Reserve Bank of India has announced welcome steps to shore up the government securities (G-Sec) market. It would boost financial sector development, better determine
These platforms are creating a difference by empowering the MSME sector – The Financial Express–10.06.2018
Government and RBI have been working on empowering MSMEs. After special schemes to support the segment, the government also announced the allocation of 3lakh crores to MUDRA Bank under
Bankers’ panel to study setting up of reconstruction firm for NPA clean-up – Business Line–09.06.2018
The possibility of floating an asset reconstruction company (ARC) and/or an asset management company (AMC) for faster resolution of stressed assets, need for consolidation to
Mid-year auditor exits rise sixfold in six years – The Hindu–09.06.2018
Mid-year auditor exits rise sixfold in six years Growing friction between them and companies over sharing of financial information could be one of the reasons
RBI amends Gold Monetisation Scheme to make it more attractive – The Financial Express–08.06.2018
The Reserve Bank of India (RBI) has made changes in the Gold Monetisation Scheme (GMS) to make it more attractive. The revamping of the scheme
PSBs recapitalisation plan insufficient to support credit growth, says global ratings agency Moody’s – The Financial Express–08.06.2018
Global ratings agency Moody’s today said the government’s recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital needs, but will be
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