Category: RBI&#8211;Banks

India Inc has nearly Rs 1.8 lakh crore of cash trapped in it balance sheet as working capital situation worsens on account of increase in

[ MSME ] –Nirav Modi fallout: As banks tighten purse strings, fintech can fill the void – The Economic Times–09.03.2018

By Rajat Gandhi For the millions of small businesses in the country, the current mess in the banking sector and the entire Nirav Modi and

India should open door wider to global bond buyers | Mihir Sharma | editorials | Hindustan Times–09.03.2018

Hoping to jump-start its “Make in India” manufacturing push, India’s government has rolled out the welcome mat for foreign investors. It should consider doing the

Bankruptcy Cases: Two close to resolution; six at different stages; four nowhere–09.03.2018

The creditors have chosen Tata Steel and UK-based Liberty House for running the bankrupt companies Bhushan Steel and Amtek Auto, respectively. Of the remaining 10

State-run banks facing over USD 3 billion of losses on bonds in Jan-March: Credit Suisse–Business Today–08.03.2018—–*****

India’s state-run banks – already bruised by the sprawling Punjab National Bank fraud case and soaring provisions for bad loans – are facing much higher

Banks need to overcome problems fast to lend large credit: Ex-RBI guv Rangarajan | business news | Hindustan Times–08.03.2018

Indian banks need to overcome their current problems quickly to be able to lend in large amounts, former Reserve Bank governor C Rangarajan has said.

Highest bidder right choice under IBC–Economic Times–07.03.2018

The government has done the right thing by instructing public sector banks to go by the value of the bid while assessing alternate offers for

[ Interest ] Rate reversal – Business Line–07.03.2018

The decision by the country’s largest bank, SBI, and other lenders such as ICICI Bank, Axis Bank and PNB to hike their lending rate across

PSU banks need an ethical business environment | opinion | Hindustan Times–07.03.2018

Janmejaya Sinha While reforming the PSBs, the State Bank of India can remain majority government owned because of its size and importance, but it should

NBFCs: govt’s timely warning–Deccan Herald–07.03.2018

The government’s decision to declare 9,491 non-banking finance companies (NBFC) as belonging to the high-risk category may have been prompted by the discovery of a

Missed Warnings How Watchdogs Failed To Spot 2 Billion PNB Fraud – BW Businessworld–06.03.2018

Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank’s

Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL–Business Today–06.03.02018

The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code

Waning Interest in Stressed Assets- Business News–06.03.2018

Insolvency proceedings against the 12 big companies are the first test of the effectiveness of the Insolvency and Bankruptcy Code (IBC) in handling non-performing assets

[ IBC–Bank NPAs ] Acting in Haste- Business Today–06.03.2018

The world’s largest economy, the US, has seen a decline in bankruptcy momentum in the last decade. From 300 bankruptcy filings (with debt of $4,09,534

These 5 banks have highest number of wilful defaulters – The Financial Express–06.03.2018

These 5 banks have the highest number of wilful defaulters In the mid of February, a hidden fraud of Rs 11,400 crore, which rose to

Who wants public sector bank reforms, anyway? | Business Standard Column–06.03.2018—–*****

Every few months, our public sector banks (PSBs) are in the news. One kind of news is about their huge losses. Some Rs 5 billion

RBI imposes penalty on Axis Bank, IOB – Business Line–06.03.2018