Mergers of PSU banks should be done only after balancesheets are cleaned up and these are nursed back to health with adequate capitalisation, said former
Category: RBI–Banks
Insolvency Code: Home buyers’ plight and how realty firms should be treated | Business Standard News–13.09.2017
In an ongoing insolvency case against real estate company Jaypee Infratech, the Supreme Court on Monday directed the company to deposit Rs 2,000 crore by
Banks need $65 billion more capital to meet Basel-III norms: Fitch | Business Line–13.09.2017
Fitch Ratings on Tuesday said capital needs of Indian banks have fallen from its previous estimate of $90 billion to $65 billion, largely as a
How can RBI manage surplus liquidity? | Business Line–13.09.2017
Rather than lower rates, the RBI is likely to allow the rupee to rise a bit and sell bonds to deal with dollar inflows through
It may not be feasible to have a weak rupee: HSBC India’s Hitendra Dave | Business Standard News–11.09.2017
How is HSBC India doing and what is the perception of India among foreign investors? There are challenges to the economy. One of the things
Next set of NPAs must have credit rating: RBI | Business Standard News–11.09.2017
A resolution plan finalised for the next set of stressed assets identified by the Reserve Bank of India (RBI) will be subject to a rating
Online platform for MUDRA loans on the cards, says CEO | Business Line–11.09.2017
Micro Units Development & Refinance Agency Ltd (MUDRA) is toying with the idea of setting up an online platform to help more micro units across
Public sector banks choke on bad loan mess | Business Standard News–09.09.2017
Public sector banks (PSBs) saw their loan book shrink for the first time in at last two decades as advances fell by Rs 1.35 lakh
Allow bank boards to hire and fire CEOs, says Raghuram Rajan | Business Standard News–09.09.2017
Former Reserve Bank of India (RBI) governor Raghuram Rajan has said bank boards needed to be more independent and should be able to hire and
Insolvency and Bankruptcy Code: How stakeholders are learning on the job | Business Standard Column–09.09.2017
Nine months from the time the Insolvency and Bankruptcy Code has come into effect, all the stakeholders, including creditors, promoters, insolvency professionals and regulators, are
PSU banks’ recapitalisation challenging, say analysts | Business Standard News–09.09.2017
Reserve Bank of India (RBI) deputy governor Viral Acharya’s urgings on the capitalisation need of public sector banks (PSBs) are fine but implementation is the
Raghuram Rajan: Close down Department of Financial Services – The Financial Express–09.09.2017
Former Reserve Bank governor Raghuram Rajan today said governance reforms at state-run lenders will get complete only with the shuttering of the Department of Financial
NPAs: Post-demonetisation economy: Exorcising DeMo’s demons – The Economic Times–08.09.2017
GoI should expeditiously complete already launched reforms in the bankruptcy law, rules and procedures, and the clean-up of the NPAs in PSBs. From the GDP
NPA: RBI Deputy governor Viral Acharya suggests selling off PSU bank laggards – The Economic Times–08.09.2017
Reserve Bank of India deputy governor Viral Acharya has suggested that deposit franchise of state run banks which are in the ‘intensive care unit’ be
Must restore banks’ health in months, if not weeks: RBI – The Hindu–08.09.2017
Reserve Bank of India’s deputy governor Viral Acharya said a feasible plan was quickly needed to address the massive recapitalisation requirements of public sector banks.
BankBazaar: Online lending marketplaces look at digital players to expand customer base – The Economic Times–07.09.2017
As digital-lending platforms come up with innovative products to disrupt the lending space, marketplaces which connect them to potential borrowers are opening up to enlisting
‘Tax rebates to consumers, traders to promote digital payments’ – The Financial Express–07.09.2017
Traders body CAIT today suggested several measures such as tax benefits to both consumer and merchant to promote digital payments in the country. The Confederation
Focus on cleaning bank books, rather than mergers: Raghuram Rajan | Business Line–07.09.2017
Excerpts: There is some criticism of the powers given to the RBI to direct banks to act against defaulters. Is it a good idea
Biggest challenge is to clean up balance sheets of PSBs: Raghuram Rajan – The Financial Express–06.09.2017
Former RBI Governor Raghuram Rajan today said the biggest challenge is cleaning up the balance sheets of public sector banks. “RBI (during his tenure) issued
Jaypee Infratech, other homebuyers could derail NCLT; solution could cause them massive losses – The Financial Express–06.09.2017
Just when it seemed the Supreme Court (SC) had given the insolvency process a big boost through the Innoventive Industries judgment last week, the stay
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