The Reserve Bank of India agreed to amend its June 13 press release after the Gujarat High Court expressed surprise at the document’s wording,
Category: RBI–Banks
Government likely to pump more money into PSU banks – The Economic Times–07.07.2017
The government is likely to infuse more money in state-run banks amid crackdown on bad loans and increasing capital needs under Basel III guidelines. According
alternative lending startups: How alternative lending startups are rewriting traditional lending habits in India – The Economic Times–07.07.2017
Suguresh Desai, 37, an executive with TVS Group, had been using his credit card to make payments. Recently, he decided to borrow Rs 1 lakh
RBI: Customers should report fraud in 3 days to avoid losses: RBI – The Economic Times–07.07.2017
In a major step to protect customers from large financial losses on account of frauds, Reserve Bank of India has capped the customer liability at
Billionloans: Indian banks have legacy technologies, says Billionloans founder V Balakrishnan – The Economic Times–07.07.2017
Former Infosys CFO V Balakrishnan and Rangan Varadan, founder of peer-topeer lending platform MicroGraam, launched Billionloans in March and shortly after raised about Rs 7
Why some brokerages have turned positive on Punjab National Bank | Business Standard News–07.07.2017
A week after Nomura turned positive on Bank of Baroda (BoB), it is the turn of Punjab National Bank (PNB) to enjoy a rating upgrade
RBI Deputy Guv Viral Acharya suggests setting up public credit database | Business Standard News–07.07.2017
Reserve Bank of India (RBI) Deputy Governor Viral Acharya wants the central bank to set up a public credit registry (PCR), an extensive database of
ATM fraud prevention, mobile fraud prevention: Here’s how to keep your money safe – The Financial Express–07.07.2017
Fraudsters used advanced card skimmers to read debit and credit card data during usage, and later illegally withdrew money from the people’s accounts. Sample this:
Bank NPAs crisis: Insolvency process can only get delayed if courts entertain appeals against RBI orders
On June 13, the central bank had identified a clutch of 12 accounts—this included Essar Steel—that were to be referred by banks to the NCLT,
Giving NPAs a decent burial–Economic Times–06.07.2017
By Reshmi Khurana The government and regulators are paying urgent attention to India’s large and mounting non-performing assets (NPAs). Last month, the Securities and Exchange Board
IDFC to accelerate lending, plans to achieve vision of mass retail banking
IDFC Bank, which concluded first full year of operations in 2017, said its vision is to become a mass retail bank in five years. To
Using bank merger to raise resources will not provide new model to investors; here is why–Financial Express–06.07.2017
The Narasimham Committee-I of 1991 had recommended that the system finally should move towards having a handful of national level banks which can compete globally.
Banks see credit growth for SMEs & self-employed after GST rollout–Economic Times–05.07.2017
With detailed information on taxes and businesses now available in an electronic format, bankers believe SME and self-employed portfolio may see faster credit expansion. These
Banking sector: More of a crisis than opportunity–Business Standard–05.07.2017
The NPA situation is likely to get worse. The Reserve Bank of India’s (RBI’s) Financial Stability Report projects gross non-performing assets (NPAs) could rise to
Recast of state-run banks before stake sale wrong: RBI ex-guv Y V Reddy
Former RBI Governor Y V Reddy has said that the idea of government first restructuring public sector banks (PSBs) and then selling a stake in
Bank loans to individuals: Growth hits slowdown in May–Financial Express–04.07.2017
The growth in bank loans to individuals was 13.7% year-on-year (y-o-y) in May, compared with 19.1% recorded in the same month of 2016, data released
Bad loans at Indian banks climb to a 15-year high and may increase further–Financial Express–02.07.2017
Weakness in the Indian banking system is a threat to growth in Asia’s third-largest economy and may stall Prime Minister Narendra Modi’s plan to revive
Stress in the economy could worsen NPA woes: RBI – The Economic Times–01.07.2017
The health of India’s banking system deteriorated further in the second half of last fiscal year due to rising bad loans and eroding profitability, but
The NPA denouement–Business Standard–30.06.2017
Banking stocks have in the last few days faced pressure from worried investors after the Reserve Bank of India (RBI) surprised many banks by demanding
Why Bank of Baroda is among preferred PSBs–Business Standard–30.06.2017
Bank of Baroda (BoB) is among the few public sector banks (PSBs) which are better placed to reclaim the lost investor faith. According to a
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