Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-selloff-potential-investors-want-rs-34kcr-npas-given-to-bad-bank/articleshow/89234148.cmsSynopsis These suggestions have been made in the investor feedback sought by KPMG, the transaction advisor for the IDBI Bank strategic sale, according to
Category: RBI–Banks
Bank NPAs down but restructured advances could pose problems: Economic survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-npas-down-but-restructured-advances-could-pose-problems-economic-survey/articleshow/89246386.cmsSynopsis Both gross NPA ratio and net NPA ratio of banks has declined since 2018-19 with GNPA ratio down to 6.9% in September 2021
Bad bank: ‘Bad bank faces new challenges with a change in structure’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-faces-new-challenges-with-a-change-in-structure/articleshow/89232836.cms SynopsisThe newly-minted bad bank faces obstacles in the resolution of stressed assets as the final structure and contours of the institution get more
Over 66 lakh MSMEs registered on Udyam portal, 95% are micro enterprises, 0.5% medium firms: Economic Survey 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-66-lakh-msmes-registered-on-udyam-portal-95-are-micro-enterprises-0-5-medium-firms-economic-survey-2021-22/articleshow/89243928.cmsSynopsis The Economic Survey also highlighted the Champions portal as being an ICT based technology system for making the smaller units big by helping
Over 95 lakh borrowers, Rs 2.28 lakh crore disbursed under ECLGS: Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-95-lakh-borrowers-rs-2-28-lakh-disbursed-under-eclgs-eco-survey/articleshow/89243780.cmsSynopsis Among other efforts, the Reserve Bank of India announced a 6 month moratorium and deferment of interest for all term loans which was
What is reverse repo normalisation? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/explained-reverse-repo-normalisation-rbi-7746913/ To understand what is reverse repo normalisation, it is important to understand what is reverse repo and how it is not “normal” at
PMC depositors move SC against final merger plan with Unity SFB | Business Standard News
lipped from: https://www.business-standard.com/article/finance/pmc-depositors-reject-merger-scheme-with-unity-sfb-will-appeal-before-sc-122012700316_1.html Among other haircut terms, depositors have to wait for 10 years to get back their money if the amount is more than Rs
Payout to be Rs 4k cr to return up to Rs 5 lakh to PMC depositors: Centrum | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/payout-will-be-rs-4k-cr-to-give-up-to-rs-5-lakh-to-pmc-depositors-centrum-122012701490_1.html In a Q&A Jaspal Bindra, Chairman of Centrum Group says Unity SFB will take some cash assistance from DICGC to meet the liquidity
96% PMC Bank depositors to be paid upfront: Unity SFB | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/96-pmc-bank-depositors-to-be-paid-upfront-unity-sfb-122012701486_1.html On January 25, the finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and bringing relief
Rs 50,000 crore of NPAs may be transferred to NARCL in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rs-50-000-crore-of-bad-debts-may-be-transferred-to-narcl-in-fy22-122012900034_1.html Overall, 38 accounts worth Rs 83,000 crore identified: SBI chairman Dinesh Kumar Khara, Chairman, SBI (Photo: Kamlesh Pednekar) Lenders are set to transfer
RBI ‘behind the curve’ criticism: Patra says approach has served us well | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/rbi-behind-the-curve-criticism-patra-says-approach-has-served-us-well-122012801809_1.html Addressing criticism of the RBI being “behind the curve”, Michael Patra said that so far, “the approach has served us well”. RBI Deputy
India is on course to be among the fastest growing economies of the world: RBI DG Patra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/india-is-on-course-to-becoming-among-the-fastest-growing-economies-of-the-world-rbi-dg-patra/article64943047.ece RBI Deputy Governor Michael Debabrata Patra noted that the impact of second wave is relatively less severe India is on course to be
Bad Bank set to begin with 15 stressed assets worth ₹50,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/narcl-story/article64943691.ece NARCL will acquire the identified assets by paying the lenders 15% of the acquisition value in cash and 85% via Security Receipts In
Government, RBI urged to review scheme of amalgamation of PMC Bank and Unity SFB – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/goi-and-rbi-should-review-scheme-of-amalgamation-of-pmc-bank-with-unity-sfb-sahakar-bharati/article64940458.ece Sahakar Bharati, a representative body of co-operatives, said the scheme is loaded against PMC Bank depositors Sahakar Bharati on Wedesday said the Government
inflation: View: Dear govt and RBI, stop ignoring the inflation elephant in the room – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-dear-govt-and-rbi-stop-ignoring-the-inflation-elephant-in-the-room/articleshow/89101057.cmsSynopsis Even if one were to look at the problem from the demand side, what is relevant is ‘monetary demand’. In the US’ case,
The era of smart savers: How fintech industry is revolutionising finance in India – The Financial Express
Clipped from: https://www.financialexpress.com/lifestyle/the-era-of-smart-savers-how-fintech-industry-is-revolutionising-finance-in-india/2413224/ Fintech and youth seem to be a match made in heaven, as youngsters increasingly get serious about money, a trend promoted by digital
Bankers await RBI nod on revised bad bank structure – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/bankers-await-rbi-nod-on-revised-bad-bank-structure/2412759/ “What has been proposed now is a principal-agent relationship where the asset resolution will be outsourced to the IDRCL. So far we haven’t
Reserve Bank of India juggles liquidity ops under revised framework | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reserve-bank-of-india-juggles-liquidity-ops-under-revised-framework-122012200036_1.html Conducts special variable rate repo operation to ease tight liquidity situation Reserve Bank of India The Reserve Bank of India (RBI) on Friday once again
What happens when you miss your BNPL payment? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/did-you-know/story/what-happens-when-you-miss-your-bnpl-payment-319222-2022-01-15 While the BNPL industry is expected to grow in India, it is important to note the risks that come from hidden costs, lack
How Digital Banking Is Slowly Taking Over Traditional Banking | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/sponsored-business/how-digital-banking-is-slowly-taking-over-traditional-banking-7735409/ Digital banking offers customers the convenience of banking at their fingertips with 24×7 availability and secure transactions. Digital Banking The new generation lives
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