Clipped from: https://www.business-standard.com/article/finance/sahakar-bharati-may-seek-tweaks-in-pmc-bank-s-draft-merger-scheme-121112401279_1.html Five-year interest holiday and final settlement at end of 10 years unfair to depositors Sahakar Bharati may seek reworking of the draft scheme
Category: RBI–Banks
Wilful defaults Rs 62,000 crore higher than before Covid pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/wilful-defaults-rs-62-000-crore-higher-than-before-covid-pandemic-121112500017_1.html Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June Banks saw an
phygital: World of phygital banking will be way forward: Bankers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/world-of-phygital-banking-will-be-way-forward-bankers/articleshow/87887379.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis City Union Bank Managing Director and CEO N Kamakodi said that though the older generations are much comfortable with the manual banking channel,
Niti Aayog moots full-stack Digital Banks in India to bridge MSME credit gap; releases discussion paper – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-niti-aayog-moots-full-stack-digital-banks-in-india-to-bridge-msme-credit-gap-releases-discussion-paper/2375443/ Credit and Finance for MSMEs: While neo banks are also a potentially effective channel to achieve social goals like empowering the hitherto under-banked
How fintechs, banks, govt can reduce lending cost to MSMEs, enhance credit accessibility – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-how-fintechs-banks-govt-can-reduce-lending-cost-to-msmes-enhance-credit-accessibility/2369086/ Credit and Finance for MSMEs: Due to lack of transmission through smaller NBFCs and fintechs, the expected benefits of govt support schemes didn’t reach
ICICI Bank News: ICICI Bank launches online platform to help Indian exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/icici-bank-launches-online-platform-to-help-indian-exporters/articleshow/87864422.cmsSynopsis The objective of this initiative is to increase efficiency and productivity of exporters and importers decongesting the time-taking physical procedures. MUMBAI:ICICI Bankhas announced
Asset quality pains for banks ease, focus on growth likely in H2 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/asset-quality-pains-for-banks-ease-focus-on-growth-likely-in-h2/article37620723.ece?homepage=true NPA situation of the Indian banking system indicates a gradual improvement in the NPA ratio in September 2021 Asset quality pains for banks
Bad-loan market may see a flurry of activity after lull of past few years | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bad-loan-market-may-see-a-flurry-of-activity-after-lull-of-past-few-years-121112101008_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The bad loan market may get a boost from the fact that Centre may not indulge state-run banks anymore by recapitalising them as
RBI report: Lending is trust. Digital, a layer – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-report-lending-is-trust-digital-a-layer/2373989/ The RBI report on digital lending has suggestions on ensuring customers borrow from only verified mediums, and fintech firms that fall under the
BT Exclusive: Interest of crypto investors must be protected; banning not the solution: Amitabh Kant – BusinessToday
Clipped from: https://www.businesstoday.in/crypto/story/bt-exclusive-banning-crypto-not-the-solution-but-need-progressive-pro-innovation-led-regulation-amitabh-kant-313009-2021-11-22 Speaking exclusively to Business Today, the NITI Aayog head said that banning cryptocurrencies was not the solution and that there was a need
C Rangarajan, B Sambamurthy write: Tackling the problem of bad loans
Clipped from: https://indianexpress.com/article/opinion/columns/reserve-bank-bad-loans-india-national-asset-reconstruction-company-7634517/ C Rangarajan, B Sambamurthy write: Despite various attempts to create an efficient framework for resolving bad loans, poor ecosystem and legal delays frustrate
NPAs of NBFCs, HFCs may rise for 3-4 quarters due to tweak in norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-of-nbfcs-hfcs-may-rise-for-3-4-quarters-due-to-tweak-in-norms/article37613501.ece RBI clarified that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears are paid – BIJOY GHOSH
ECLGS: 64% of Rs 4.5 lakh crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-64-of-rs-4-5-lakh-crore-credit-guarantee-scheme-sanctioned-to-1-25-crore-msmes-others-so-far/2373360/ Credit and Finance for MSMEs: ECLGS was modified in September for borrowers under ECLGS 1.0 and 2.0 to make them eligible for additional
Is the worst behind Indian banks? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-the-worst-behind-indian-banks-121112101035_1.html Bankers are seeing better days ahead with expectations of a pickup in credit growth in the next few quarters as corporate India readies
SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-yet-to-refund-rs-164-cr-undue-fee-charged-from-jan-dhan-a/c-holders/articleshow/87831076.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A report by IIT-Mumbai said that during April 2017 to September 2020, SBI had collected over Rs 254 crore towards at least 14
Joint bank account not mandatory for spouse pension, says govt | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/joint-bank-account-not-mandatory-for-spouse-pension-says-govt-121112000856_1.html A joint bank account with spouse is however desirable, the govt said Joint bank account is not mandatory for spouse pension, the government
Gold loans business is not a bed of roses, say Muthoot Finance Chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/gold-loans-business-is-not-a-bed-of-roses-say-muthoot-finance-chief/article37574213.ece?homepage=true George Alexander Muthoot on more players getting into the gold loans biz means vindicating its biz model honed over last eight decades. Gold
Banks need a tight framework, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-need-a-tight-framework-say-experts/article37601204.ece?homepage=true To cover all aspects of venture funding so as to safeguard bankers’ interests Prime Minister Narendra Modi’s vision for banks to support start-ups
RBI’s guidelines on lockers need a rethink – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/burden-on-banks/article37565239.ece The RBI has issued revised guidelines which comes to effect from January 1, 2022 While deciding the case ‘Amitabha Dasgupta vs United Bank
Strengthening financial sector | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/strengthening-financial-sector-121111801536_1.html Governance in the banking system needs to be improved The Reserve Bank of India (RBI) intervened at various levels to contain the impact of Covid-induced
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