Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-financial-health-group-withered-well-before-pandemic-says-rbi-order/articleshow/86843251.cmsSynopsis The regulator was quite annoyed with repeated violations of prudential norms, including income recognition, asset classification and provisioning (IRACP), ever-greening of loans and
Category: RBI–Banks
SREI group’s financial health withered well before pandemic, says RBI order – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-financial-health-group-withered-well-before-pandemic-says-rbi-order/articleshow/86843251.cmsSynopsis The regulator was quite annoyed with repeated violations of prudential norms, including income recognition, asset classification and provisioning (IRACP), ever-greening of loans and
Subramanian Swamy: SC refuses to entertain plea of BJP MP Subramanian Swamy for guidelines to check rising NPAs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-refuses-to-entertain-plea-of-bjp-mp-subramanian-swamy-for-guidelines-to-check-rising-npas/articleshow/86840336.cmsSynopsis At the outset, BJP MP Subramanian Swamy, who appeared in person, said that his petition deals with the issues of ever-rising NPAs in
Fixed vs floating home loan interest rate: Which one should you opt for? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/fixed-vs-floating-home-loan-interest-rate-which-one-should-you-opt-for/articleshow/86702431.cmsSynopsis A fixed rate home loan in which the interest rate is pre-fixed for the tenure of the loan provides a known cash outflow
Professional Loan: What it is, who can opt for it – Here’s all you need to know – The Financial Express
Clipped from: https://www.financialexpress.com/money/professional-loan-what-it-is-who-can-opt-for-it-heres-all-you-need-to-know/2345565/ Attractive lower interest rates, flexible loan tenure, low processing fees and a completely digitally-enabled platform make these types of loans an ideal tool
‘We want to have more ‘buy now, pay later’ customers than any card company’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-want-to-have-more-buy-now-pay-later-customers-than-any-card-company/article36873310.ece Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE× MobiKwik co-founder Upasana
Bitter, but essential, medicine for Srei – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/bitter-but-essential-medicine-for-srei/articleshow/86790445.cmsSynopsis India needs a separate framework for resolving financial intermediaries, and not use IBC meant for resolving the bad loans of non-financial debtors for
Moody’s affirms ratings of 9 Indian banks, changes outlook to stable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/moodys-affirms-ratings-of-9-indian-banks-changes-outlook-to-stable/articleshow/86808528.cmsSynopsis Moody’s also affirmed the long-term local and foreign currency deposit ratings of Bank of Baroda, Canara Bank, Punjab National Bank and Union Bank
Srei lenders, second casualty of IL&FS implosion, now await a tense future – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-lenders-second-casualty-of-ilfs-implosion-now-await-a-tense-future/articleshow/86804718.cms SynopsisThe woes of both the beleaguered DHFL and Srei entities arise from the collapse of IL&FS. The liquidity crisis after the collapse of
Indians usher in this festive season with higher bills, looming inflation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indians-usher-in-this-festive-season-with-higher-bills-looming-inflation/articleshow/86811945.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Surging fuel prices and the possibility of a severe coal shortage in the country – which have intensified the fear of inflation- also
How Bad Banks will help boost credit flow to economy – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/how-bad-banks-will-help-boost-credit-flow-to-economy-308621-2021-10-06 Unless the economy struck by pandemic, recently, and policy shocks in the recent past, goes on the path of “dream run”, credit demand
RBI: People vs. banks: Will the common man benefit as the transparency fight enters the last leg? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/people-vs-banks-will-the-common-man-benefit-as-the-transparency-fight-enters-the-last-leg/primearticleshow/86787645.cms SynopsisThe RBI and banks are believed to be working on ways to give better public disclosure. A draft will be presented to the
monetary policy: Deepening energy crisis raises inflation alarm as RBI meets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/deepening-energy-crisis-raises-inflation-alarm-as-rbi-meets/articleshow/86800039.cmsSynopsis While gains in consumer prices are, for now, within the Reserve Bank of India’s 2%-6% target range, the core measure — which strips
Self-employed, non-salaried draw the gaze of housing financiers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/self-employed-non-salaried-draw-the-gaze-of-housing-financiers/article36835465.ece Lenders see rise in demand for home ownership in this huge chunk of population Housing finance companies are betting big on self-employed and
Srei Infra and Equipment Finance have debt obligations of over ₹29,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-infra-and-equipment-finance-have-debt-obligations-of-over-29000-crore/article36836171.ece Most banks have been providing for their exposure to the two companies The Reserve Bank of India is expected to soon initiate the
Liquidity normalisation is upon us | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/liquidity-normalisation-is-upon-us-121100600091_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Growth prospects have brightened and inflation outlook has eased, despite lingering concerns as to potential broad-based supply shocks The path of the economy’s
How new auto-debit rules that require customer consent will impact you | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-new-auto-debit-rules-that-require-customer-consent-will-impact-you-121100501375_1.html All kinds of recurring or auto-debit payments now require the customer’s consent before they are cleared, mandate RBI’s new rules. What does this
New order for NBFCs | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/new-order-for-nbfcs-121100501533_1.html RBI’s timely action on Srei shows willingness to use its powers The Reserve Bank of India (RBI), as the regulator of banks and
Corporate frauds likely to spike in post-Covid set-up, says survey | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/corporate-frauds-likely-to-spike-in-post-covid-set-up-says-survey-121100600078_1.html Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years About 63 per cent
Interest rates — We are in a neutral zone now – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-interest-rates-we-are-in-a-neutral-zone-now/2344486/ So far, the RBI has been on a rate reduction cycle. Gradually, as economic recovery gains traction, the RBI will change stance as
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