Clipped from: https://www.business-standard.com/article/opinion/how-good-is-the-bad-bank-121092601061_1.html The key to the success of the bad loan experiment will be IDRCL’s management team and the incentive structure. It could recover more
Category: RBI–Banks
Why we shouldn’t abandon asset monetisation plan–Michael Pinto writes–Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/asset-monetisation-plan-indian-economy-7536157/ Michael Pinto writes: Critics overstate pitfalls, and hold it up to unreasonable standards Finance Minister Nirmala Sitharaman (PTI/File) In our present polarised atmosphere,
Bad bank will merely camouflage NPAs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bad-bank-will-merely-camouflage-npas/article36683732.ece?homepage=true NARCL does not have the expertise to recover the transferred NPAs The government has announced the setting up of the National Asset Reconstruction
Why liquidity is paramount for a business – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-why-liquidity-is-paramount-for-a-business/2337194/ A business may be very profitable but have a cash crunch which can bring its activities to an abrupt halt Companies and corporate
Are bad banks really good? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/are-bad-banks-really-good/2338952/ As India recovers from its hardest ever economic hit due to Covid-19 the challenges going to be faced by the Bad Bank are
HDFC Bank Loan Policy: HDFC Bank’s loan restructuring 2.0 policy: Terms and conditions, eligibility, charges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/hdfc-banks-loan-restructuring-2-0-policy-terms-and-conditions-eligibility-charges/articleshow/86548784.cmsSynopsis Various banks have announced the terms and conditions for availing their loan restructuring 2.0. Here is a look at the FAQs of HDFC
New Credit Card Rules: Recurring card payments to be affected as new credit, debit card rules kick in from October 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/recurring-card-payments-to-be-affected-as-new-credit-debit-card-rules-kick-in-from-october-1/articleshow/86552869.cmsSynopsis This move by RBI can take growth in recurring payment mandates off the charts even though there might be disruptions in the short
India needs 4-5 more SBI sized big banks, says FM Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/india-needs-4-5-more-sbi-sized-banks-says-fm-nirmala-sitharaman-121092600374_1.html There is an urgent need to scale up banking to meet the growing needs of the industry, she said Finance Minister Nirmala Sitharaman
Rupee Coop Bank depositors oppose DICGIC decision to pay Rs 5 lakh to account holders of stressed coop banks – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rupee-coop-bank-depositors-oppose-dicgic-decision-to-pay-rs-5-lakh-to-account-holders-of-stressed-coop-banks/2337802/ Besides PMC, the large banks include Rupee Cooperative Bank, Kapol Cooperative Bank, Maratha Coop Bank, and City Coop Ban, all from Maharashtra. Rupee
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-permits-lenders-to-sell-fraud-loans-to-arcs-paves-way-for-resolution-121092401209_1.html Legal onus regarding reporting, monitoring, filing of complaints with law enforcement agencies will move to the ARCs post the transfer Photo: Shutterstock The Reserve
bad bank: The good, bad & agla steps: Looks like there’s only one way India’s bad bank could work – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/the-good-bad-agla-steps-looks-like-theres-only-one-way-indias-bad-bank-could-work/articleshow/86491357.cmsSynopsis The bad bank should not be a one-off deal to clean up bank books. Loans will grow, new bad loans will creep in,
Mispricing of risks a concern: SBI chairman Dinesh Kumar Khara – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/mispricing-of-risks-a-concern-sbi-chairman-dinesh-kumar-khara/articleshow/86484994.cmsSynopsis SBI chairman Dinesh Kumar Khara said that idea of bad bank is different from what used to be asset reconstruction companies in the
Cryptocurrency india: RBI ex-Guv Subbarao explains why RBI is anxious about cryptocurrencies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/rbi-ex-guv-subbarao-explains-why-rbi-is-anxious-about-cryptocurrency/articleshow/86475029.cmsSynopsis In an interview with ETMarkets.com, former RBI Governor Dr D Subbarao said RBI’s concerns over cryptocurrencies like Bitcoin are three-fold. MUMBAI: The Reserve
RBI revamps loan transfer and securitisation rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-revamps-loan-transfer-and-securitisation-rules/articleshow/86483409.cmsSynopsis These are part of the sweeping changes the regulator announced in the loan transfer as well as securitisation rules in order to improve
Bad Bank: India Debt Resolution Co takes shape with three directors, Rs 50 cr capital – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/bad-bank-india-debt-resolution-co-takes-shape-with-three-directors-rs-50-cr-capital-307396-2021-09-23 There are plans to attract professionals in the management of affairs of the IDRCL but there is also a possibility of both public
How Account Aggregators can help you get the best loan, insurance or investment deals – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/banking/story/how-account-aggregators-can-help-you-get-the-best-loan-insurance-or-investment-deals-305792-2021-09-02 Account Aggregator is like an exchange platform between banks and institutions sharing the data. It consolidates all the financial data in one place
Issue of certificate of deposits plunges on poor credit demand, excess liquidity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/issue-of-certificate-of-deposits-plunges-on-poor-credit-demand-excess-liquidity/article36631357.ece?homepage=true Market for CDs has been dormant due to lack of funding requirement The total outstanding certificate of deposits (CDs) issued by scheduled commercial
New recurring payment norms from Oct 1: Banks, card issuers in a tizzy | Business Standard News
lipped from: https://www.business-standard.com/article/finance/rbi-s-firm-stand-on-payments-sends-banks-card-issuers-into-a-tizzy-121092301381_1.html Customers are being notified about changes, and alternative methods of payments Photo: Bloomberg Sensing the Reserve Bank of India’s (RBI’s) firm resolve to
Decoded: What is UPI and how does it work?–business-standard
Clipped from: https://www.business-standard.com/the-morning-show/video/decoded/decoded-what-is-upi-and-how-does-it-work-32.htmhttps://player.vimeo.com/video/609239276 Decoded: What is UPI and how does it work? Launched in 2016, UPI is a revolutionary technology framework used for mobile payments in
Exclusive | RBI ex-Guv Subbarao says Fed taper won’t cause tantrums this time – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/exclusive-rbi-ex-guv-subbarao-says-fed-taper-wont-cause-tantrums-this-time/articleshow/86451708.cmsSynopsis The Indian equity market shrugged off the Fed announcement and took the benchmark indices to newer heights on Thursday, as investors’ risk appetite
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