BUSINESS
CSB Q3 results show asset quality woes; high reliance on gold continues
Private lender CSB Bank has seen a rise in its actual bad loans if one exclude the impact of the Supreme Court order.
BUSINESS
SBI, HDFC Bank and ICICI Bank in 2020 list of 'too-big-to-fail' lenders, says RBI
'Too-big-to-fail' lenders are banks whose failure could impact the financial system as a whole because of their size and interconnectedness. This list is published every year.
BUSINESS
HDFC Bank plans two-pronged approach to fix digital outage
HDFC Bank will implement a short-term plan in 10-12 weeks and work on long-term solutions thereafter that could take 12-18 months.
BUSINESS
Banking Central: Now that DHFL bidding war is over what awaits various stakeholders?
DHFL’s creditors will get around one-third of what they lent to the company but something is always better than nothing.
BUSINESS
Analysis | HDFC Bank presents a good set of Q3 numbers but asset quality pressure visible
The gap between gross NPAs reported and proforma GNPAs is 57 bps.
BUSINESS
RBI open to idea of ‘bad bank’ if there is a proposal, says Governor Shaktikanta Das
Das said the idea of bad bank has been under discussion for a long time.
BUSINESS
RBI governor Shaktikanta Das calls for stronger governance structure in banks, NBFCs
Das said economic recovery is visible and banks need to support the recovery
BUSINESS
Bank credit growth shows some pick-up, can it sustain?
For the fiscal year so far, bank credit has grown by 3.2 per cent as against 2.7 per cent in the comparable period in the previous year. In the last fortnight alone, bank credit grew by Rs 1.6 lakh crore.
BUSINESS
Piramal emerges as preferred bidder for DHFL after voting by lenders
An announcement is expected soon. The Committee of Creditors will meet early next week to issue the Letter of Intent to the Piramal Group.
BUSINESS
Abundant liquidity, record low rates help lenders go big in home loan market
In recent weeks, banks, including State Bank of India, have come up with a flurry of offers such as concession for women borrowers, additional concession through digital channels and processing fee waivers and so on.
BUSINESS
RBI constitutes working group on digital lending
The working group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.
BUSINESS
What lies ahead for Assam microlenders?
Microlenders operating in Assam may face an impasse following the enactment of a recent state law
BUSINESS
DHFL’s NCD holders want a bigger pie
63 Moons, one of the NCD holders, has moved a petition with NCLT and is grouping other NCD holders before the next hearing.
BUSINESS
Analysis | Financial Stability Report: How worrying is RBI’s bad loan projection?
RBI’s warning on spike in Gross NPAs to 14.8 percent of total loans is a worst-case scenario. That may not necessarily happen if the economy picks up
BUSINESS
Invest more in IT platforms to fortify public confidence in digital transactions, RBI governor tells banks
The RBI governor’s comment is significant in the context of major digital outages reported by some of the big banks such as HDFC Bank and State Bank of India in the recent past.
BUSINESS
DHFL bidding war nears climax; Piramal makes a strong pitch for the mortgage firm
In a statement on Monday, Piramal listed ten things to argue that its bid has a clear upper hand over Oaktree
BUSINESS
Banking Central | Lenders should practise what they preach on customer protection
Unless lending institutions keep a strict check on recovery agents, customer fairness will remain on paper
BUSINESS
Why bank lending doesn’t always lead to higher investments
Companies which borrow from more liquid banks invest more, shows RBI paper. Else, companies use the money to meet liabilities.
BUSINESS
Piramal Group launches blistering attack against Oaktree bid for DHFL
Piramal Group contests Oaktree's bid for DHFL, strongly objects to at least five claims made by the US asset management company in its bid for DHFL.
BUSINESS
Assam Microfinance Bill Might bring back ghosts of decade-old AP Act
Certain provisions of the Assam Microfinance Institutions (Regulation of Moneylending) Bill, 2020, are a repeat of the 2010 Andhra Pradesh Microfinance Bill, industry officials say. These rules could potentially harm the sector.
BUSINESS
India’s big co-operative banks facing trust-deficit; struggle to survive
Since 2003, 385 UCBs have had their licences cancelled or withdrawn, or have been merged with stronger ones, the RBI data shows.
SECTOR
Union budget 2021: Creation of bad bank, additional demand stimulus measures key for banking sector
Bank credit growth remains depressingly slow due to poor demand in the economy and erosion in consumer confidence.
BUSINESS
Explained | What does private banks’ quarterly business update data tell us?
The demand for loans is a direct function of the economic activity on the ground. The good news is that even at a tough phase, smaller private banks have managed to come with a healthy set of numbers.
BUSINESS
Banking Central | RBI is accountable for its failures
In the last few years, multiple cases have exposed the weak links in RBI's supervision of private financial institutions. The regulator needs to be made answerable for its failures as well.
