BUSINESS
SBI home loans: With Its aggressive bet on home loans, the elephant is dancing once again
Amid tight industry competition and pandemic, SBI has taken an aggressive position in fresh retail business acquisition. It has been a consistent performer operating within the constraints of Government ownership
BUSINESS
New RBI rules: Banks may lose edge in MFI business
The proposed uniform regulations for all types of lenders in microfinance space will be positive for NBFC-MFIs and negative for banks
BUSINESS
Explained | Why RBI is buying bonds worth Rs 20,000 crore and other questions answered
The RBI needs to keep the bond market happy and yields within a limit so that the government’s Rs 12.06 lakh crore borrowing plan has a smooth run.
BUSINESS
Banking Central: Another farm loan waiver, another jolt to the taxpayer
Loan waivers have damaged the credit discipline and resulted in a spike in loan defaults over the years
BUSINESS
RBI issues diktat to officials to prevent leaks and stick to official position
Internal circular issued asking officers not to talk to the press after reports of RBI planning another demonetisation. The RBI had denied these reports.
BUSINESS
Exclusive interview | HDFC Bank doesn’t expect wholesale NPAs to deviate from past trend, says wholesale banking head
Rahul Shukla says the concept of bad bank is very good and it is good that the proposed bad bank is not being funded by public money.
BUSINESS
PMC Bank gets three final bids; evaluation to decide winner underway, says RBI Governor Shaktikanta Das
PMC Bank was superseded by the RBI in September 2019 due to poor finances and major corporate governance violations.
BUSINESS
RBI awaiting formal proposal from government on bad bank: Shaktikanta Das
Union Finance Minister Nirmala Sitharaman announced the Bad Bank proposal in the Budget 2021
BUSINESS
RBI monetary policy | Shaktikanta Das delivers on his promise to lend a hand to shore up economy
At this point, the tone of the monetary policy is growth, and not inflation, and rightly so.
BUSINESS
Will the RBI Monetary Policy spoil the Budget party today?
The overall growth scenario remains fragile. Sudden withdrawal of liquidity could hurt growth and spook financial markets. The MPC is unlikely to take that risk for now.
BUSINESS
Why DICGC Act amendment is big news for small depositors
The Indian banking system now has a much better safety net for depositors of failing banks compared to what they had till a year ago.
BUSINESS
How is the proposed 'Bad Bank' different from existing ARC?
There are a few reasons why a government-backed ARC can perform better than existing private ARCs
BUSINESS
Budget 2021: FM Nirmala Sitharaman gives a bold, reformist blueprint for India's govt-dominated banks, but execution is key
Privatisation of PSBs has been a long pending agenda but the idea has not progressed so far. Budget 2021 promises a big shift
BUSINESS
Budget 2021: FM announces bad bank, why it is a big step towards addressing Indian banks’ toxic assets worries
Banks are facing a resurgence of bad assets in teh aftermath of COVID-19. A bad bank will help to segregate the existing stock of bad assets from the good so that banks can focus on fresh lending.
BUSINESS
Budget 2021: FM Nirmala Sitharaman announces Rs 20,000 crore fresh capital infusion for PSBs
In the last Union Budget, the FM didn’t allocate any fresh capital for PSBs and asked banks to tap markets for funds.
BUSINESS
Banking Central | What is the biggest Budget gift FM Nirmala Sitharaman can offer PSBs?
Whether the government should keep PSBs alive on life support or exit from the ownership of these banks is the critical question at this stage.
BUSINESS
ICICI Bank Q3: Is the worst over for lender on bad loans front?
The Economic Survey 2021 warned that yet another round of asset quality review is required to assess the actual extent of NPAs in the system.
BUSINESS
Economic Survey 2021 slams 'asleep at the wheel' bank boards, auditors for bad-loan mess
The RBI could consider penalising the auditors of banks where ever-greening happens, the survey has said.
BUSINESS
Economic Survey 2021 calls for another asset quality review, says forbearance can't stay for long
This statement in the survey is significant since a bad loan clean-up will mean banks will see a sharp spike in bad loans from the current level.
BUSINESS
Economic Survey 2021: Yes Bank, LVB events show RBI audits failed to catch 'ever-greening'
The RBI initiated an asset quality review in 2015 under governor Raghuram Rajan to dig up NPAs from bank balance sheets.
BUSINESS
Under-capitalised banks may resort to zombie lending, hurt real economy: Economic Survey 2021
PSBs will require Rs 2 lakh crore over the next two years, as per rating agency Moody’s estimates.
BUSINESS
RBI clears Dhanlaxmi Bank CEO appointment after shareholders’ nod
On January 26, shareholders had cleared the name of Shivan JK for the position of MD & CEO
BUSINESS
If you default on one loan, your other borrowings from the same bank too may become NPAs
This is because the Reserve Bank of India rules require banks to follow NPA classification at a borrower level and not at a product level.
BUSINESS
RBI unveils stricter norms for banks to bolster grievance redress mechanism
The new framework mandates banks to have enhanced disclosures on complaints. Also, it talks about recovery of the cost of redress of maintainable complaints from the banks against whom the number of complaints received in the Offices of Banking Ombudsman (OBOs) are in excess of their peer group averages.
