BUSINESS
Citibank just sent some lenders $900 million by mistake. What happens if you commit such a colossal gaffe?
What if you transfer money to the wrong beneficiary? More importantly, what should you do if you receive an amount by accident from someone? Here is what bankers say
BUSINESS
Will NBFCs be allowed to transfer stressed assets to proposed Bad Bank?
Transferring bad loans to an ARC is only the last option for a lender. That happens at a deep discount, which may not attract NBFCs.
BUSINESS
Crisil says NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by end of FY21
However, the one-time COVID-19 restructuring window, and the micro, small and medium enterprises (MSME) restructuring scheme offered by the Reserve Bank of India (RBI) will limit the reported gross non-performing assets (GNPAs).
BUSINESS
Analysis | PSB privatisation: Will there be takers for NPA-ridden government banks?
Most of the mid-sized government banks have high bad loans on the books, making it a risky bet for potential acquirers. But building a bad bank can change the scenario.
BUSINESS
Banking Central: Do India’s top bankers, regulators really retire?
It is learned that former SBI Chairman Rajnish Kumar has received a NoC (no-objection certificate) from the Government of India to get an exemption from the one-year cooling off rule.
BUSINESS
How Rajnish Kumar landed a job at Kotak within 4 months of retiring as SBI chief
Government rules prohibit retired PSU bank chairmen from joining other companies within a year of retirement.
BUSINESS
Explainer| Will falling CPI inflation push the MPC for an early rate cut?
The CPI inflation has fallen within the central bank’s comfort zone in last the two months.
BUSINESS
Five reasons why Indian billionaires are hurrying to buy NBFCs amid a pandemic
Till 2018, NBFC space was a booming business. The perception changed post the IL&FS collapse.
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.
