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Parnika Sokhi

Principal Correspondent

Moneycontrol.com

Budget 2020: Lack of effective liquidity measures may delay revival of weaker NBFCs

BUSINESS

Budget 2020: Lack of effective liquidity measures may delay revival of weaker NBFCs

After the slew of measures announced in September 2019, markets were anticipating a second wave of supportive policy actions that would ensure quicker revival of the shadow banking sector.

Budget 2020: Government to exit IDBI Bank by selling balance stake

BUSINESS

Budget 2020: Government to exit IDBI Bank by selling balance stake

While there was no specific amount allotted for public sector banks (PSBs) in the Union Budget 2020-21, the government said that it will undertake recapitalization as and when needed. PSBs will also be encouraged to approach capital markets to raise additional funds.

Q3 earnings: Private lenders deliver on profitability, but slippages a concern

BUSINESS

Q3 earnings: Private lenders deliver on profitability, but slippages a concern

With interest rates on the downtrend, thanks to five consecutive rate cuts by the Reserve Bank of India (RBI) in 2019, and surplus liquidity conditions since past few months, banks were able to reset their deposit rates leading to lower cost of funds in the third quarter.

Banks should focus on building 'digital trust' amid rising cyber threats, says IBM executive

BUSINESS

Banks should focus on building 'digital trust' amid rising cyber threats, says IBM executive

Vaidyanathan Iyer, Security Software Leader, IBM India and South Asia, said that user training and experience are as important as the regulatory framework and technology in building digital trust.

Kotak Mahindra Bank goes slow on loan growth as slippages remain high

BUSINESS

Kotak Mahindra Bank goes slow on loan growth as slippages remain high

The bank saw Rs 1062 crore worth of new additions to bad loans in the third quarter. The lender had reported slippages of Rs 800 crore in the first and Rs 1000 crore in the second quarter of current financial year.

HDFC Bank clarifies why its mobile, online services were recently disrupted

BUSINESS

HDFC Bank clarifies why its mobile, online services were recently disrupted

The bank said that it had underestimated the growth in volumes across payment products through multiple channels like cards, Unified Payments Interface (UPI).

Bank frauds: RBI looking into role of forensic audits

BUSINESS

Bank frauds: RBI looking into role of forensic audits

The banking authority will also issue norms for declaration and processing of red-flagged accounts.

Indian lenders’ exposure to real estate doubled in last 4 years: RBI report

BUSINESS

Indian lenders’ exposure to real estate doubled in last 4 years: RBI report

Loans given to real estate companies rose to Rs 2.01 lakh crore in June 2019, from Rs 1.05 lakh crore in June 2016, the RBI said in the Financial Stability Report released on December 27.

Urban Cooperative Banks’ capital adequacy dips, bad loans rise: RBI report

BUSINESS

Urban Cooperative Banks’ capital adequacy dips, bad loans rise: RBI report

The report also stated that as of September 2019, the capital adequacy ratio of SUCBs fell 9.8 percent, down from 13.5 percent in the quarter that ended in March. Also, the gross NPA ratio rose to 10.5 percent, down from 6.4 percent in the same period.

Bad loans of banks may rise to 9.9% by September 2020: RBI

BUSINESS

Bad loans of banks may rise to 9.9% by September 2020: RBI

"This is primarily due to change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth," the central bank noted.

Banking sector’s health hinges on macroeconomic turnaround: RBI report

BUSINESS

Banking sector’s health hinges on macroeconomic turnaround: RBI report

RBI said that it is monitoring the health of banks that are currently under the Prompt Corrective Action framework.

2020 preview: Top 5 things to watch out for in the banking sector

BUSINESS

2020 preview: Top 5 things to watch out for in the banking sector

After an eventful 2019, the Indian banking sector is poised for bigger developments in the coming year. Here's a look at the top five changes anticipated in 2020:

RBI to carry out US-style 'Operation Twist' to bring down interest rates

BUSINESS

RBI to carry out US-style 'Operation Twist' to bring down interest rates

‘Operation Twist’ is when the central bank uses the proceeds from sale of short-term securities to buy long-term government debt papers, leading to easing of interest rates on the long term papers.

Imperative that monetary and fiscal policies work in close coordination: RBI Policy minutes

BUSINESS

Imperative that monetary and fiscal policies work in close coordination: RBI Policy minutes

Das added that while there is policy space for future rate reduction, the cuts need to be appropriately timed to ensure optimal impact.

Banking wrap 2019: Top 5 changes for bank customers

BUSINESS

Banking wrap 2019: Top 5 changes for bank customers

Let's take a look at the major changes in banking regulations

Powered by data, unsecured loans set to soar over next 5 years in India

BUSINESS

Powered by data, unsecured loans set to soar over next 5 years in India

Personal loans, credit cards and consumer durable loans are all likely to clock over 20 percent growth in the next five years, as per the report.

Yes Bank fund raising: 5 reasons likely keeping marquee investors away

BUSINESS

Yes Bank fund raising: 5 reasons likely keeping marquee investors away

While the market is abuzz on what could be stopping them from closing the deals, here's a look at five reasons why the country's fourth largest private lender is not able to attract interest from top quality investors:

RBI keeps rates unchanged, FY20 growth forecast cut to 5% from 6.1%

BUSINESS

RBI keeps rates unchanged, FY20 growth forecast cut to 5% from 6.1%

This is the first pause after five consecutive rate cuts this year. Prior to this, the Monetary Policy Committee (MPC) lowered the repo rate by 135 basis points between February-October 2019.

Consumer durable loans jump on festive season demand

BUSINESS

Consumer durable loans jump on festive season demand

Strong demand, fuelled by lucrative discount offers and backed by retail loan push from banks led to a boost in consumer durable loans in months of August, September and October.

Lenders on thin ice as Karvy mess may expose due diligence failure

BUSINESS

Lenders on thin ice as Karvy mess may expose due diligence failure

Also, norms for brokers and banks laid down by their respective regulators do not seem to be on the same page.

RBI Policy preview: MPC likely to cut repo rate by 25 basis points on growth concerns

BUSINESS

RBI Policy preview: MPC likely to cut repo rate by 25 basis points on growth concerns

The dismal GDP growth in July-September quarter, read in line with the MPC's decision to stay accommodative for "as long as it is necessary to revive growth" from October policy review, makes a case for the sixth consecutive rate cut this year.

NBFC liquidity crunch: Banks await relaxation in government's partial credit guarantee scheme

BUSINESS

NBFC liquidity crunch: Banks await relaxation in government's partial credit guarantee scheme

The government had set the target of Rs 1 lakh crore of disbursement under the scheme by February 2020. But lenders have identified pools of around Rs 15,000 crore only as of now.

Soon, website for PSB loans will track repayments too

BUSINESS

Soon, website for PSB loans will track repayments too

The platform was created with an aim to provide easy access to working capital loans from commercial banks to MSME borrowers with the help of an algorithm that processes eligibility for such loans and cuts turnaround time for lenders.

DHFL resolution: What happens to public deposits? 

BUSINESS

DHFL resolution: What happens to public deposits? 

According to experts, DHFL’s depositors need to gear up for a haircut after a long-drawn legal process. The haircut may not be much if the HFC is able to attract valuable bids from new investors.

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