Jul 29, 2021 08:06 PM IST

SMEs, startups should start raising funds through capital market, say experts

Listed SMEs and startups will become globally competitive and offer a significant contribution to India's economic development and job creation, say experts.

Banks NPAs decline to Rs 8.34 lakh crore at March-end 2021: Minister

Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020.

Home loans: Kotak Mahindra Bank, Punjab & Sind Bank offer the lowest rates

Interest rates start from 6.65 percent

SBI urges customers to link PAN with Aadhaar to avoid problem in banking transactions

SBI has urged the users to go to the Income Tax e-filing portal and link PAN and Aadhaar to enjoy 'seamless banking services'.

EMI bounces rose in June despite easing of COVID curbs, shows NPCI data

Analysts are of the view that the stress on lenders’ balance sheets will appear gradually over the course of FY22 as the impact of regulatory forbearances wears off.

Banks' gross NPA ratio may rise to 9.8-11.22% in March 2022, says RBI

Lenders saw a worsening in the quality of consumer credit after the moratorium was lifted and the retail segment may account for the future rise in bad loans, the central bank said.

RBI imposes penalties on 4 cooperative banks

.As per the RBI, it imposed penalty on SVC Co-operative Bank for non-compliance with directions on 'Interest Rate on Deposits' and 'Frauds Monitoring and Reporting Mechanism'.

COVID impact: Industrial loan growth remained in negative zone during fiscal year 2021, says RBI

Personal loans continued to grow at a robust pace and recorded 13.5 per cent growth y-o-y in March 2021. Credit to the household sector rose by 10.9 percent and its share in total credit rose to 52.6 per cent in March 2021 from 49.8 percent a year ago, the central bank said.

SBI better positioned to tackle any subsequent COVID-19 wave: Chairman Dinesh Kumar Khara

He said the bank is comfortably placed in terms of growth capital and it will explore opportunities for lending in promising sectors to diversify the portfolio and to contain the risks.

RBI harmonises rules on CEO appointment in urban cooperative banks with those of private banks

The tenure of managing directors of UCBs shall not be for a period more than five years at a time and the post cannot be held by the same incumbent for more than 15 years, the RBI said.

Banks recover Rs 13,706 crore from six large assets through insolvency route in one year

On the few cases that reached resolution, banks took an average haircut of around 60 percent on admitted claims.

Bank of Maharashtra relaxes transfer policy for staff during pandemic

For FY22, the bank’s board has relaxed the criterion for staff’s stay in a single zone by one year. Transfers from one zone to another will take place after a gap of seven years, as against six years earlier.

Coronavirus impact | Public sector banks warming up to finance COVID-19 healthcare infrastructure

Fresh COVID loans under the RBI's Rs 50,000 crore term liquidity facility will be classified as ‘priority sector lending’ till time of repayment or maturity of the loans.

Banks see pressure on interest margins as high provisions, lower interest rates pinch

The impact on NIMs was higher in the case of public sector banks because of the presence of low-yielding products in their loan mix.

NPA woes: Banks write off Rs 1.53 lakh crore in FY21, 6% up from previous year

Twenty banks which have disclosed data on write-offs have seen the aggregate number rise from Rs 1.45 lakh crore

Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts

The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.

Exclusive interview | Arcil MD & CEO Pallav Mohapatra says stress seen in retail, MSME segments; ARCs must prepare

Arcil is in talks with fintech players to use predictive analysis and artificial intelligence-based systems that can ease the processes of acquisition and collection in the small borrower segment.

Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move

Banks privatisation: Central Bank of India and Indian Overseas Bank have been recommended for divestment by the NITI Aayog, but another potential sell includes the Bank of India.

RBI Monetary Policy | Have major concerns about cryptocurrencies, no change in our position, says Shaktikanta Das

The central bank has conveyed its concerns to the government and it is for the investor to take "a very careful call with regard to his own investments", Das has said.

Cases of digital frauds surge during pandemic; Mumbai, Delhi and Chennai top chart

The share of suspected fraudulent digital transaction attempts originating from India increased 28.32 percent over the 12 months ending March, 2021 compared with the previous 12 months, according to a report.

HDFC Bank to give loans for EVs, solar rooftops as part of strategy for carbon neutrality

The bank plans to turn carbon-neutral over the next 10 years.

Government’s ECLGS push sends banks’ exposure to MSMEs soaring

The data for April shows that banks’ outstanding loans to medium enterprises jumped 44 percent between April 2020 and April 2021, while in the micro and small segment it rose nearly four percent

Premature FD withdrawal penalty: Unfair in COVID?

COVID-19 crisis: Banks may beef up provisions to year-ago level in April-June quarter, say analysts

While banks have so far been cautious about forecasting credit costs, analysts see the fresh provisioning burden at around Rs 56,000 crore.

Bajar गपशप | Another day of record high for Nifty; Banks and Metals shine

Indian equity markets continued their winning momentum, with benchmark indices rising a percent each and the Nifty hitting a fresh record high of 15,606.35. Metal, banks and realty stocks gained most. Among individual gainers, JSW Steel, ICICI Bank and Reliance Industries were top gainers on the benchmark Nifty50.