Aug 17, 2022 05:12 PM IST

What is banks’ PCR?

Yes Bank open to acquiring microfinance entity as $1.1 billion fundraise gains pace, MD says

The private lender aims for conscious growth this fiscal and is open for acquisitions

Asset quality to improve going ahead: M&M Finance MD Ramesh Iyer

Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said

Interview: PSU banks out of the woods; IndiaFirst Life Insurance IPO likely by March, says Union Bank MD

Bank is in talks with premier institutes to extend education loans and wants to double disbursements under this head from Rs 7,000 crore currently, the MD said

YES Bank reports Q1FY23 earnings, here are top five highlights

The size of its total balance sheet grew 17 percent YoY to Rs 3.18 lakh crore as on June end

As Kotak Mahindra Bank reports results, here are top five takeaways

While assets rose at a faster pace, deposits grew 10.4 percent YoY growth to Rs 3.16 lakh crore as on June 30

Bandhan Bank releases Q1FY23 results: Here are top five takeaways

The bank made provisions to the tune of Rs 642.4 crore during April-June, lower than Rs 1,460.9 crore a year ago.

Can't disclose IDBI Bank disinvestment status or timeline, says Centre in RTI reply

The government cited 'economic interests' of the state while expressing inability to share the details in response to an RTI query filed by Moneycontrol

What is kitchen sinking?

JC Flowers to be base bidder for YES Bank's sale of Rs 48,000 crore of toxic loans

The sale of GNPAs would be done through Swiss Challenge method

Spandana Sphoorty's new MD opts for kitchen sinking, but Q4 financials worry analysts

After he is done with that process, the new chief of the microlender plans to increase the number of branches to 1,500 by FY25-end from 1,120 as of March 31.

Banks to see pick up in credit growth, lower stress in June-quarter but treasury losses may continue, say experts

Provisional credit growth data filed by lenders with stock exchanges point to a revival in credit demand.

Banks report higher credit growth in Q4 as economy rebounds post COVID-19; Opex continues upward move

Slippages arising from loans extended under the central government’s emergency credit line guarantee scheme and movement of loans in the restructured pool of advances will be key monitorable in FY23, analysts said.

PowerShock | Banks come to the rescue of the power sector, again!

Banks are even thinking about providing priority funding to power plants that are functional but some loans of the generating company have turned non-performing

Facing delay in receiving government guarantee for loans under ECLGS: South Indian Bank MD

Banks had extended credit under ECLGS with the understanding that if a loan falls into the non-performing asset category, all it required was to inform the government and they would be compensated but that is not always the case, Ramakrishnan says.

RBI’s new norms on promoter loans, NPA divergence to increase governance standards in NBFCs: Experts

NBFCs will have to make divergence reporting if the additional gross NPAs identified by regulator exceeds 5 percent of the reported figures.

Infrastructure finance companies to post 10%-12% loan growth in FY23: ICRA

As of December 31, infrastructure-focused Non-Banking Financial Companies (NBFC) had given outstanding loans worth Rs 13.8 lakh crore.

Lenders may see uptick in credit growth, better asset quality in Q4, say analysts

Normalised collection efficiency will lead to higher recoveries and upgrades and higher credit growth shall further improve lenders’ headline gross non-performing asset figures, analysts say.

Exclusive interview: South Indian Bank eyeing 10% credit growth in FY23; will likely raise Rs 500 crore this fiscal, says MD

Fintechs need to work with banks as they understand credit much better because of their experience of going through several cycles, Ramakrishnan said.

ABG Shipyard: Case of the ‘biggest banking fraud’ should be investigated by SFIO, not the CBI

As the SFIO cannot start an investigation suo moto, the Central Government must assign the investigation to the agency in the public interest. 

Gross NPAs of Housing Finance Companies rise to 3.3% in December, says Crisil

This rise is attributable to Reserve Bank of India’s (RBI) November 12, 2021, clarification on recognition and calculation of NPAs, rather than any real mark-down in asset quality, Crisil said.

RBI Financial Stability Report: At 4.56%, fintech loan delinquencies higher than that of private banks, NBFCs

Delinquencies or loan repayments due past 90 days in fintech consumer credit increased from 1.82 percent in September 2020 to 4.56 percent in September 2021. Among all categories, fintech has seen the highest increase in late repayments or defaults in the one-year period.

Bad loans in Mudra scheme double as Covid19 hits MSMEs

The NPAs of small businesses against loans taken under PMMY, better known as the Mudra scheme, stood at Rs 34,090.34 crore in FY21, against Rs 17,712.63 crore in FY19.

I-T investigating Rs 75,000 crore worth transactions by 4 ARCs: Report

The investigations include questioning the ARCs on allegedly passing on just 20 percent of the amount recovered from NPAs acquired from banks. The I-T Department had raided 60 premises linked to the four companies on December 8.

SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 cr

The country’s largest lender has set a reserve price of Rs 1,423.17 crore for selling this non-performing asset