RBI‘s guidelines on small finance and payments banks announced Thursday are in line with draft norms issued a few months back, says HKN Raghavan, Head - Consumer Banking at Equitas in an interview to CNBC-TV18.
These small financial banks (SFBs) are likely to submit their comments on draft norms by Tuesday and final guidelines on the same are expected soon.
"The build-up in delinquencies for Indian ABS transactions that closed in 2015 was slower than that in 2014, a sign that overall delinquencies have stabilised," Fitch said in a note.
Kolkata-based Pincon Spirit Limited (PSL) has received shareholders' nod to invest Rs 400 crore in next two years for expansion of its liquor and FMCG businesses.
Expressing confidence that India's securitisation market is revving up for a "take-off", RBI's Deputy Governor R Gandhi on Tuesday said capital markets regulator Sebi is working on a new platform for such transactions.
The capital will be invested in start-ups by way of providing equity, quasi equity, soft loans and other risk capital.
SBI chairman Arundhati Bhattacharya says increasing the amount of home loans for PSL is a positive step. According to her, overall asset quality pressure may ease in near-term.
The Reserve Bank of India (RBI) today revised priority sector lending (PSL) norms, adding new segments such as micro, small and medium enterprise (MSME), social infrastructure and renewable energy under the ambit of priority sectors.
The new PSL guidelines will aim at achieving parity among all lenders.
TCS | Power Grid | Axis Bank | GAIL | Container Corporation | Suzlon Energy | DLF | Larsen & Toubro | Pipavav Defence | IOC | ONGC | Oil India | 3i Infotech | Sintex | Bosch | Aurobindo Pharma | YES Bank | Eicher Motors | JSPL | Hindalco | Jayaswal Neco | PSL | National Fertiliser and United Spirits are stocks, which are in the news today.
Sharekhan has recommended a hold rating on Persistent Systems (PSL) with a target price of Rs 1400 per share in its October 20, 2014 research report.
Its two subsidiaries PSL USA Inc and PSL North America LLC, on June 30 (2014), had filed Chapter 11 proceeding before the bankruptcy Court of district of Delaware USA after reporting continuous losses.
CARE Ratings has come out with its report on RBI's annual report 2013-14. According to the rating agency there are signs of a pick-up in the economy. "GDP growth will range between 5.2-5.5% and a clear view will emerge when the impact of monsoon on kharif crop is obtained", says the report.
PSL has reported a standalone sales turnover of Rs 77.74 crore and a net loss of Rs 93.23 crore for the quarter ended Dec '13
The Reserve Bank of India's (RBI) recent steps aimed at subsidiarisation of domestic foreign banks recognises the need for greater foreign participation in a growing Indian economy, says Fitch Ratings.
FinQuest Securities is bullish on Persistent Systems (PSL) and has recommended buy rating on the stock with a target price of Rs 639 in its September 23, 2013 research report.
PSL Limited has reported a standalone sales turnover of Rs 203.20 crore and a net loss of Rs 128.90 crore for the quarter ended Jun '13
Coal India | BHEL | KEC International | Uttam Galva | GSFC | GTL | Lovable Lingerie | Redington India | PFC | Punj Lloyd | Suzlon Energy | Canara Bank | Oriental Bank of Commerce | Tata Motors | Karur Vysya Bank | Jayant Agro and SpiceJet are stocks, which are in the news today.
PSL Limited has reported a standalone sales turnover of Rs 501.62 crore and a net loss of Rs 164.59 crore for the quarter ended Mar '13
Helped by a reclassification of priority sector lending guidelines wherein wherein bank finance to non-bank lenders no longer qualifies as PSL, banks were the most active ones in the securitisation market to meet targets as eligible loan receivables are classified as PSL, ICRA said.
India Ratings & Research (Ind-Ra) says that the credit quality of underlying loans in securitisations has improved, and there has been greater alignment of incentives between investors and originators in the last one year.
RBI Deputy Governor K C Chakrabarty today said opening of new banks will not be easier this time around unlike in 1993-94 period, when a number of new lenders came up.
M&M | Kingfisher Airlines | Essar Oil | Shipping Corporation of India | PSL | ONGC | Gujarat Apollo | Berger Paints and Jindal Stainless are stocks | which are in news today.
"I have three priorities. I will continue to focus on asset quality. Secondly, I want to slightly shift the gear to bring a more widespread growth like in the credit side instead of remaining too much wholesale banking focused. Finally, I want to enhance the technology reach," said S S Mundra, the new CMD of Bank of Baroda.