Page 67 of banking sector

Regulators and supervisors across the world highlight three major concerns around the presence of BigTechs in financial services. These concerns are with respect to financial stability, governance and legislative issues.

Regulators must be mindful of BigTech interlinkages with financial institutions: Financial Stability Report

Their rising operational interconnectedness with financial incumbents through outsourcing partnerships also enhances risks to financial stability.

July 1, 2022 00:30 IST

In its 25th issue of the Financial Stability Report (FSR) released on Thursday, the RBI further said if the macroeconomic environment worsens to a medium or severe stress scenario, the GNPA ratio may rise to 6.2 per cent and 8.3 per cent, respectively.

Bad loans of banks expected to decline further to 5.3 pc by March 2023: RBI report

“At the bank group level too, the GNPA ratios may shrink by March 2023 in the baseline scenario,” it said.

June 30, 2022 19:43 IST

The National Asset Reconstruction Company (NARCL) has written to the Reserve Bank of India (RBI) to consider its bid for loans of Rainbow Papers as a mark of operationalisation of the bad bank, people aware of the matter told FE.

NARCL seeks to avert licence renewal with bid for one account

Banks are required to run Swiss challenge auctions while selling bad loans to ARCs. In NARCL’s case, the bids submitted…

June 30, 2022 01:30 IST

Bank Holidays in July 2022: Banks closed for up to 14 days in various cities in July; check list

Banks in India are likely to be shut for up to 14 days in July 2022, including second and fourth…

June 29, 2022 13:25 IST

The UPI surge

Unified Payments Interface (UPI) is the most preferred payment mode among individuals, with a person-to-merchant (P2M) market share of 64%…

June 29, 2022 05:00 IST

Government mulls entire stake sale in two banks to woo investors

NITI Aayog has already recommended the privatisation of Indian Overseas Bank (IOB) and Central Bank of India (CBI), although the…

June 29, 2022 03:00 IST

PSBs seek relief on provisioning for treasury losses in Q1FY23

Lenders have approached RBI officials on a one-on-one basis over the last few days.

June 29, 2022 02:45 IST

Bank deposit growth moderated to 10 pc in March 2022: RBI data

The data showed that consistent with the monetary and liquidity conditions, interest rates on term deposits moderated further during fiscal…

June 28, 2022 19:26 IST

Punjab & Sind Bank launches a slew of products

Swarup Kumar Saha, MD & CEO, said apart from other IT-related initiatives, the bank has launched a special PSB Grih…

June 28, 2022 08:12 IST

Infrastructure push, PLI to drive up working capital demand in India: Standard Chartered Bank’s Michael Spiegel

We have seen less of an impact of this war-related supply chain disruption than we have from the general supply…

June 28, 2022 02:15 IST

Indian banks’ profitability seen rising in FY23: Moody’s

The correlation between rising interest rates and profitability is strongest for India, the agency said.

Updated: June 28, 2022 00:07 IST

Credit card spends bounce back in May

The credit card spending rose 118% on year while the number of transactions grew by 77% on year to 238…

Updated: June 28, 2022 00:07 IST

Loan disbursal to MSME sector grew 182% vs pre-pandemic period: Report

The average ticket size of MSME loans grew to Rs 72.4 lakhs from Rs 37.7 lakh in FY20, translating to…

June 25, 2022 07:01 IST

The RBI had made the announcement in its June monetary policy. The revision in lending limits for UCBs was last done in 2011.

RBI doubles limit on home loans issued by urban cooperative banks

“Taking into account the increase in housing prices since the limits were last revised and considering the customer needs, it…

June 24, 2022 06:00 IST

As per the guidelines, scheduled commercial banks, local area banks, small finance banks, payments banks, certain co-operative banks, non-banking financial companies (NBFC), credit information companies and other state-owned financial entities will have to follow these guidelines.

RBI norms for IT services outsourcing by banks and financial entities

“Outsourcing of any activity of the RE (regulated entity) shall not diminish its obligations as also of its board and…

June 24, 2022 00:45 IST

Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah

He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and…

Updated: June 23, 2022 15:58 IST

Explainer: Regulating Fintechs

The rule appears to be aimed at reining in lending activity by fintechs via NBFCs and probably stems from concerns…

Updated: June 23, 2022 09:43 IST

The action came on a complaint from UBI, which had extended credit facilities to the tune of Rs 42,871 crore between 2010 and 2018.

Biggest banking fraud of Rs 34,615 crores: CBI files fresh case against DHFL’s erstwhile promoters Wadhawans

When DHFL was hit by an investigation in January 2019 after media reports on allegations of siphoning of funds surfaced,…

June 23, 2022 03:15 IST

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Page 67 of banking sector

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