Shritama Bose

Articles By Shritama Bose

366 Articles

More trouble for Jet Airways: Lenders order second forensic audit

Lenders are likely to accede to the request at the next meeting of the committee of creditors (CoC)on Tuesday. “At this point, the CoC is giving the extension as a hope against hope. Bankers are anyway in a situation of har

Jet Airways, forensic audit, Jet Airways news, Jet Airways share, Jet Airways crisis, Jet Airways nse, Jet Airways owner News

RCom, CoC extends bids submission deadline for company’s spectrum

The committee of creditors (CoC) for Reliance Communications (RCom) on Wednesday extended the deadline for submission of bids for the company's spectrum by 10 days.

Industry News

Red-flagging exposures: Banks may classify DHFL as fraud account

State Bank of India (SBI), Bank of Baroda (BoB) and Union Bank of India are understood to be among those contemplating the move to red-flag the account.

Industry News

Bank of Baroda classifies two ADAG-owned NBFCs as NPAs in Q2

Bank of Baroda (BoB) is understood to have classified its exposures to two NBFCs from the ADAG group as non-performing assets (NPAs) during the quarter ended September, persons familiar with the developments told FE.

Banking & Finance News

Bankers remain cautious over lending to corporates

On Wednesday, SBI chairman Rajnish Kumar said if other banks cease to lend to infrastructure projects, it only means a fresh opportunity for SBI.

Rajnish Kumar, SBI chairman, Central Bank of India, MSME, NBFC, Corporate loans account, HDFC Bank News

Even after deadline, zero-MDR regime yet to kick in

MDR is a fee paid by merchants to banks for offering them infrastructure to accept digital payments.

zero MDR regime, non-bank payment players, digital transactions, MDR waiver, BHIM UPI, Aadhaar Pay, NEFT News

Our loan book will grow 8-9% in FY 20, says Central Bank of India MD

The lender expects large-ticket slippages to be restricted to two-three accounts in the rest of FY20.

Central Bank of India, Central Bank of India MD, NBFC, MSME loans, PCA guidelines, home loan rate News

WhatsApp Pay to be in India soon, announces Mark Zuckerberg

A full-fledged launch of WhatsApp Pay is expected to drive a fresh surge in UPI usage.

whatsapp, whatsapp pay News

Bank credit to services sector slows to a meagre 7.3% in September

Banks have turned extremely cautious about lending to companies and that is clear from the growth in their wholesale portfolios.

sbi, banking sector News

Borrowing abroad: NBFCs accounted for 45% of ECB raises in H1FY20

He explained that NBFCs have anyway been looking to expand their sources of funding for a few years now and the higher ECB fund-raising ties in with that.

Markets News

Resolution under IBC: Banks may get pre-NCLT window

The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The pre-packaged resolution scheme is expected to aid the existing insolvency framework and cut costs and time of

ibc code 2016, nclt, nclat, insolvency and bankruptcy code, liquidation, resolution under IBC News

DHFL crisis: SBI, BoB, UBI to move HC seeking rights to pool repayments

On Wednesday, UBI managing director and CEO Rajkiran Rai G had told reporters the court-mandated moratorium on repayments was a temporary one and banks would soon present their arguments to the HC.

DHFL crisis, DHFL , SBI, BoB, UBI, bombay HC, industry news

Liberty House unlikely to re-entry in stressed asset market

The Insolvency and Bankruptcy Board of India (IBBI) had earlier moved the Supreme Court seeking criminal proceedings against Liberty House for failing to complete the resolution of Amtek Auto. The apex court has agreed to he

Industry News

NBFCs will no longer be asset-heavy, longer-tenure entities: Rashesh Shah

A supply crunch in real estate and slower execution of projects are responsible for the sector’s problems, Rashesh Shah, chairman and CEO, Edelweiss Group, told Shritama Bose and Malini Bhupta.

NBFC, Edelweiss Group, Rashesh Shah, NBFC evolution, real estate, retail credit, debt market News

NBFCs will have to shed assets over the next one year: Edelweiss Group chairman and CEO Rashesh Shah

This would be achieved through models like co-origination of loans, where banks would bring in much of the funds to be lent, while NBFCs would use their distribution capabilities to source the loans.

Edelweiss Group chairman and CEO Rashesh Shah News

IDBI Bank to seek exemption from RoA criterion to exit RBI’s prompt corrective action

At the end of June, IDBI Bank had a CRAR of 8.14% and a net NPA ratio of 8.02%. Its RoA stood at (-)4.96% and it posted a net loss of Rs 3,800 crore for the quarter ended June.

Bank of India, Bank of Maharashtra, Allahabad Bank, Corporation Bank, Oriental Bank of Commerce, OBC, Dhanlaxmi Bank, PCA, industry news, banking news, LIC, IDBI Bank  News

Altico lenders ask private equity funds to infuse capital

Emails sent to ADIC remained unanswered till the time of going to press, while Varde declined to comment. Altico is understood to have appointed Alvarez & Marsal as process advisor a few days ago.

Altico, Altico lender, private equity fund, equity fund, infuse capital, NBFC, industry news, NBFC, ADIC, UTI Mutual Fund News

Allahabad Bank to link large savings deposit to repo rate

Bankers have long argued that it is not viable to price loans using external benchmarks unless deposits are also linked to such benchmarks. State Bank of India (SBI) was the first to link savings accounts with balances of ove

Allahabad Bank, large savings deposit, repo rate, industry news, banking news

Even after a month, challenges plague partial credit enhancement guarantee scheme

The guarantee scheme was one of the provisions prescribed in the Budget for 2019-20 to ease the flow of bank credit to NBFCs and counter risk aversion by banks while lending to them.

plague, credit enhancement, partial credit enhancement, non-banking financial companies, Reserve Bank of India News

PSU Banks on hiring spree, on the lookout for specialists for lateral entry

Public sector banks (PSBs) continue to make lateral hires in specialised positions as they pivot to an era of increased digitisation and focused lending to small enterprises.

Much of the hiring is in the areas of wealth management, IT, HR, information security, analytics, credit and risk News

Repo linking: Floating-rate home loans may pinch customers as banks look to protect margins

Homebuyers may end up repaying the entire interest component on their loans in the first year if they opt for a floating rate.

Bankers caution that when interest rates rise, the risk on a long-term asset like a housing loan, could quickly go up News

Cashless India? Digital payment drive not a hit with traders

Banks don't make money in the acceptance business and taking away the sliver of cover they earn from MDR could hamper investments in merchant acquisition.

rbi, digital payment, digital payment fraud, cash, digital india, digital payment boost News

Digital incentives: Banks may seek framework to carry out zero-MDR order

Fintechs demand rollback of Budget proposal to do away with the fee paid by merchants for accepting digital payments

fintech, natarajan Chandrasekaran. slowdown, economic slowdown, Nirmala Sitharaman, BHIM UPI payment, UPI QR Code payment, Aadhaar Pay payment, debit cards payment, NEFT payment, RTGS payment News

PSU banks post profits in Q1 on strong treasury gains

Punjab National Bank (PNB) posted a net profit of Rs 1,019 crore in Q1FY20 against a loss of Rs 940 crore in the same quarter a year ago.

Since much of the improvement in PSB performance is riding on lower asset-quality pressure and not on purely operational metrics, analysts are taking a dim view of it. (Representational image) News

Retail delinquencies of non-banks on the rise in April-June quarter

Retail loans have for long been perceived to be safe, but recent data sets released by companies and the Reserve Bank of India show that retail delinquencies of non-banks are on the rise. Consumption-financing behemoth Bajaj

Mahindra Finance also saw its gross NPA ratio shoot up to 7.4% in June from 5.9% in March (Representational Image) News

Union Bank-led consortium seeks buyers for Rs 1,200 crore exposure to Adlabs

For bidders to be eligible, their consolidated net worth as per the latest audited financial statement should be at least Rs 50 crore.

For firms, limited liability partnerships and other eligible investors, the net worth must be at least Rs 50 crore. News

Monetory Policy: RBI bats for growth with 35 bps cut in repo rate

Easier lending norms for NBFCs, relaxed risk weights for most consumer loans some of key measures announced

shaktikanta das, rbi governor, slowdown, nbfc, fintech, banks, psu banks News
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