Shritama Bose
Icra revises rating for Reliance Powers’ Rs 8,015-crore debt to ‘default’
In its rating rationale, Icra said the liquidity profile of the company, along with its subsidiaries, continues to remain stretched as evident from considerable decline in the net cash accruals in FY19 and net-worth erosion d
NPA crisis: Loan write-offs by banks cross Rs 2 lakh crore
In FY18, PSBs had written off loans worth Rs 1.28 lakh crore. Had banks not written off loans worth close to Rs 2.06 lakh crore in FY19, the value of non-performing assets (NPAs) in the system at the end of the year would hav
Budget 2019: Bid to do away with charge for digital payments baffles providers
Even as they hailed the proposal to do away with merchant discount rate (MDR) for vendors with a turnover of above `50 crore, payment industry executives are confused how the cost of digital transactions would be covered. MDR
Budget 2019: Nirmala Sitharaman gives lifeline to NBFCs to stay afloat
It permitted banks to reckon with immediate effect the increase in FALLCR to the extent of incremental outstanding credit to NBFCs and HFCs over and above the amount of credit outstanding to these entities as on date.
MSME loans: Banks stare at slippages of Rs 15,000 crore
These loans would have turned non-performing assets (NPAs) a long time ago had the Reserve Bank of India (RBI) not given banks a breather.
HFCs with large builder loans finding it tough to raise money, says SBI senior official
If you look at NBFCs, all of them cannot be put into one category. There are some which are doing pretty well and they are not facing any challenge in generating liquidity. There are others, where there is a perceived threat
Bank loan growth hit by consumption slowdown
The growth in banks’ retail loan portfolios has been on a downward trend since November 2018, data from the Reserve Bank of India (RBI) show.
SBI declares 10 corporate borrowers, their directors wilful defaulters
The aggregate outstanding dues are worth close to Rs 1,500 crore.
New UPI category waives MDR for small merchants
Merchants with expected inward UPI transactions worth up to Rs 50,000 per month will be eligible for acquisition under the P2PM category.
Everyone has a debit card, but not all have a smartphone: SBI MD
Banks are working with auto dealers who have utilised all their inventory funding limits, PK Gupta, MD – retail and digital banking, State Bank of India says.
Bank of Baroda hunts for partner in its credit card arm
As per financial criteria set by the bank, corporates who put in a bid must have a minimum tangible net worth of Rs 500 crore as on December 31, 2018 on an audited or provisional basis.
Mumbai Metro One: Syndicate Bank seeks advice on Rs 1,928 crore loan
The bank’s Rs 1,928-crore exposure to the public-private partnership (PPP) is understood to have been classified as a non-performing asset (NPA) in 2018 and it is currently assessing a restructuring proposal developed by EY
UCO Bank declares Yash Birla wilful defaulter, puts notice with photo
In a master circular on July 1, 2015, the Reserve Bank of India (RBI) had said no additional facilities should be granted by any bank or financial institution to listed wilful defaulters.
PNB in talks with bidders to replace Gammon SPV in MP road project
The SPV operating the project is called Sidhi-Singrauli Road Projects and it owes its lenders Rs 564 crore.
Cheaper loans? Rates unlikely to fall post RBI’s repo cut
Improved liquidity situation may not translate into lower deposit rates as banks remain wary in an environment of slow deposit growth
Value picks: Used car financing is now outselling new car loans
More consumers opting to buy second-hand cars as prices of new cars have shot up
Digital transactions: SBI lost share in almost all payments modes in FY19
In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of F
Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO
The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.
NPA crisis: PSU banks staring at yet another spike in bad loans
Outcome of large insolvency cases crucial, fresh risks from exposures to agri, realty, NBFCs
PSB banks bailout: Rs 2.5 lakh cr pumped in, yet Rs 4 lakh cr M-cap loss
Outcome of large insolvency cases crucial, fresh risks from exposures to agri, realty, NBFCs
Indian Bank to raise up to Rs 7,000 crore through QIP
Chennai-based Indian Bank has sought bids from merchant bankers to run the process for its equity fund-raise worth up to Rs 7,000 crore through a follow-on public offer (FPO) or a qualified institutional placement (QIP) of sh
IDBI Bank seeks buyers for AMC, MF trustee arms
ICICI Securities on Wednesday sought bids for IDBI Bank-owned IDBI Asset Management and IDBI MF Trustee Company as part of the lender’s ongoing effort to sell off its non-core assets to raise
SBI to sell Rs 230-crore NPAs with up to 79% haircut
State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts.
NPA crisis: Why loans to MSME, real state, farmers may go bad
PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries.
Worry over slippages: Private banks’ provisions rise 13% in FY19
Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gross non-performing assets (
Lenders seek bids for Coastal Energen with more than Rs 7,000 crore in debt
The State Bank of India (SBI)-led consortium of lenders to Coastal Energen, which owes them Rs 8,176 crore, on Monday sought bids for the stressed power plant from companies, funds and private equity investors.
Slow but steady, UPI may win the race against card payments, net banking
An analysis by Razorpay of all kinds of transactions on its gateway shows consumers tend to opt for netbanking over UPI and wallets for larger payments.
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