RBI to issue norms for payment security, raises contactless cap to Rs 5,000
The central bank also raised the ceiling for contactless card transactions and e-mandates for card and UPI-based transactions to Rs 5,000 from Rs 2,000.
RBI stays pat on rates, allows liquidity glut to persist for now
What confounded the markets was the absence of any measure to suck out excess liquidity at a time when some companies are able to borrow below the reverse repo rate.
‘The improvement in collection efficiency will be sustained’
Incrementally, collection numbers are getting better than our estimated and projected numbers. This uptick will continue and the worst for the business and salaried segment is over.
IDBI Bank puts home loan, LAP, corporate NPAs worth around Rs 970 cr on sale
Loans to two Bhubaneswar-based companies -- Raipur Power & Steel and Parth Concast -- are being offered at a total reserve price of Rs 77.57 crore together.
Restricted vehicle movement affecting CV loan collections
Most major banks and non-banking finance companies (NBFCs) have reported collection efficiencies of over 90% for the September quarter.
PNB seeks consultants to sell bank’s real estate assets
PNB was one of the anchor banks which amalgamated smaller banks in the last round of mergers.
Banks get margin boost in Q2 from cheaper deposits, lack of slippages
PNB chief executive SS Mallikarjuna Rao admitted that the non-recognition of slippages had helped margins and that the 3.21% NIM should be considered an exception.
We’re bullish on anything related to consumption story: HSBC India’s Rajat Verma
In the initial phase of the crisis, till the point where the credit guarantee scheme and the moratorium came in, credit was mostly flowing to larger creditworthy companies.
40% of EMI debit requests continue to bounce in October despite banks’ optimism
Banks continue to insist, though, that the pick-up in collections is going to be sustainable. State Bank of India, which last week said that its collection efficiency stood at 97.5%, expects this level to hold.
Abundant Caution: PSU banks make chunky provisions for a rainy day
Despite little clarity on asset quality, analysts are by and large satisfied with the kind of provisioning. “There are some grey areas, but banks have made provisions and investors will be willing to forgive them,” an ana
SevenHills Healthcare RP seeks fresh resolution plans
On November 15, 2019, SC had set aside an order by the Hyderabad bench of the National Company Law Tribunal (NCLT) approving the resolution plan submitted by Shetty’s New Medical Centre (SNMC).
We have recast loans worth Rs 600 crore: LV Prabhakar, MD & CEO, Canara Bank
The compounding amount will be hardly about Rs 160 crore, which we are going to get from the government.
Bonds, CPs save the day as loan growth languishes
Recently, State Bank of India (SBI) chairman Dinesh Khara said that the bank is currently seeing credit growing in the range of 6-7%, while pointing to the fact that much of corporate demand for debt is moving to the markets.
Fund diversion: Sambandh defaults; internal fraud, says CFO
The letter dated October 7, also alleges fund diversion by Kindo to other entities named Diya Dairy & Agroprocessors, Kshamta Foundation, Regional Rural Development Centre, DK Enterprises and Utkal Dairy, among others.
RBI makes TLTROs on-tap, extends fund use to loans
The Reserve Bank of India (RBI) on Friday expanded on its liquidity measures to make the targeted long term repo operations (TLTRO) available on tap and extend the use of money raised under this window to loans given by banks
Auto-debits: Bounce rates at 32 percent in September; repayments still under pressure
With limited visibility on the actual state of asset quality in the September quarter, analysts said only quarterly results of banks could offer some clarity.
SBI near 70-80% of pre-Covid business levels: Newly-appointed chairman Dinesh Kumar Khara
Khara stated that SBI is very seriously evaluating all available options for the creation of a new umbrella entity.
Dinesh Kumar Khara appointed SBI chairman for three years
The foremost challenge for Khara in his new role will be to deal with the repercussions of Covid-19 – in terms of recoveries as well as growth.
Amazon readying for big play in Indian payments market with sizeable capital infusion
To this end both players, as also Walmart/Flipkart-owned PhonePe have, over the last couple of years, been working to build a presence at every storefront across the country.
Interview: Parag Rao, country head – payment business, merchant acquiring services & marketing, HDFC Bank
‘Our mktg approach uses deep analytics to customise offers’
Caveat emptor: Users seek better disclosures on pay-later schemes from e-tailers
The actual amount utilised against this limit was reported under ‘current balance’ in the customer’s credit report.
After SBI, HDFC Bank may join race to set up NPCI rival
“The matter is still in the preliminary stages, but HDFC Bank is certainly considering the NUE option as a possibility,” said a person close to the development.
Swiss Challenge: Banks seek bids as Matix Fertilisers puts OTS on table
The interested lenders are now soliciting bids for settlement of their debt through the Swiss challenge method, with the existing OTS offer as the anchor offer.
US-based Rosen Law Firm files lawsuit against HDFC Bank
The lawsuit names HDFC Bank, its outgoing managing director Aditya Puri, CEO-designate Sashidhar Jagdishan and company secretary Santosh Haldankar as defendants.
Deferred, staggered consumer payments become new norm
Payment industry executives said that the growing use of these modes is a result of cashbacks and other rewards being offered with these modes at a time when consumers are hamstrung by salary cuts and job losses.
SBI to launch online application window for retail recasts in a week
According to the Reserve Bank of India notification, the resolution framework is only for borrower accounts classified as standard, but not in default for more than 30 days as on March 1, 2020.
Central Bank of India taking guarantors to court in bad loans of over Rs 50 crore: MD Pallav Mohapatra
The process has only been halted for accounts in default on account of Covid. If the default happened earlier, that can always be taken to NCLT.
Advertisement
Most Read
- World sees India as a trustworthy and promising partner: PM Modi at IIT 2020 Global Summit
- India economy likely to contract by 10% in FY21: Former Planning Commission's Abhijit Sen
- GHMC Election Results 2020 Highlights: BJP steals thunder from TRS, suspense over mayor post
- ED seizes absconding business tycoon Vijay Mallya's French asset worth Rs 14 crore
- DBS Bank India gets Rs 2,500 cr capital support from parent for LVB merger
- RBI's accommodative stance to revive growth on durable basis, say bankers
- Farmers Protest LIVE: Farmers call Bharat Bandh on December 8 ahead of 5th round of talks with Centre
- WhatsApp users may lose all access if they don't accept 'updated' terms of service in 2021
- Allowing corporates to start banks: Das says it is internal panel's suggestion, not RBI view
- Funding a Punjab crop diversification plan critical
Advertisement
Top News
- World sees India as a trustworthy and promising partner: PM Modi at IIT 2020 Global Summit
- India economy likely to contract by 10% in FY21: Former Planning Commission's Abhijit Sen
- GHMC Election Results 2020 Highlights: BJP steals thunder from TRS, suspense over mayor post
- ED seizes absconding business tycoon Vijay Mallya's French asset worth Rs 14 crore
- DBS Bank India gets Rs 2,500 cr capital support from parent for LVB merger
- RBI's accommodative stance to revive growth on durable basis, say bankers
- Farmers Protest LIVE: Farmers call Bharat Bandh on December 8 ahead of 5th round of talks with Centre
- WhatsApp users may lose all access if they don't accept 'updated' terms of service in 2021
- Allowing corporates to start banks: Das says it is internal panel's suggestion, not RBI view
- Funding a Punjab crop diversification plan critical
Advertisement
