Shritama Bose

Articles By Shritama Bose

349 Articles

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.

digital payments, digital payments india, digital payments india report, digital payments committee 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

Transmission is key, RBI puts faith in banks

State Bank of India (SBI), which moved to slash marginal cost of funds-based lending rates (MCLRs) by 15 bps across tenures soon after the central bank’s Wednesday rate action, believes rates in the system are high partly b

RBI monetary policy, Rate cut, policy repo rate, Global growth, BCBS, inflation, global economic indicators, India’s banking sector News

SBI again seeks EOIs for Videocon’s offshore assets

In July 2018, SBICaps had sought bids for the appointment of consultants who would validate the costs associated with the running of VOVL’s upstream oil and gas assets in the two geographies.

sbi, SBI EOIs, sbi Videocon, Videocon offshore assets News

Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

Banking & Finance News

Cheaper loans: SBI hints at rate cut as it trims interest on deposits

State Bank of India (SBI) on Monday cut interest rates on bulk and retail term deposits, signalling it could soon make credit cheaper for borrowers.

G-Secs, T-Bills News

Micro ATM usage closing gap with POS transactions as cash rules hinterland

In its India Digital Payments Report for the first quarter of 2019, Worldline said the number of POS terminals actually increased by 18.6% between the first quarter of 2018 and Q1 of 2019, while the number of ATMs remained co

Economy News

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

Icra, Reliance Powers, Reliance Powers rating, economy news, industry news, Rpower,Rpower share, Rpower news, Rpower nse, Rpower bse News

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

NPA, NPA clean up, Bank of Baroda, BoB, Reserve Bank of India, RBI, Dena Bank, Vijaya Bank, State Bank of India, SBI, Loan write off, PSB, public sector bank, industry news, NPA full form, NPA in india, NPA management News

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

Digital Payments, PayTM, PhonePe, Mobiquik, News

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.

NBFC crisis, economic growth, GDP growth, Share of NBFC, public sector banks News

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.

Bad exposure, Banks, MSME loans, Reserve Bank of India, non-performing assets, banking news

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

HFCs, loans finding, SBI, State Bank of India, SBI cards, Dinesh Kumar Khara News

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.

Consumption, loan book, loan book growth, passenger vehicles, banking news

SBI declares 10 corporate borrowers, their directors wilful defaulters

The aggregate outstanding dues are worth close to Rs 1,500 crore.

m cap, SBI, HDFC Bank, Hindustan Unilever, ICICI Bank, HDFC, market capitalisation, TCS, Reliance Industries Ltd, RIL, ITC, Infosys, Kotak Mahindra Bank, markets news, market news

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.

upi, retail sector, retail industry, economy News

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.

sbi, state bank of india, banking sector, banking industry News

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.

Markets News

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

Banking & Finance News