Banking & Finance

Finance Ministry hopes 3-4 banks to be out of RBI’s PCA this fiscal

The finance ministry hopes that 3-4 banks would come out of the RBI's Prompt Corrective Action watchlist this fiscal, following the expected modification of guidelines and apparent improvement in bott

RBI, RBI deadline, Kotak Bank, promoters, investors, RBI promoters, bank promoters News

Nine P’s that are making microfinance work in India

In the 12 months to June 2018, microfinance companies have lent Rs. 52,000 crore to 26 million women borrowers, 99.8 percent of whom are repaying their loans regularly. Harsh Shrivastava of MFIN lists

Microfinance industry, Ratna Vishwanathan, MFIN, demonetisation, MFIN Ceo Ratna Vishwanathan, business News

Shutdown of 50% ATMs may cause demonetisation-like chaos as Jan Dhan account holders queue up for cash

The closure of half of the 2.38 lakh machines in the country by March 2019 may affect millions of bank account holders under Modi government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who with

Banking & Finance News

MUDRA bad loans better than others: Modi’s Mudra loan NPAs are half of gross average

While gross non-performing assets (NPA) across all sectors in the country crossed 10% in fiscal 2017-18, the NPA level under PMMY was only 5.38% as on March 31, 2018.

Banking & Finance News

Largest ATM supplier NCR for stakeholder talks to resolve ATM industry crisis

Largest ATM supplier NCR Thursday called for a multi-stakeholder talks like the ones carried out during the demonetisation days to resolve the problems being faced by the cash vending machines industr

Largest ATM supplier, NCR, ATM industry crisis, Catmi, ATMs installations News

No major plan to reduce ATMs, says Punjab National Bank PNB

State-owned Punjab National Bank (PNB) Thursday said it has no major plans to reduce the number of its ATMs by March 2019.

Banking & Finance News

China’s central bank suspends open market operations for 20th day in a row; here’s why

The People's Bank of China (PBOC) suspended open market operations on Thursday, citing abundant liquidity in the financial system.

Banking & Finance News

PSU Banks: Government plans no cut in Rs 65,000 crore infusion

The government is unlikely to trim its planned Rs 65,000-crore infusion into public sector banks (PSBs) this fiscal, despite the central bank board’s move on Monday to defer the complete rollout of

Banking & Finance News

SoftBank Investment Advisers sets up India office, names Sumer Juneja as Head

Japanese conglomerate SoftBank said Wednesday it is setting up India operations of its Vision Fund -- a key investor in many Indian startups -- and has named Sumer Juneja to head the operations.

SoftBank Investment Advisers, SoftBank, Sumer Juneja, Vision Fund, Walmart, Swiggy.com, Komli Media News

This decision by RBI will increase lending capacity of banks by whopping Rs 3.5 lakh crore

The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch.

The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch. News

Not all PCA banks may benefit from RBI review

A central bank panel under governor Urjit Patel could next month revisit its corrective regime framework for weak banks that don’t have international operations.

RBI Monetary Policy, Bank base rates, MCLR, MCLR system, RBI, Reserve Bank of India  News

RBI-Govt truce: Easier norms free up Rs 35,000 crore capital, allow Rs 3.5 lakh crore loans

The Reserve Bank of India’s (RBI) decision to extend the timeline for the implementation of the capital conservation buffer (CCB) norm by a year to March 2020 could reduce banks’ capital requireme

RBI Monetary Policy, Bank base rates, MCLR, MCLR system, RBI, Reserve Bank of India  News

IL&FS misses Rs 57.29-cr repayments; total defaults cross Rs 4,600 cr

Infrastructure Leasing & Financial Services (IL&FS), for the second consecutive day, on Tuesday said it has defaulted on two repayments of short-term deposits, including interest of Rs 57.29 crore, ta

IL&FS, Sanjay Nirupam, NBFC, Kotak Mahindra Bank, NHAI, Kingfisher Airlines, Shares of NBFC News

PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-mark

PSB, public sector bank, indradhanush, privatisation, RBI News

RBI board meet: Banks receiving more time to meet capital norms is ‘credit negative’; Moody’s explains why

The decision by the RBI board to increase timeline for banks to implement Basel 3 guidelines is ‘credit negative’ for government-owned banks, a global rating agency said.

On October 4, the central government announced Rs 1.5 per litre tax cut on both petrol and diesel News

Is RBI PCA same as ‘Hotel California’ for Indian banks? Sanjeev Sanyal says let them leave

Principal economic advisor Sanjeev Sanyal Monday said the country cannot have 'Hotel California' approach towards banks under the prompt corrective action (PCA) framework, where the exit mechanism for

Banking & Finance News

Marathon RBI Board Meet: Modi government, Reserve Bank of India smoke peace pipe

‘Surplus transfer’ policy under review, small relief for banks on capital adequacy, MSME package soon.

RBI Monetary Policy, Bank base rates, MCLR, MCLR system, RBI, Reserve Bank of India  News

IL&FS defaults on Rs 307-cr deposits from MUDRA due on November 17

IL&FS (Infrastructure Leasing & Financial Services) on Monday said it has defaulted on principal and interest of over Rs 307 crore with respect to deposits from MUDRA (Micro Units Development & Refina

IL&FS, Sanjay Nirupam, NBFC, Kotak Mahindra Bank, NHAI, Kingfisher Airlines, Shares of NBFC News

UPI usage volumes surpass wallet volumes in September

The number of transactions made using the Unified Payments Interface (UPI) overtook that of mobile-wallet transactions for the first time in September this year, data released by the Reserve Bank of I

paytm, paytm transaction data, paytm news, latest news on paytm, One97 Communication, Paytm upi transaction News

IL&FS effect! Liquidity woes – NBFCs bank on securitisation

Average daily net liquidity deficit in banking system for the week ended Nov 16 rose to Rs 90,648 crore against Rs 68,612 crore a week ago.

RBI Monetary Policy, Bank base rates, MCLR, MCLR system, RBI, Reserve Bank of India  News

YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing.

YES bank, R Chandrashekhar, R Chandrashekhar resigns, Rentala Chandrashekhar, YES Bank board, banking news

RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22.

RBI, RBI board meeting, RBI board, government securities, liquidity conditions, Reserve Bank, Reserve Bank of India, banking news

Hong Kong-based PAG raises $6 billion for third Asia fund, plans investment in India

Within three years, the PAG has been able to fully invest its second fund - PAG Asia Fund ll to raise its third fund.

Banking & Finance News

Finish your bank-related work by today! Holidays to rule this week; check dates

As festivals rule this week, banks in many cities will remain closed on three days this week.

As festivals rule this week, banks are likely to remain closed Wednesday, Friday and Saturday. News

This chart shows how limited surplus transfer from RBI could help end feud

Bloomberg Economics sees merit in political demands for a lower capital reserve framework for the central bank.

Banking & Finance News

SBI Capital Ventures launches SME, affordable housing funds

SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, Monday launched two funds for the small and medium enterprises (SMEs) and affordable housing s

Banking & Finance News

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources.

RBIvsCentre, RBI, REserve bank of india, RBI board, RBI board meeting, liquidity crisis, RBI liquidity crisis, banking news
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