Banking & Finance

RBI provides TLTRO support to NBFCs, lending to unbanked MSMEs

This exemption will be available for exposures up to Rs 25 lakh per borrower for credit extended up to the fortnight ending October 1, 2021. Details of the scheme would be spelt out in the circular.

RBI has extended the dispensation of enhanced HTM of 22% up to March 31, 2023, to include securities acquired between April 1, 2021 and March 31, 2022.

Phased withdrawal of CRR cut, lack of OMO hints disappoint markets

Governor Shaktikanta Das observed that the market is at times prone to misjudging the RBI’s actions and reacting in haste, before arriving at a full assessment of them.

Choudhary added that given the way things stand, the RBI needs to mute, and not break, the linkage between the recalibration in the overnight rate and its exaggerated transmission to higher up the curve.

Demand has moved beyond pent-up to actual one: RBI Governor Shaktikanta Das

"Demand has now moved beyond pent-up demand to actual demand coming up. As the lock down gets steadily lifted and movements are allowed within cities and across the country, the demand will pick up. I

rbi governor shaktikanta das

RBI likely to let market determine bond yields, say analysts

The RBI left the policy rates unchanged as expected but reiterated its accommodative stance both on the interest rate as well as more importantly on the liquidity side for as long as it takes.

RBI likely to let market determine bond yields, say analysts

Making assessment of true state of NPAs in banks: RBI Governor Shaktikanta Das

Das further said the RBI is collecting data from various banks with regard to the size of individual stress and the kind of NPAs in all banks.

The Economic Survey 2021 has called for an AQR for banks after the COVID-19-related forbearance is removed.

Govt support measures for bank borrowers softened rise in NPLs: Moody’s

On the other hand, Yes Bank faces greater asset risks than its peers, although its capitalisation, liquidity and funding have improved.

Three offers received for PMC Bank resolution, says RBI Governor Shaktikanta Das

Last month, the bank's administrator A K Dixit had said that three investors were given time till February 1, 2021 for submissions of their final offer.

Shaktikanta Das,RBI

All remaining 18,000 bank branches to be under CTS by September: RBI

The cheque truncation system (CTS) is in use since 2010 and covers around 1,50,000 bank branches across three cheque processing grids. All the erstwhile 1,219 non-CTS clearing houses have since been m

bank

NBFCs to get funds under on tap TLTRO scheme for incremental lending: RBI

The Reserve Bank of India (RBI) on Friday proposed to provide funds to non-banking finance companies (NBFCs) from banks under on tap TLTRO scheme for lending to some stressed sectors.

Shaktikanta Das, rbi

Paypal to shut domestic payment services within India from April 1

"We will continue to invest in product development that enables Indian businesses to reach nearly 350 million PayPal consumers worldwide, increase their sales internationally, and help the Indian econ

paypal

Q3 earnings: State Bank of India net falls, outlook good

The bank lent close to Rs 73,000 crore during the December 2020 quarter; its net interest income rose 3.75% y-o-y to Rs 28,820 crore.

The lender’s Covid-related general contingency provisions stood at Rs 6,008 crore.

‘Expect double digit credit growth by Q2FY22’: Dinesh Kumar Khara, chairman, State Bank of India

So, put together total slippages and restructuring up to Q3FY20 remained at Rs 41,216 crore. For the whole financial year, total slippages and restructuring at the end of financial year (FY21) should

I think at the end of the financial year 2021 (FY21), our credit growth should be around 7%.

SBI Q3 standalone net falls 7 per cent to Rs 5,196 crore

The bank had posted net profit of Rs 5,583.36 crore in the October-December period of the previous fiscal.

state bank of india, SBI Q3 result

RBI unveils risk-based internal audit guidelines for select NBFCs, UCBs

The regulator also specified that RBIA policy shall clearly document the purpose, authority, and responsibility of the internal audit activity, with a clear demarcation of the role and expectations fr

RBI

New Asset Reconstruction Committee: Banks likely to ask RBI to relax norms

The new ARC will have the advantage of the loan exposures being clubbed across banks, although this, too, is prone to challenges.

RBI

Analysts upgrade HDFC’s earnings outlook after stellar Q3 show

Individual disbursements during the quarter rose by 26% against a 32% year-on-year increase in loan approvals. Earnings were driven by an increase in net interest income (NII), which saw a robust grow

hdfc ltd

RBI unveils risk-based internal audit guidelines for select NBFCs, urban co-operative banks

Currently, all the entities supervised by the RBI have their own approaches on internal audit, resulting in certain inconsistencies, risks and gaps in the system, the RBI said.

RBI, audit guidelines, NBFCs, urban co-op banks, trisk based internal audits, NBFCs with asset size of over Rs 5,000 crore, UCBs with assets of over Rs 500 crore, RBIA

Punjab & Sind Bank, BoM and BoI are likely privatisation candidates

The government has proposed to introduce required legislative amendments for privatisation of two PSBs in the Budget session itself.

punjab and sind bank privatisation

NBFCs can initiate recovery in Rs 20-lakh loan default under SARFAESI Act: FM

FE learned that NBFCs had earlier requested the finance minister to reduce threshold limits for initiating recovery proceedings.

nbfc sarfaesi act

Governance structures, liability key to DFI success

Govt will have to play as provider of capital and as facilitator of policy tweaks like credit enhancements for projects financed by DFI

development finance institutions

Service outages: RBI appoints firm to audit IT infra of HDFC Bank

In a notification to the exchanges, the lender said the audit will be carried out under Section 30 (1-B) of the Banking Regulation Act, 1949, at the cost of HDFC Bank under Section 30 (1-C) of the Act

After the implementation of the short-term strategy, the lender expected RBI to inspect its progress.

PSU banks to raise Rs 10,000 crore in two months: DFS Secretary

In the last few months, lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 50,000 crore from the market.

PSU Banks fundraise

3 PSU banks likely to be out of PCA framework by March: DFS Secretary

Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework which puts several restrictions on them, including on lending, management compensation and directors' fees.

PSU Banks

Banks’ NPAs decline to Rs 8.08 lakh cr in September 2020 from Rs 10.36 lakh cr in March 2018: Govt

Non-performing assets (NPAs) or bad loans of the banking sector came down from a high of Rs 10.36 lakh crore at the end of March 2018 to Rs 8.08 lakh crore at the end of September 2020 due to various

bad loans

RBI appoints external firm to audit HDFC Bank’s IT infra in view of service outages

HDFC Bank on Tuesday said the Reserve Bank of India (RBI)?has appointed an external IT firm for carrying out a special audit of its IT infrastructure in the aftermath of repeated service outages at th

HDFC

Union Budget 2021: Government proposes Rs 20,000-cr recapitalisation for PSBs in 2021-22

Budget 2021 Live from Parliament, Union Budget 2021-22 Live Updates: Unveiling the Budget 2021-22 in the Lok Sabha, the finance minister said the government has proposed to infuse Rs 20,000 crore into

Union Budget 2021, Budget 2021

PNB Housing Finance plans tie-ups with banks for co-lending in housing loan sector

He also highlighted that whatever is in the purview of states, they are doing it already such as reduction in stamp duty, development fee, premium charges etc.

As the housing financier is promoted by Punjab National Bank (PNB), no such agreement can take place with the lender.
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