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.
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.
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 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.
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.
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.
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
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.
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
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.
‘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
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.
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
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.
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
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.
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.
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.
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
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
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.
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.
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
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
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
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.
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