Page 104 - Abhijit Lele

SBI's next challenge: Keeping digital banking app YONO ahead of the curve

Bank enters uncharted territory as it looks to license app, which it values at $40 billion

BBB recommends Swaminathan Janakirman, A K Tewari for MD posts at SBI

A K Tiwari has been serving as the managing director and chief executive at SBI Card since August 1, 2020.

YES Bank plans to bring down credit-to-deposit ratio to below 100% by March

The lender, which is an associate of State Bank of India, disbursed Rs 3,795 crore to the retail segment during July-September.

Troubled lender YES Bank's Q2 loans up 1.4% over Q1FY21 to Rs 1,66,854 cr

The loan book shrunk by 2.7 per cent in six months, when compared to outstanding loans of Rs 1,71,443 crore at end of March 2020

Clix Capital planning to raise upto Rs 2,500 cr through debentures

The company would raise funds through private placement of debentures in one or more tranches. It, however, did not elaborate on the purpose of raising funds.

NBFCs pin hope on festive season for revival in credit disbursals

Collection efficiency of non-banking lenders and housing finance companies picks up

Home, auto loan inquiry back to 2019 level, yet to reach pre-Covid mark

In home loans, inquiry volumes were at 112 per cent of July-August 2019 levels

Step up infra investment to spur demand, revive economy: SBI chief

Says banks not risk averse, they are being prudent

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

Covid-19 impact: Air India Express' short-term loans get ICRA downgrade

The rating also takes into account AIEL's stretched credit profile, characterised by negative net worth and a high outstanding to Air India and other vendors

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs

Ind-Ra cuts banking outlook to negative on rising NPA, credit cost

As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system

NBFCs seek special fund from govt for providing 3-5 yrs term loans

Industry body says funding is currently available only for 6-18 months under various schemes

Tata Capital to step up corporate finance lending to better rated borrowers

Tata Capital's book size increased from Rs 77,110 crore as at March 31, 2019 to Rs 77,610 crore as at March 31, 2020, on a consolidated basis

Divesting majority stake credit negative for PSBs leaning on govt: Icra

Their credit ratings have been primarily supported by their sovereign ownership and their stable deposit base, which again is a function of their ownership

SBI open to global partnership for resolution of stressed assets: Chairman

According to rating agency ICRA, the total quantum of the debt which can get restructured will be between Rs 6 trillion and Rs 10 trillion

LS passes Banking Regulation (Amendment) Bill, more powers to RBI over UCBs

The Bill intends to empower co-operative banks to raise equity or unsecured debt capital from the public subject to prior RBI approval

Debt restructuring scheme may soften blow of Covid-19 on books of PSBs

Except for a few, most PSBs face major challenges in raising capital from the market, given the low premium

RBI pulls up banks over delay in automating NPA recognition process

Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns

Debt monetisation by RBI could undermine investor confidence: S&P

S&P said sovereign-bond purchases by central banks in emerging markets have not spooked the markets because investors accept these operations as emergency actions related to the Covid-19 pandemic