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NBFCs urge RBI to relax compliance rules as they convert into banks

Seek leeway on reserve ratio, priority sector and sectoral exposure

RBI constitutes working group to develop and regulate digital lending

The six-member panel comprising four RBI internal members and two external members is expected to submit its report within three months

RBI forms working group on digital lending as frauds come into sharp focus

The group will suggest steps to regulate digital lending including online lending platform and mobile lending

'Pandemic paradox': Cash was king in 2020 as digital transactions increased

Experts cite hoarding as reason for 22% spike in currency in circulation

Banks' gross NPAs may rise to 13.5% by Sept: Financial stability report

Banks will have to brace for a rollback of regulatory forbearance that was announced in the wake of Covid-19, and enhance their capital positions, the RBI said

Listed commercial banks may post 5.5% rise in third quarter net profit

Their net revenues could expand by just about 1.8 per cent in the reporting period, according to Bloomberg estimates

Firms likely to raise $5 billion through dollar bond sales in January

In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million

Microloans: Early delinquencies jump to 15.7% in September, says CRIF

West Bengal, which retained its position as the top microfinance market as of September, had an early delinquency rate of 31.7 per cent

ISPL repays debt amounting to nearly Rs 845 cr after EEPL clears dues

The repayments by IL&FS Solar also cover tax and statutory dues

Demand for retail loans expected to continue upward journey: Experts

Large non-banking financial companies (NBFCs) and a few private banks - that have disclosed December quarter trends of advances - are showing signs of improved credit demand

SMCB becomes India's first urban co-operative bank to transition to SFB

The bank had received an in-principal approval from the RBI for transitioning to a SFB in January 2020

The concerns that kept moratorium and restructuring requests down

Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said

NBFC sanctions contract 32% YoY in Q2 amid Covid-19 pandemic, shows data

The lending in most of the segments, including housing, auto vehicle (personal and commercial) declined sharply

YES Bank's retail loan disbursements double to Rs 7,563 crore in Q3

It had disbursed Rs 3,764 crore in the second quarter (Q2) ended September

Credit quality of rated entities improved in Q3, says CARE

The MCR, the ratio of upgrades plus reaffirmations to downgrades plus reaffirmations, rose to 0.96 for Q3FY21

States, UTs set to borrow Rs 3.16 trillion through SDLs in March quarter

Overall, in Q3FY21, gross SDL issue was Rs 2.02 trn

PSBs may find it hard to raise money on asset quality, governance concerns

While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue

S&P affirms Union Bank's long, short term rating, revises SACP to 'BB-'

The bank's capital buffers have weakened due to the its merger with Andhra Bank and Corporation Bank earlier this year

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Hindujas get another extension to subscribe to IndusInd Bank warrants

New deadline set at Feb 4, 2021, by which time Hindujas must bring in Rs 2,021.45 crore towards subscription