Page 439 - Finance News

Credit card spends dip 11.6% in November after record show in October

November spends are still higher than pre-Covid levels, with 43% YoY growth

RBI extends deadline for periodic KYC update to March 31, 2022

The central bank had relaxed the rules first in May last year due to the pandemic

With ATM withdrawals set to get costlier, reduce dependence on cash

Beware of keypad manipulation and heat mapping while using the ATM or PoS machine

RBL's Vishwavir Ahuja: A case of RBI discomfort with influential bankers

The Kohlapur-based lender turned swanky and state-of-the-art under him but the quick growth attracted central bank's scrutiny.

Manappuram Finance raises Rs 250 cr through bonds

Manappuram Finance on Thursday said it has raised Rs 250 crore by issuing bonds, and the amount will be utilised to pare its debt and shore up capital resources.

RBI gives nod for Rajeev Ahuja as RBL Bank's interim MD & CEO

This approval is for a period of three months with effect from December 25, 2021 or till the appointment of a regular MD & CEO, whichever is earlier

Retail-led credit growth faces headwinds: RBI's financial stability report

The first is an increase in delinquencies in the consumer finance portfolio.

Bank NPAs may go beyond 8% by September 2022, says RBI report

Going forward, as the economy recovers and credit demand rises, banks will need to ensure availability of sufficient capital to support credit growth

Private banks seeing jump in number of online frauds: RBI report

Commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year.

Asset quality set to worsen, but banks resilient enough: RBI report

The GNPA ratio of PSBs, which was 8.8 per cent in September this year, may deteriorate to 10.5 per cent by September 2022 under the baseline scenario

Banks' gross NPAs may rise to 9.5% in Sept 2022: RBI report

The gross non-performing asset ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario

India's financial system well cushioned amidst pandemic: RBI report

Banks' gross NPAs may jump to 8.1-9.5% by Sept 2022 from 6.9% in Sept 2021, says RBI in financial stability report

Economy regaining strength from Q2FY22, but Omicron a threat to growth: RBI

Financial institutions resilient and stable with strong balance-sheets, capital and liquidity buffers, says RBI in financial stability report

Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021

India seen breaking ranks with peers on unwinding easy monetary policy

Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay

Banks' asset quality 'may get dented' as special schemes end: RBI report

Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis.

RBI flags regulatory concerns on big tech's role in financial services

The RBI, in its bi-annual Financial Stability Report, had flagged the entry of big tech in financial services in emerging markets such as India.

Asset quality of NBFCs worsens in H1 amid Covid-19 pandemic: RBI report

The pandemic posed significant challenges to NBFCs during the first wave (2020) also

Indian banks must bolster capital and augment credit flow, says report

Due to the pandemic, credit growth of commercial banks had been subdued in 2020/21 but non-banking finance companies filled up the space, RBI said

NBFC sector expected to remain buoyant, says RBI report

The pandemic has tested the resilience of NBFCs, but so far, the sector has emerged stronger: Report