Page 443 - Finance News
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
 "Looking back: 10 developments that shaped 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
 "India seen breaking ranks with peers on unwinding easy monetary policy")
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
 "Asset quality of NBFCs worsens in H1 amid Covid-19 pandemic: RBI report")
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
 "Indian banks must bolster capital and augment credit flow, says report")
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
 "NBFC sector expected to remain buoyant, says RBI report")
India needs to initially go for basic model for CBDC, says RBI report
In its basic form, a CBDC provides a safe, robust, and convenient alternative to physical cash
 "India needs to initially go for basic model for CBDC, says RBI report")
Banks need to strengthen corporate governance, says RBI report
The Reserve Bank emphasised it will endeavour to ensure a safe, sound and competitive financial system through its regulatory and supervisory initiatives
RBI releases report on trend and progress of banking in India: Highlights
Return on assets of SCBs improved from 0.2 per cent at end-March 2020 to 0.7 per cent at end-March 2021, aided by stable income and decline in expenditure, states the report
 "RBI releases report on trend and progress of banking in India: Highlights")
Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise
Third funding round this year bring total investments to $85 mn as company enters clean energy lending.
 "Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise")
Indian bankers collect bumper fees from record $18 billion in IPOs
A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg
 "Indian bankers collect bumper fees from record $18 billion in IPOs")
RBI says RBL Bank well capitalised with satisfactory financial position
The stock of the bank closed 18.32 per cent down to close at Rs 140.90 a piece on the BSE
 "RBI says RBL Bank well capitalised with satisfactory financial position")
ICRA, CARE put RBL Bank's stock ratings under review after CEO's exit
The rating is constrained on account of moderation in asset quality parameters with high slippages in retail portfolio, mainly in unsecured retail loan portfolio owing to Covid-19
 "ICRA, CARE put RBL Bank's stock ratings under review after CEO's exit")
RBL: 'Cats cannot morph themselves into lions, tigers,' says AIBEA official
Urging government to intervene and look at measures to merge the RBL Bank Ltd with a public sector bank, a top leader of AIBEA said that cats cannot morph into lions and tigers of juggle overnight.
IndusInd Bank, NPCI tie up to simplify cross-border remittances through UPI
Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of beneficiaries.
 "IndusInd Bank, NPCI tie up to simplify cross-border remittances through UPI")
What are the different types of loans?
According to the RBI, banks have written off over Rs 2 lakh crore of bad loans in the fiscal ended March 2021. Find out more about the types of loans and when they are categorised as bad
 "What are the different types of loans?")
Rakesh Jhunjhunwala, R K Damani approach RBI to acquire 10% in RBL Bank
Neither Jhunjhunwala nor Damani have made any statement regarding their request to RBI
Weekend events are not linked to RBL Bank's asset quality: Interim chief
Vishwavir Ahuja on "medical leave", hunt for successor on, says bank
RBL Bank does not anticipate big short-term capital needs: Rajeev Ahuja
He told reporters the bank does not anticipate major capital needs in the short term, countering fears of problems in management