Page 454 - Finance News

Sell bad debts early, let ARCs take part in IBC: RBI committee

About 80 per cent of the recovery ARCs made came through the "deployment of measures of reconstruction that do not necessarily lead to revival of businesses"

Be vigilant to vulnerabilities: RBI governor Shaktikanta Das to banks

The RBI data showed that credit growth is improving, albeit at a slower pace

Banks lend Rs 63,574 crore to 1.38 mn borrowers via outreach programme

Both public and private banks have extended credit through 10,580 camps under the programme. Loans are over and above those under various central government loan guarantee schemes

Festive season: Credit card spends jump 57% in September, shows data

Credit card spends are much higher than pre-pandemic levels.

RBI issues revised Prompt Corrective Action framework for banks

Capital, asset quality and leverage will be the key areas for monitoring in the revised framework, the RBI said

BFSI Summit: RBI to go high-tech to boost oversight, says Dy Governor Jain

The RBI has increased its scrutiny manifold, particularly since the PMC Bank crisis

RBI report says stressed asset sales should take place earlier

All lenders including banks must make a list of non-performing assets which they intend to sell to eligible entities including ARCs at the start of each year: Report

Appropriate governance standards at banks needed for public trust: RBI DG

Corporate governance is the cornerstone for any enterprise and it assumes a distinctly different undertone and importance for banks: RBI DG Jain

New rules enough to protect genuine business decisions of bankers?

The govt has issued a uniform staff accountability framework for NPAs of up to Rs 50 cr to protect bankers taking bonafide decisions. But is that enough to assuage concerns?

Chaudhuri arrest case: Alchemist ARC accuses loan defaulters of complicity

Says former SBI chief's arrest was based on protest petition filed by erstwhile directors of Hotel Gaudavan; non-bailable warrants were issued without any summons

Bankers in a state of shock after former SBI chairman Chaudhuri's arrest

State Bank says deal on which Chaudhuri was arrested was done after he retired; ex-SBI chairman Rajnish Kumar calls arrest vendetta; pathetic, blasphemous say others

SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody

Case related to bad loan, sale of NPA at low value

Centrum-BharatPe backed Unity Small Finance Bank commences operations

The banking entity aims to be the digital-first bank

Yes Bank appoints Sharad Sharma non-executive director

Sharma is a career banker with 40 years of experience in the banking industry

Shaktikanta Das reappointed as governor of RBI for three-year term

The Appointments Committee of the Cabinet approved the extension, Financial Services Secretary Debashish Panda's office notified

As economy settles in, Shaktikanta Das has 6 challenges in second term

The central bank will have to revive credit growth, drain liquidity and keep inflation on hold: that's just the beginning of his tasks.

What does Shaktikanta Das' reappointment mean for markets?

A three-year extension for Shaktikanta Das as RBI Governor signals the govt's endorsement of his policies. Now, what does his extension mean for the markets? This report examines

PSBs to introduce common staff accountability guidelines for NPAs

Loans up to Rs 50 cr t be brought under new regime, fraud accounts to be kept out of ambit; aim is to reduce hardship to employees, save resources

IDFC First Bank's Sept quarter net up 50% on improved interest margins

It had posted a net profit of Rs 101 crore in the second quarter of the last financial year (Q2FY21)

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

Customers of stressed Punjab & Maharashtra Co-Operative Bank will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process.