Page 596 - Finance News

It will be a long road to recovery from Covid-19: Axis Bank chief

In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Lockdown 4.0: Normalcy returning for shadow lenders, albeit at a slow pace

Enquiries for fresh loans see uptick

Covid-19 crisis: Banks seek relaxed NPA norms, moratorium extension

Senior bank executives said the Indian Banks' Association (IBA) has already approached the Reserve Bank of India with a plea for easing regulatory norms

Covid-19: Banking slippages may rise by Rs 5.5 trn this fiscal, says report

While slippages from the corporate sector may rise by Rs 3.4 trillion, for non-corporate segments it may increase by Rs 2.1 trillion in FY21

FM Sitharaman to review banking situation, credit offtake with PSB chiefs

The meeting was earlier scheduled on May 11, but due to the stimulus package announcements, it was deferred, they added

Bank credit up 6.74% at Rs 102.69 trn; deposits grow 9.82% to Rs 137.11 trn

In the year-ago fortnight, bank loans had stood at Rs 96.20 trillion and deposits at Rs 124.83 trillion

Govt to use RBI money to support struggling NBFCs for just three months

NBFCs cry foul as they were expecting a two-three year support

It may be time to change the way UCBs and NBFCs raise retail deposits

It may be time to link the higher deposit insurance cover and the way co-operative banks and select non-banks raise retail resources, writes Raghu Mohan

RBI may need to slash rates alongside providing fiscal stimulus: Economists

The only way to boost demand may be lowering interest rates to boost consumption, analysts said

RBI refuses a dozen licences to NBFCs with investments from Mauritius

PE, VC funds domiciled in the island nation on the radar

Moratorium to strain NBFC liquidity even further, bad debts to rise

These firms operate with very little short-term liquidity, which can become even more strained as customers start defaulting even after the moratorium

PSBs report sharp rise in deposits thanks to YES Bank, Franklin fiasco

Last financial year saw a series of banks failures starting with Punjab & Maharashtra Co-operative Bank and culminated in near collapse of YES Bank, India's 5th-largest private sector bank at its peak

PSBs sanctioned loans worth Rs 6.45 trn in lockdown between Mar 1-May 15

State-owned banks launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Reserve Bank makes $21-billion cut to US treasury holdings in March

Central bank does huge OMO silently to control domestic bond yields

Stimulus 2.0: Banks will monitor solvency, guarantees cool credit risk fear

While the issue of providing liquidity to existing borrowers who are sapped of revenues has been addressed, banks will have to undertake due diligence on the solvency of units, said bankers.

RBI googly on adherence to new Press Note 3 norms puts AIFs in a bind

Raises doubts over drawing down capital from Chinese LPs

NBFC yields yet to show contraction in spreads after govt measures

Experts believe spreads will contract as the credit lines start getting utilised, and banks regain confidence about NBFC papers for the long term

Equitas SFB posts 8.4% rise in FY20 pre-tax profit, income up 22%

Bank has made a provision of Rs 99.63 cr for the period ended March 31, 2020, based on assessment of recoverability of advances