Page 637 - Finance News
Impact of NBFC failures on banking system has reduced in past 6 months: RBI
Following NBFCs, HFCs were the second-largest borrowers of funds from the financial system with gross payables of around Rs 5.9 trillion and gross receivables of only Rs 33,110 crore as of end-Sept
 "Impact of NBFC failures on banking system has reduced in past 6 months: RBI")
Slowdown, credit squeeze to increase NPA, but banks more resilient now: RBI
Says geopolitical uncertainties an overhang; CAD to remain under control
 "Slowdown, credit squeeze to increase NPA, but banks more resilient now: RBI")
Housing prices in cities continue to moderate, says RBI report
On a year-on-year basis, a large variation was observed in HPI growth, with Kanpur recording the highest rise (18.3 per cent) and Delhi recording the maximum contraction (-2.6 per cent), said the RBI.
 "Housing prices in cities continue to moderate, says RBI report")
Insured deposits constitute 28.1% of assessable deposit base at March-end
As of 2018-19, the premium collected from member banks was Rs 12,040 crore, of which commercial banks contributed 93 per cent while cooperative banks accounted for the remaining 7 per cent
 "Insured deposits constitute 28.1% of assessable deposit base at March-end")
Grappling with stress, PSBs need to build buffers to absorb shocks: Report
State-owned banks have been grappling with stressed loans and limited capacity to absorb further rise in slippages expected due to prolonged economic slowdown
 "Grappling with stress, PSBs need to build buffers to absorb shocks: Report")
Bank frauds rise to Rs 1.13 trn in H1 FY20 due to detection delay: RBI
This involved 4,412 fraud cases of Rs 1 lakh and above, as per the report
 "Bank frauds rise to Rs 1.13 trn in H1 FY20 due to detection delay: RBI")
Steeply falling revenue risks fiscal parameters, could be a challenge: RBI
What is more pertinent is the divestment revenue. Of the Rs 1.05 lakh crore budgeted for the year, only 17 per cent have been achieved so far
 "Steeply falling revenue risks fiscal parameters, could be a challenge: RBI")
Report all exposures above Rs 5 crore: RBI directs large co-op banks
To start with, UCBs will be required to submit CRILC report on quarterly basis with effect from December 31, 2019
NBFCs' gross NPA ratio rises from 6.1% to 6.3% in Sept: RBI report
As at end-September 2019, the capital to risk assets ratio (CRAR) of the NBFC sector stood at 19.5 per cent, lower than 20 per cent as at end-March 2019
 "NBFCs' gross NPA ratio rises from 6.1% to 6.3% in Sept: RBI report")
To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan
This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further
 "To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan")
Banks' gross NPA ratios may rise from 9.3% to 9.9% by Sept 2020: RBI
The foreign banks' gross bad loans may increase to 3.1 per cent from 2.9 per cent in September 2019
Improve corporate governance to lift economic efficiency: RBI to India Inc
Comments come at a time when many promoters of companies are under regulatory scanner
 "Improve corporate governance to lift economic efficiency: RBI to India Inc")
LIC pays Rs 2,611 cr dividend to govt, generated Rs 53,214.41 cr in 2018-19
LIC Chairman M R Kumar handed over the cheque to Finance Minister Nirmala Sitharaman in presence of Finance Secretary Rajiv Kumar and Special Secretary Debasish Panda
 "LIC pays Rs 2,611 cr dividend to govt, generated Rs 53,214.41 cr in 2018-19")
SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans
Have disbursed just Rs 135 cr out of a total assistance of Rd 6,492 cr; Private sector lenders eclipse all banks
 "SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans")
PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht
These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender
 "PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht")
Govt approves infusion of Rs 4,360 cr in IOB; UCO Bank gets Rs 2,142 cr
In August, the finance ministry had announced a capital infusion of Rs 3,800 crore in the state-owned lender. This has now been increased by Rs 560 crore
IOB to get Rs 4,360 crore from govt, hopes to report profits from March
Karnam Sekar, Managing Director and Chief Executive Officer, IOB, recently said that the bank is expected to come out from prompt corrective action soon
 "IOB to get Rs 4,360 crore from govt, hopes to report profits from March")
Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra
According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline
 "Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra")
FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday
Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card
 "FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday")
RBI to again conduct special open-market operation on December 30
Analysts expect the central bank to cut repo even further
 "RBI to again conduct special open-market operation on December 30")