Page 639 - Finance News
UCBs need to address weak governance, slow tech adoption, says RBI report
The sector faces increasing competition from not only scheduled commercial banks (SCBs) but also from small finance banks and payments banks.
 "UCBs need to address weak governance, slow tech adoption, says RBI report")
Anti-CAA protests in Assam: MFIN asks RBI forbearance for extended payments
The anti-CAA protests have led to delays in repayments in the entire north-east region, pockets of Uttar Pradesh, as well as in parts of West Bengal
 "Anti-CAA protests in Assam: MFIN asks RBI forbearance for extended payments")
Assess health of PSbs by their ability to raise resource from market: RBI
In 2017-18, the government had infused a capital of Rs 90,000 and another Rs 1,06,000 crore in 2018-19 into the PSBs, bolstering their capital position
 "Assess health of PSbs by their ability to raise resource from market: RBI")
Corporate governance 'fault lines' emerging at some pvt lenders: RBI report
The central bank said it would focus on improving supervision of around 1,500 UCBs across the country
 "Corporate governance 'fault lines' emerging at some pvt lenders: RBI report")
Bengaluru, Mumbai to see healthy office rental growth in 2020: Report
According to a study titled 'Asia-Pacific Prime Office Rental Index Q3 2019' by property consultant Knight Frank, the National Capital Region (NCR) would see stable growth in rentals
 "Bengaluru, Mumbai to see healthy office rental growth in 2020: Report")
Gross NPA ratio improves to 9.1% at Sept end from 11.2% y-o-y: RBI
Net non-performing assets (NPAs) of all commercial banks reduced to 3.7 per cent in FY19 as against 6 per cent in FY18.
RBI believes PSU banks merger can create lenders of global scale
Currently, there is not a single domestic lender in the global top 50 list, which since the 2008 global financial meltdown has been dominated disproportionately by Chinese lenders
 "RBI believes PSU banks merger can create lenders of global scale")
Lenders call for bids to rescue shadow bank Altico as crisis deepens
Alitco's bad loans spiked to 23.8% of its loan book in the July-September quarter, adding to concerns of recovery for the lenders
 "Lenders call for bids to rescue shadow bank Altico as crisis deepens")
RBI allows IFSC banking units to open foreign currency current accounts
As per the existing norms, IFSC Banking Units (IBUs) were not allowed to open any current or savings accounts
GST fraud worth Rs 900 crore busted, three sent to judicial custody in TN
The kingpin and two of his accomplices were arrested and produced before a court which remanded him in judicial custody and further probe is on, the official said
 "GST fraud worth Rs 900 crore busted, three sent to judicial custody in TN")
RBI caps lending on P2P platforms at Rs 50 lakh to shield consumer interest
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh
Telangana banks' advances grew 0.37% to Rs 1,966 cr in first half of FY20
Total advances by all sources - public sector banks, private sector banks and co-operative banks rose to Rs 53,5840.18 crore in September 2019 from Rs 5,33,874,07 crore in March, 2019.
 "Telangana banks' advances grew 0.37% to Rs 1,966 cr in first half of FY20")
Number of debit cards fall by 15% to hit two-year low in 2019: RBI data
Banks have stopped issuing suo moto cards for dormant accounts and moved to chip-based cards, weeding out many accounts
 "Number of debit cards fall by 15% to hit two-year low in 2019: RBI data")
Federal Bank ties up with Magicbricks to recover dues from 30 big accounts
The lender will be listing and e-auctioning the properties it repossessed from defaulters on the realty portal
 "Federal Bank ties up with Magicbricks to recover dues from 30 big accounts")
Rate cuts to 'operation twist', RBI governor is pushing policy boundaries
The policy easing cycle this year saw Das and his rate-setting panel deliver a rare 35 basis-point cut in August
 "Rate cuts to 'operation twist', RBI governor is pushing policy boundaries")
IDBI to be out of PCA framework in Q4FY20 helped by IBC, capital infusion
The PCA framework kicks in when banks breach any of the three key regulatory trigger points namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).
 "IDBI to be out of PCA framework in Q4FY20 helped by IBC, capital infusion")
Slowdown in SME sector can hurt mid-sized private banks, be selective
RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya
IBA to set up framework to address consortium, multiple lending issues
And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.
 "IBA to set up framework to address consortium, multiple lending issues")
SBI chief nudges industry to borrow and invest, says no dearth of fund
He also said that the State Bank of India (SBI) is underutilising its loan sanction limits as there is not enough credit demand from the industry
 "SBI chief nudges industry to borrow and invest, says no dearth of fund")
Deposit rate cut beyond a point is risky, India lacks safety net: SBI chief
On rate transmission by banks, Kumar said when interest rate moves downwards then everybody starts talking and when it goes upwards nobody talks about it
 "Deposit rate cut beyond a point is risky, India lacks safety net: SBI chief")