Page 726 - Finance News

RBI allows one-time restructuring of MSME loans of up to Rs 25 crore

To be eligible, the MSME account should remain a 'standard asset' as of January 1

External benchmarks for loans may lead to face-off between banks, NBFCs

Banks are to link retail loans to external benchmarks; finance companies may be next

A call for timely action

After the IL&FS crisis, the RBI feels that the oversight framework related to the financial corporations need to be geared for timely measures

New RBI norm allows one-time restructuring of loans defaulted by MSMEs

The aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019 to be eligible for the scheme.

RBI vs government in 2018: A 'husband-wife' relation that turned stormy

The genesis of differences between the RBI and the government was one-day default norms announced by the central bank on February 12, 2018

Dampener for home loan borrowers: HDFC hikes lending rates by 0.10%

The move comes amid a system-wide hike in lending rates due to tight liquidity

Asset Reconstruction Companies to scale up operations in Indian banks

The primary reasons for spurt in stressed assets include aggressive lending practices, wilful default, loan frauds, corruption in some cases, and economic slowdown

Banking system getting back to health as NPAs on the decline: RBI report

Banks showed an overall improvement with their gross NPA ratio declining from 11.5% in March 2018 to 10.8% in September 2018

With base effect catching up, RBL is a capital guzzler among private banks

With the bank growing its assets by over 30-35% quarter after quarter, it is constantly in need of capital

Post-recapitalisation, banks' credit flow increases sharply in FY18

The share of net credit of housing finance companies (HFCs) in the total flow of credit nearly doubled from 6.2 per cent in FY14 to 11.7 per cent in FY18

Better coordination needed among financial sector regulators, says RBI

Such a move is necessary because of the greater inter-connectedness in the financial markets and potential of contagion

Nirav Modi effect? Bank frauds more than double to Rs 412 bn in 2017-18

RBI's latest report suggests that if the Nirav Modi scam were left out, the quantum of frauds would have risen by just Rs 38 bn in 2017-18 YoY, even lower than the Rs 52 bn increase in 2016-17

India's microfinance loan portfolio grew by 9% to Rs 631 bn in Q3: Report

As of September 2018, total client outreach of the sector was 29.9 million

Bank frauds rise 72% in 2017-18 to Rs 412 bn; PNB scam biggest cause: RBI

Public sector banks accounted for a majority of frauds during the year

Statsguru: Analysts expect monetary policy committee to cut rates in 2019

As inflation is expected to undershoot the Monetary Policy Committee's target of 4% plus/minus 2%

Banks recover Rs 404 bn of bad loans from defaulters in FY18: RBI report

While banks recovered Rs 49 billion of bad loans through the IBC, the amount recovered through SARFAESI was Rs 265 billion in FY18

RBI explores solutions to help 8 million visually impaired identify notes

Currently, intaglio printing-based identification marks are present in banknotes of Rs 100 and above for helping the visually challenged identify them

How Indian banks fare on capital adequacy ratio against global peers

The capital adequacy ratio denotes how much capital a bank has against its loans

Bank of India to get Rs 100.86 bn as part of govt capital infusion plan

The fund infusion would be by way of preferential allotment of shares

NBFCs saw improvement in profitability in FY18 and H1FY19: RBI report

Backed by an increase in fund-based income, the NBFCs saw an improvement in their profitability in FY18 and in the H1 of FY 19