Page 48 - Indian Banks

Banks face operational hurdles in implementing 90-day loan moratorium

With branches and call centres working with skeletal staff, communicating to customers and documenting the process are key challenges

Covid-19: Bank employees seek transportation, police protection for working

With the Prime Minister announcing the national-level lockdown and public transportation being stopped in most of the cities, many employees are unable to attend office.

Banks plan to shut down most branches during coronavirus lockdown: Report

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service

Coronavirus impact: Banks seeks RBI's nod to offer relief to borrowers

Moratorium on loans should be offered, say CFOs

Covid-19: Banks brace for downing shutters in case cities go into lockdown

Some banks are going on an overdrive to secure employees who have to deal with the public at the branches on a daily basis with banking being one of the essential services

Coronavirus spread: Banks' exposure to travel, hospitality sectors at risk

65 listed firms in travel and tourism sector had Rs 30,500-cr outstanding loans in Sept

Stressed NBFCs relying more on banks to meet funding requirements: CARE

Non-banking financial companies (NBFCs) are struggling to raise funds from the capital market due to higher cost and lack of availability of funds

Banks turn wary post IBC, tighten lending norms for labour-intensive units

RBI data shows a sharp fall in growth of outstanding loan for sectors like tea, textiles, glass and gems & jewellery

YES Bank to transform into a retail bank: Administrator Prashant Kumar

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

Congress asks Modi to explain 'sinking banks', not divert attention

"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.

Statsguru: How PSBs deal with integration in a challenging biz environment

The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19

Letter to BS: Healthy banks are a barometer of a healthy economy

It is time there are reforms to ensure autonomy to the banks with proper checks and balances so that they play their assigned roles effectively and professionally.

Banks bracing up for a massive spike in stressed loans after SC AGR order

Say loans may not immediately turn into bad debt, but a big chunk of it eventually could

I request banks to take back 100% of their principal amount: Vijay Mallya

Asked about heading back to India, he noted: I should be where my family is, where my interests are

Are Indian banks out of the woods? Yes, no and the answers in between

Recovery of bad loans and fresh slippages or new NPAs will determine the road ahead for the banking industry

Budget 2020: NBFCs seek setting up of permanent refinance window for sector

Non-banking finance companies (NBFCs) have sought setting up of a permanent refinance window for the sector in the Union Budget, which they say will help them diversify their funding sources. The shadow banking players have also asked for allowing NBFCs with strong support from their parents to access public deposits. Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1. Banks have been reluctant to lend to the NBFC sector after a series of default by Infrastructure Leasing and Financial Services (IL&FS) in September 2018. This risk averse approach of banks created a liquidity crunch for the entire NBFC sector which in turn had a multiplier effect on the important sector like automobiles, micro, small and medium enterprises (MSMEs) and consumer goods. "The need of the hour is to develop funding sources for NBFCs outside the banking system. A dedicated refinance window for NBFCs, has been a long-standing demand of the NBFC

SBI-led consortium allowed to utilise Mallya's movable assets to clear debt

Senior counsel Amit Desai, appearing for Mallya, said the court has ordered lifting of attachment of assets

Indian banking: Challenges in the new decade

Shall we see the closure of the bad loan saga in the new decade? There is no Lehman or East Asian crisis to blame; it's our own doing

Letter to BS: PSB lending should be meaningful to prevent capital wastage

Public sector banks have to adopt new technologies and security measures to project a better image and make themselves less vulnerable and globally competitive