Page 50 - Indian Banks
Coronavirus impact: Banks seeks RBI's nod to offer relief to borrowers
Moratorium on loans should be offered, say CFOs
 "Coronavirus impact: Banks seeks RBI's nod to offer relief to borrowers")
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
 "Covid-19: Banks brace for downing shutters in case cities go into lockdown")
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
 "Coronavirus spread: Banks' exposure to travel, hospitality sectors at risk")
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
 "Stressed NBFCs relying more on banks to meet funding requirements: CARE")
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 to transform into a retail bank: Administrator Prashant Kumar")
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
 "YES Bank crisis: Paying loan? Shift ECS mandate to 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.
 "Congress asks Modi to explain 'sinking banks', not divert attention")
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.
 "Letter to BS: Healthy banks are a barometer of a healthy economy")
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
 "Banks bracing up for a massive spike in stressed loans after SC AGR order")
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
 "I request banks to take back 100% of their principal amount: Vijay Mallya")
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
 "Are Indian banks out of the woods? Yes, no and the answers in between")
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
 "Indian banking: Challenges in the new decade")
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
 "Letter to BS: PSB lending should be meaningful to prevent capital wastage")
Where have all the women bankers gone?
Flexi hours and creches for children can help retain them but a bigger problem at the moment is women bankers don't have too many role models to look up to
 "Where have all the women bankers gone?")
Erwin Braich, the puzzling Canadian tycoon behind bid to save Yes Bank
Erwin Braich, the son of a lumber baron from Punjab, has a history including bankruptcy, lawsuits and soured business deals.
 "Erwin Braich, the puzzling Canadian tycoon behind bid to save Yes Bank")
Nearly 70 senior bankers in race to head debt-ridden Laxmi Vilas Bank
The Chennai-headquartered mid-sized private sector bank has been headless since mid-September after the then chief executive Parathasarathy Mukherjee left before the completion of his three-year term
 "Nearly 70 senior bankers in race to head debt-ridden Laxmi Vilas Bank")