The amount raised through such issuances was Rs 21.9 trillion in 2021, 49% higher than the previous year
Sequentially, however, consolidated net profit rose by 5.94% from Rs 286 crore in Q2FY22
An empowered, well-funded resolution authority is urgently needed to strengthen the financial sector
To breathe life into 2004 circular on shadow banks' entry into this space
Most MSMEs have seen a delayed payment cycle, and spend much time and resources on the collection of dues owing to the pandemic
RBI brought regulatory framework for NBFCs close to what is applicable for banks
Bad bank unlikely to take up any power assets in the first list
The agency said the growth outlook would be exposed to downside risk in case of significant disruptions caused by the new wave of infections in Q4 FY2022.
It may be recalled that the RBI's Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds
The eight NBFCs too cannot carry out the business of non-banking financial institutions
All three schemes now have been merged into one integrated ombudsman scheme
December data indicates a good third quarter for banks on asset quality front
The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence
The GNPA ratio of PSBs, which was 8.8 per cent in September this year, may deteriorate to 10.5 per cent by September 2022 under the baseline scenario
From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021
Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis.
The pandemic posed significant challenges to NBFCs during the first wave (2020) also
Bad loans in some NBFCs will definitely rise but no one should complain. They are no longer shadow banks
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Banking experts said the move to increase non-promoter shareholding would help lenders with greater access to capital