Banks no longer vital; may get limited to transactions, says India Ratings' Ananda Bhoumik
Government will continue to be measured in their approach towards PSU banks. I think they will encourage consolidation, said Ananda Bhoumik.
Recovery will take a couple of quarters: Ananda Bhoumik, India Ratings
The cash cycle will not come back soon, the quarter will be worse than...
Market could be disrupted if IL&FS’ SPVs don’t pay up
India ratings, Crisil hint at sharp downgrades if repayments are allowed to stop.
Will IL&FS move turn "regressive" for investors?
IL&FS declined to comment on the matter, while individual investors could not be contacted immediately.
India turns up pressure with name and shame default strategy
The move may help authorities to stem mounting bad loans by putting pressure on borrowers.
Banks step up investments in commercial paper, bonds
Banks are investing in debt instrumentssuch as commercial paper and bonds instead of directly lending to them as corporates are opting to raise funds directly from the market rather than borrowing funds from banks.
Banks' credit and deposit numbers see a ‘magical’ jump
Banks have lent 32% of the total credit extended by them in the whole year and have raised 40% of the whole year’s deposits in just one fortnight.
Abu Dhabi Investment Authority to invest $1 billion in India's Infrastructure Fund
Investment by ADIA, one of the world's largest sovereign wealth funds, will give a push to govt’s ambitious attempt to raise equity funds for the infrastructure sector.
Bank credit rises at double digit levels for second consecutive fortnight
Lending by Indian banks continued to remain in double digits for the second consecutive fortnight rising 11.5% growth for the fortnight ending March 4, according to data released by the Reserve Bank of India on Tuesday.
Loan growth hits 54-year low, what's next?
Loan growth, a measure of economic activity, dipped below 6 % to 5.8% in the fortnight ended Dec. 9, data from the Reserve Bank of India showed.
India Ratings says capital raising big concern for banks in FY16
On consolidation, Bhoumik said it is very urgent and the government should show the lead by being "forthright" and initiate action.
Regulatory scrutiny adds to the woes of rating agencies
Ratings firms are now vying to benefit from the increased activity in the debt market.
India Ratings predicts Rs 2.9 lakh crore needed by banks to keep them ticking
Indian banks may need as much as Rs. 2.9 lakh crores in capital in the next 3 years in a market that is turning its back to industry due to mounting bad loans.
'Move to bring NBFCs in Sarfaesi Act for recovery beneficial'
Currently, NBFCs can only approach the civil courts to recover loans from the borrowers, which usually use to take longer time.
Expect government to pump in Rs 20,000 crore equity capity support for Public sector banks: India Ratings
Public sector banks (PSBs) may require budgetary capital support worth Rs 20,000 crore for FY’16, according to ratings firm India Ratings.
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