Agenda for small private banks: Bridge the trust deficit
Their faith shaken and fears stirred up by the Yes Bank curbs and PMC’s sudden failure, savers are withdrawing deposits in a ‘safety-first’ approach. So, smaller lenders are now under notice to rebuild their business models around sound risk assessment and better communication.
Bank of Baroda says fresh NPA accretion nearly peaked
"Given the fact that there are some indicators like the watch-list coming down, in term...
IBC deferral plan and absence of loan rejig put banks in a fix
Unlike the meltdown of 2008-09, Covid-19 has impacted a far higher number of i...
Blanket ban on recovery impractical, say bankers
Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protection against recovery action to all borrowers, bankers have said.
Gold loan volumes surge to record highs amid Covid crisis in India
Small business owners, people who have not been paid by their employers and the ones who are not able to earn their daily wages in the face of the lockdown are pledging family gold to raise funds. The top-7 gold financing companies are currently holding a record loan book worth Rs 85,000 crore, as per Care Ratings data. Banks are estimated to be holding gold loans worth Rs 2.35 lakh crore.
Government pushes PSU banks to provide cheaper loans to small businesses
While paring deposit rates-to ensure that all borrowers benefit from the lower rate regime-bankers have been asked to ensure widespread implementation of the Pradhan Mantri Vaya Vandana Yojana, which has been extended by three years up to March 2023. Under the scheme, senior citizens will be paid 7.4% interest during the current financial year with the rate to be reset next year.
UBS cuts target price of NBFCs by up to 65% on growth, NPA concerns
The brokerage is also concerned about liquidity freeze for the small and medium enterprises and the self-employed segments.
Bank of Baroda to appoint agencies to monitor Rs 4 lakh crore NBFC loans
India’s third-largest bank by loan size Bank of Baroda has taken the lead to monitor the entire NBFC loan portfolio on behalf of all lenders, three people familiar with the development said.
Bank of Baroda to monitor 33-NBFC portfolios including Bajaj Finance, Tata Capital
It includes marquee names like Bajaj Finance, Tata Capital, HDB Financial Services, Tata Motors Finance, M&M Finance, KKR India, Indiabulls Commercial Credit having an exposure of Rs. 4 lakh crore to the banking system.
'Companies may default on Rs 2.54-L cr bank loans in next 3 years’
The predictions are based on the assumptions of 6% average real GDP growth in FY21 & FY22.
RBI taking a constructive approach to address NPA risks: Sachin Chaturvedi
It is pertinent to see how the whole problem is revisited, says Board Member, RBI.
70% of Equitas Small Finance Bank borrowers on asset classification standstill pay up dues
“70% of these borrowers have paid the instalments to become a non-SMA account where there are no overdue, that is giving us a a very positive momentum for the future,” said P.N. Vasudevan, MD, Equitas Small Finance Bank.
Banking industry's NPA situation to improve by fiscal-end: SBI chairman
Rajnish Kumar added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from consumers. On transmission of monetary policy, he said the banks cannot lower rates beyond a threshold due to asset liability mismatch issues.
Allahabad Bank reports Rs 67 crore divergence in gross NPA
Divergence in gross NPA is the difference in gross bad loans reported by banks and the assessment done by Reserve Bank of India. Allahabad Bank had reported Rs 28705 crore gross NPA as on March 2019 while RBI assessed its gross NPA at Rs 28772 crore.
SBI complains to CBI after Rs 411 crore loan defaulters flee country
The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service