Close to 70 senior bankers in fray for LVB top-post
The recruitment process for Laxmi Vilas Bank's top executives is currently underway as the entity stays headless and grappled by mounting losses. Senior executives from leading private sector banks have applied for the posts.
Lenders yet to classify DHFL as NPA
The resolution for a red-flagged account is recovery or a new owner coming in.
Cibil sees Rs 2.32 lakh crore worth loans turning bad over next 12 months
Using its new risk ranking product, Transunion Cibil forecast that ...
Small business credit worth Rs 2.32 lakh crore at highest risk of default: Cibil
In its study, TransUnion Cibil said, at present, the total outstanding amount of all financiers to small businesses having a credit outstanding of less than Rs 50 crore is Rs 17.94 lakh crore, representing 28 per cent of the total outstanding credit.
View: Grab what you can in India’s bad loan melee
As everyone from the govt sleuths to the courts are joining the melee, the chaos will hurt recovery.
HDFC Bank launches co-branded credit card with IndiGo
With over 14 million active cards, HDFC Bank is by far the largest credit card issuer in the country, and hopes to sell 1 million Ka-ching cards over the next three years. Parag Rao, head of the cards business at the bank, told that around 20 per cent of its total cards are co-branded, and such cards see around 30 per cent more spending.
No uncertainty on bank merger; going on as per schedule: FM Nirmala Sitharaman
"So the merger and the decision taken by respective banks board are all well taken. We are going as per schedule on that. There is no uncertainty on that. I am on course. There need not be speculation," she said after unveiling EASE 3.0, the PSB Reforms Agenda 2020-21 and the PSB EASE Reforms Annual Report 2019-20.
RBI's gradual shift from transparency to forbearance towards stressed sectors
RBI has resisted pressure on a package for NBFCs, but permitted banks not to classify defaulters in MSME, realty.
HDFC Bank Q4 results: Profit jumps 18% to Rs 6,928 crore YoY; provisions double to Rs 3,785 crore
Net interest income for the quarter climbed to Rs 15,204 crore from Rs 13,089 crore.
Banks won’t lend unless RBI or govt addresses credit risk: Mythili Bhusnurmath
It is bit unfair to ask banks to maintain higher provision of 10%, says, Consulting Editor, ET Now.
RBI announcements to help infuse liquidity, facilitate bank credit flows: Experts
Trade Promotion Council of India (TPCI) Chairman Mohit Singla said steps like 90-day NPA (non-performing assets) norm not to apply on to the moratorium granted on the existing loans by banks, and lowering the reverse repo rate to 3.75 per cent will surely ease pressure on the banking system.
In relief to borrowers and banks, RBI exempts accounts with moratorium benefits from asset recognition norms for 90 days
On March 27, it had given term-loan borrowers the option of a moratorium on loan repayments for 90 days for the money due in March, April and May with the assurance that it will not affect credit scores.
Ashok Leyland seeks govt support for MSMEs post lockdown to kickstart economy
Measures such as easy access to working capital and liquidity through banks and NBFC's, providing interest free and collateral free loans; introduction of an incentive for MSME's to help them pay salaries and wages to their employees in these times need to be considered by the government.
Efforts of banks under PCA framework are being monitored: RBI Governor
Reserve Bank of India Governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.
Farm loan waivers add Rs 60,762 crore to state-run banks' bad loans in Q3
New stress emerges in agriculture, MSME, commercial vehicle, telecom and realty.
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